Merry Christmas to all Readers
Jingle bells, jingle bells,
Jingle all the way.
Oh! what fun it is to ride
In a one-horse open sleigh.
Jingle bells, jingle bells,
Jingle all the way;
Oh! what fun it is to ride
In a one-horse open sleigh.
Clarification on GST on Hand Sanitizers - CBIC
Dear Readers, The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on Goods and Service Tax on hand sanitizers by press note dated 15.07.2020. The issue of GST rate on alcohol based hand sanitizers has been reported in a few sections of media. It is stated that hand sanitizers attract GST at a rate of 18%. Sanitizers are disinfectants like soaps, anti-bacterial liquids, Dettol, etc which all attract duty standard rate of 18% under the GST regime. The GST rates on various items are decided by the GST Council where the Central Government and all the state governments together deliberate and take decisions. It is further clarified that inputs for the manufacture of hand sanitizers are chemicals packing material, input services, which also attract a GST rate of 18%. Reducing the GST rate on sanitizers and other similar items would lead to an inverted duty structure and put the domestic manufacturers at disadvantage vis-a-vis importers. Lower GST rates help...
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