News
GST classification woes to continue
- Date:
- March 23, 2017
- Source:
- Times Of India
A rose by any other name, smells just as sweet. Unfortunately, this doesn't apply in the sphere of indirect taxation, where the applicable excise tax rate depends on its classification. Litigation abounds on which category or class a product falls in. According to tax experts, given the multi-tier GST structure, cess on some items and also the continuation of the existing basis of clas…