Fair Trade Alliance Kerala ., In re
Date: February 18, 2022
Subject Matter
Fair Trade Premium forms part of the value of taxable supply of the goods supplied and the applicant is liable to pay GST on it.
Summary
1. Whether the applicant an association of farmers, engaged in supply of agricultural produce through concept of fair trade, is liable to pay GST on component of “Fair Trade Premium? Ruling: Yes, The Fair Trade Premium forms part of the c…
1. M/s Fair Trade Alliance Kerala (hereinafter referred to as ‘the applicant’), formed in 2006, is an association of over 4000 Small Holder Farmers in North Kerala. 2. At the outset, it is clarified that the provisions of the Central Goods and Services Tax Act, 2017 (hereinafter to as CGST Act) and the Kerala State Goods and Services Tax Act, 2017 (hereinafter referred to as KSGST Act)…