Tamil Nadu Authority for Advance Ruling denies 5 per cent Goods and Services Tax rate for paper carry bags
The Tamil Nadu Authority for Advance Ruling has clarified that paper carry bags do not qualify for the 5 per cent Goods and Services Tax rate under Entry 322. Tax professionals and businesses must evaluate correct classification for packaging materials to avoid misclassification risks. This ruling impacts retail supply chains and packaging suppliers across the state.
Effective Not specified in the update
For professionals: Audit current client portfolios dealing in paper packaging supplies to verify proper tax collection and remittance. · Examine the Harmonized System of Nomenclature codes assigned to paper-based carry solutions to ensure correct tax classification.
Open for the full story →