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Major News and Events of 06 July 2017 |
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What Happened on 06 July 2017
CGST won't apply on items not registered under trademark law
According to reports, Information and Broadcasting Minister M Venkaiah Naidu has launched the new website of Doordarshan News named www.ddnews.gov.in. The new website gives the insight of news and features across the world. The minister has stressed upon improving the efficiency of news.
According to a statement from the Finance Ministry, the 5 per cent Central GST will not apply to products that are not registered under the Trade Marks Act. It further stated that the CGST rate on supply of certain goods such as paneer, natural honey, wheat, rice and other cereals, flour, and pulses is zero. However, supply of such goods, when put up in unit container and bearing a registered brand name would attract 2.5 per cent CGST. The clarification comes amid doubts being raised with regard to the meaning of registered brand name for the purpose of GST.
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