Jul 10, 2018 · The Advance Ruling Authority (AAR) of West Bengal State recently clarified that some Rakhis would attract Goods and Services Tax ( GST ) as the exemption to rakhis would not applicable to all such as, a rakhi using glass beads which attract 18% GST.

Jul 5, 2018 · Rakhi will attract GST in accordance to its classification as stated above. Exemption under Notification No. 2/2017-Central Tax (Rate) dated 28/06/2017 (1126-FT dated 28/06/2017 of State Tax) is not applicable for “Rakhi”.

Jul 6, 2018 · The traditional wrist band, also known as Rakhi, used in the festival of raksha bandhan for depicting a bond between a sister and brother is not exempt from the goods and services tax (GST),...

Aug 18, 2018 · The Central Board of Excise and Customs (CBEC) on through FAQ’s on classification clarified that Rakhi, in form of kalava or raksha sutra will attract NIL GST.

Aug 3, 2017 · NEW DELHI: Rakhi, the sacred thread that women tie on the wrist of their brothers on the day of Raksha Bandhan, will not attract the goods and services tax (GST) provided it’s the traditional cotton thread. However, gold and silver rakhis will be taxed 5%.

Aug 13, 2018 · But this rule is applicable only traditional rakhi, gold and silver rakhis will be taxed 5%. The interim union finance minister Piyush Goyal himself announced that the arrival of …

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