CURRENT AFFAIRS

Detailed explanation-1: -Sale of the Indian national flag, irrespective of whether machine made or of polyester, is exempt from the Goods and Services Tax (GST), the finance ministry said on Friday. Hand-woven, hand-spun national flags made of cotton, silk, wool or Khadi are already exempt from GST.

Detailed explanation-2: -The sale of the National Flag through Post Offices is open till 15 August 2022. “Citizens can walk in, to the nearest Post Offices or visit the e-post office (epostoffice.gov.in) and obtain their National Flag and become a part of the “Har Ghar Tiranga” campaign.

Detailed explanation-3: -The national flag can be purchased online through the post office portal at a price of just Rs 25. The dimensions will include 20 inches and 30 inches in length and breadth, which will be available without a pole. Anyone can order it from the official website of epostoffice.gov.in.

Detailed explanation-4: -Any business with a turnover of less than Rs. 40 lakhs is recognised as a GST-exempt business. Businesses that have a lower annual aggregate turnover than Rs. 1.5 crores can avail of a composition scheme under GST.

Detailed explanation-5: -Subsequently, Flag Code envisions the provisions in which you cannot use the flag and says that the Tricolour cannot be used for commercial purposes. Going further, the flag cannot be dipped in salute to any person or thing or as a festoon, or for any kind of decoration purposes, says the Flag Code.