CGST rate of 5% will not be applicable on unregistered trademarks
The Dollar Business Bureau The Government has issued a direction that 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, that are not packed in containers and do not bear a registered brand name, will not be levied any CGST. Only those goods, that are packed in containers and bearing a registered brand name would attract 2.5% CGST rate. But traders and the business community have raised several doubts with regard to the meaning of registered brand name. In this context, the Notification No. 1/2017-Central Tax (Rate), dated 28th June, 2017 [which notifies the CGST rates of intra-state supply of goods] ...
Hidesign eyes growth in US market?
Source: PTI Aiming to diversify globally, India-based leather goods manufacturer Hidesign is bullish on growing its presence in the US market and is seeking to capture the niche segment with its range of men's and women's range of bags. Pondicherry-based Hidesign launched its US operations in December 2014, making an initial investment of between a quarter and half million dollars. The company plans to make more investments as it undertakes expansion of the brand in the US market. “The US market is gigantic and we are looking for a niche representation in this market, that itself will be very significant in terms of numbers and value. It is a good opportunity to diversify and build the brand outside India,” Hidesign ...
