A week after the roll-out of goods and services tax, confusion still rules.
While the businesses are still coming to terms with the tax rules, consumers too are yet to understand how the new tax regime is going to impact their daily life.
Assessing the situation after one week of GST roll-out at a meeting convened by the Confederation of All India Traders (CAIT), traders said their counterparts in small towns are in a state of confusion due to lack of knowledge about even basic fundamentals of the Goods and Services Tax (GST) and its compliance obligations leading to procedural lapses.
For instance, the government in a recent notification allowed unsold pre-packed items to be marketed to consumers with an add-on sticker indicating the revised price. The old MRP will have to be clearly on display along with the revised MRP sticker. This means there will be two MRPs on one product - Pre-GST and post-GST.
All in all as confusion prevails, here's a list of goods that are exempted from GST for your perusal:
|Children’s’ picture, drawing or colouring books|
|Earthen pot and clay lamps|
|Hand operated agriculture equipments|
|Indian national flag|
|Indigenous handmade musical instruments|
|Judicial, Nonjudicial stamp papers, Court fee stamps|
|Kumkum, Bindi, Sindur|
|Live trees and plants|
|Municipal waste, sewage sludge, clinical waste|
|Non-alcoholic Toddy, Neera|
|poultry feed & cattle feed|
|Prasad (sacred food)|
|Printed books, including Braille books and newspaper, periodicals & journals|
|Puffed rice (muri)|
|Slates, Slate pencils and chalk sticks|
|Tender coconut water|
|Unbranded atta (flour) and maida|
|Unbranded besan (gram flour)|
|Unbranded natural honey|
|Unpacked foodgrains (Cereals, pulses)|
|Water (other than aerated, mineral, purified)|
(With PTI inputs)
Published Date: Jul 07, 2017 04:44 pm | Updated Date: Jul 07, 2017 06:18 pm