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How branded and unbranded food will be differentiated and taxed in GST

QuestionsCategory: GSTHow branded and unbranded food will be differentiated and taxed in GST
CA Shivangi GuptaCA Shivangi Gupta Staff asked 1 week ago

How branded and unbranded food will be differentiated and taxed in GST

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1 Answers
Sunil AgarwalSunil Agarwal Staff answered 1 week ago

In recent Council meeting – The Council has  decided to fix the loophole to prevent manufacturers of branded food items selling their products as unbranded ones or deregistering their brands to save the 5 per cent tax.
Accordingly, Mr Jaitley said food products manufactured by any company which has a registered trademark on May 15 or any company which has an exclusive mark or name will attract a levy of 5 per cent.

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