CBIC issues FAQs on GST applicability on pre-packaged and labelled goods.
It has clarified that all pre-packaged items containing a quantity up to 25 Kg (or 25 litre), will attract 5 per cent GST. However, items, which are pre-packaged above 25 Kg, in a single packet will be exempt from GST.
FSSAI issues order on usage of the term “ORS” along with brand name.
FSSAI has earlier issued direction regarding misleading advertisement and marketing of ORS substitute products vide which the use of terms ‘ORS’ or similar to ‘oRS’, and/or depiction of the food products as ‘ORS’on the food labels or through advertisement was restricted and the Commissioners of Food Safety of all States/UTs and Central licensing Authorities were advised to issue improvement notices to such FBOs for rectification of such food labels.
Levy of Goods & Services Tax (GST) on the fees payable to SEBI.
This move has been taken after the GST Council last month recommended to withdraw the exemption granted to services by Sebi and the same was notified on July 13.
Maharashtra labour welfare fund contribution due date extended till 31st July 2022.
The Maharashtra Labour Fund is applicable to all establishments in the state which has employed more than 5 person and it includes employees employed through the contractor, except those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month.
Zero coupon zero principal instruments declared as securities under the Securities Contracts (Regulation) Act, 1956
It is further clarified that “zero coupon zero principal instrument” means an instrument issued by a Not for Profit organization which shall be registered with Social Stock Exchange segment of a recognized Stock Exchange in accordance with the regulations made by the Securities and Exchange Board of India.
