No CGST On Goods Not Bearing Registered Brand Name
The Central GST (CGST) rate on supply of certain goods, such as chena or paneer, natural honey, wheat, rice and other cereals, pulses, flour of cereals and pulses, other than those put up in unit container and bearing a registered brand name, is NIL.
Supply of such goods, when put up in unit container and bearing a registered brand name, attracts 2.5% CGST rate.
Doubts are being raised as to the meaning of registered brand name.
In this context, the Notification No. 1/2017-Central Tax (Rate), dated June 28, 2017, which notifies the CGST rates of intra-state supply of goods, and Notification No. 2/2017-Central Tax (Rate), dated June 28, 2017, which exempts intra-state supply of the specified goods, clearly defines ‘registered brand name’ as brand name or trade name, which is registered under the Trade Marks Act, 1999.
In this regard, Section 2(w) read with Section 2 (t) of the Trade Marks Act, 1999, provide that a registered trade mark means a trade mark which is actually on the Register of Trade Marks and remains in force.
Thus, unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999, CGST rate of 5% will not be applicable on the supply of such goods.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next New bearings simplify the woodworking industry
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
