News & Media 21st Jul 2022

Kerala’s GST deviation will need legal backing; council dispute mechanism should kick in: experts

Authors

Kumar Visalaksh Partner | New Delhi | Noida

Latest Thought Leadership

Alerts & Updates 27th May 2024

Trade Update – May 27, 2024

Read More
Articles 27th May 2024

Revamping India’s Insolvency Framework: Challenges, Trends, and Strategic Improvements

Read More
News & Media 27th May 2024

Cost inflation index for FY25 higher than last fiscal’s

Read More
Alerts & Updates 24th May 2024

SEBI issues a flurry of changes to tackle material price movement due to market rumours and to ensure a level playing field

Read More

The GST Council in June tweaked norms to impose a 5 percent tax on pre-packaged and labelled pulses, cereals, flour and other items for packs of up to 25 kg. These staples when sold loose continue to be exempt from GST. The Kerala FM has now indicated that the state does not intend to tax staple items sold in 1 or 2 kg packets be self help groups/small stores.

This situation brings to the fore a core debate on the decisions of States versus recommendations of the GST Council. Moneycontrol in its article discusses the implications of this deviation by the Kerala Government with various tax experts. ELP’s tax partner, Kumar Visalaksh has been sought for his opinion on this issue.

Read the detailed article here: Click here