 "Goods and services tax, gst")
The Central Board of Indirect Taxes and Customs on Wednesday issued clarifications on the goods and services tax (GST) levied on a host of goods and services.
The indirect tax body through multiple circulars addressed key issues around liquidated damages, penalty on cheque bouncing, delayed payment charges, recovery from employees towards bond payment/forfeiture of salary, etc.
It clarified that electric vehicles without batteries would attract 5 per cent GST. Mangoes — except fresh, sliced, and dried — would invite 12 per cent GST.
It also clarified that treated sewage water is not purified and hence, would not see any levy.
