No 5% CGST on Items Not Listed Under Trademark Law

The finance ministry has said that 5% central goods and services tax will not apply on products paneer, natural honey, wheat, and rice that are not registered under the Trade Marks Act. "Unless the brand or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999, CGST (Central Goods and Services tax) rate of 2.5% will not be applicable on the supply of such goods," an official statement said.

Economic Times New Delhi, 06th July 2017

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

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