2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to a ruling by the Karnataka bench of the Authority for Advance Rulings, parathas are not rotis and therefore can be taxed at a higher GST rate of what per cent compared to 5 per cent for rotis?
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18
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12
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8
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7
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Explanation:
Detailed explanation-1: -Roti and chapati are subject to 5% GST (2.5% CGST + 2.5% SGST). The first listing of the paratha was at Entry No. 453 in Schedule-III of the CGST Rate Notification No.
Detailed explanation-2: -The GST rate on paratha was retained at 18% (9% SGST + 9% CGST).
Detailed explanation-3: -GST comprises of five basic rates: 0 percent, 5 percent, 12 percent, 18 percent and 28 percent.
Detailed explanation-4: -The appellate authority upheld the ruling given to this company last year by the Gujarat bench of the Authority for Advance Rulings (AAR) that an 18% GST rate would apply to ready-to-cook, or frozen, parathas.
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