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News Bulletinby Jitendra

Stock transfer Vs Inter State Sale

If a company manufactures goods in one of its units. Then transfers it to its another unit in another state. Apparently, this looks to be an inter state sale. But if the goods transferred are not sold as they are, but are used in or become a part of another good and then sold, then this the transfer by one unit to another is "STOCK TRANSFER" and NOT "INTER STATE SALE". ...

Is GRD powder covered under the expression "non-alcoholic drink and beverage"?

Any potable liquid except water is a "beverage". Law clearly states that, an item in order to be classified as beverage, should be in the liquid form. The expression "beverage" as is commonly understood means any liquid other than water, which may be consumed neat or after dilution. Thus, the products in question, namely, GRD powder and GRD bix which are admittedly not in liquid form cannot be said to be beverages. ...