Goods and Services Tax – Started By: – arun aggarwal – Dated:- 20-1-2018 Last Replied Date:- 8-2-2018 – Sir There are no chapter notes in GST tariff as were in the Excise tariff. There were many items in the excise tariff which were specifically by virtue of the chapter notes were taxed and classified in different chapters. One of the example is the watch chains of precious metal which was specifically changed by the virtue of the chapter note from the chapter tariff 9113 to 7113 in excise. Now under GST regime what should be the right HSN code for the watch chains of the precious metal as per logic it should be taxed under 9113 but as per the custom tariff it is still falls under 7113 by the virtue of the chapter note? In future in the ca
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
e correctly classifiable under heading No. 7113 . This is my opinion. If you feel the rate of tax is on higher side, make a representation GST Council for reduction of the same. – Reply By KASTURI SETHI – The Reply = Classification is always linked with the function and end use of any product. Keeping in view the purpose, it should fall under Chapter 91 but as suggested by Sh.Ranganathan Sir, you should make representation to the Chairman, GST Council. It is the better option. GST Council takes up such issues. – Reply By arun aggarwal – The Reply = Thanks Mr RAJAGOPALAN RANGANATHAN Ji – Reply By KASTURI SETHI – The Reply = Yes. Sh.Ranganathan Sir deserves kudos. It is his mind's product. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = I
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =