TIWN
New Delhi, Oct 5 (TIWN) The Karnataka Appellate Authority of Advance Ruling (AAAR) has given a ruling that the 18 per cent Good and Services Tax (GST) applicable on whole wheat parantha or parota (fried flat bread) and Malabar Parota is void ab initio.
The authority was approached by ID Fresh Food (India) Pvt Ltd, a food products company involved in the preparation and supply of a wide range of ready to cook, fresh foods including idli and dosa batter, parotas, chapattis. The Karnataka appellate authority consisting of Judicial Member, D P Nagendra Kumar and Accountant Member, M S Srikar said that the ruling given by AAR wherein 18 per cent GST applicable on whole wheat parota and malabar parota is void ab initio on the grounds that it was vitiated by the process of suppression of material facts.
- RBI MPC likely to maintain status quo on policy rates: Experts
- Don’t let arrogance lead to your downfall: Top investor Vijay Kedia tells IndiGo
- India Inc’s business sentiment soars amid policy continuity, robust domestic demand
- Samsung shares future business, research plans on AI in US
- PM Modi pushing us to make AI work for people: Google’s Sundar Pichai