5% GST on cereal / pulses inapplicable where actionable claim on brand-name foregone voluntarily
Govt. explains applicability of 5% GST rate on branded cereal, pulses and flour pursuant to recommendations of GST Council during 21stmeeting; States that said rate would not apply if person concerned voluntarily foregoes any actionable claim or enforceable right in court of law on the brand name subject to certain conditions; As per the conditions, person must file an affidavit to the effect that he is voluntarily foregoing his actionable claim or enforceable right with juri...