Karnataka State Road Transport Corpn bags Skoch National Award-2024
Bengaluru, Sep 21: Karnataka State Road Transport Corporation (KSRTC) on Saturday bagged Skoch national award for its implementation of "Sarige Sanjeevini" - heart related screening and treatment for employee's initiative.
In a statement, KSRTC said that SKOCH Group India is an independent think tank industry based in Delhi established in 1997, which has instituted SKOCH awards in 2003 for best governance, finance, technology and inclusive growth.
SKOCH group selects the projects for awards based on benchmark performance and outcome.
"Today, in an award felicitation function organised by SKOCH in New Delhi, Sameer Kochar, president, SKOCH Group and Dr Gurusharan Dhanjal, vice president, SKOCH Group presented the award to Venkatesha T, Chief Law Officer and Ashraf K M, Chief Personnel Manager, KSRTC," it said.
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GST Council clarifies on popcorn taxation
Jaisalmer, Dec 21: The GST Council on Saturday agreed to issue a clarification on the taxation of popcorn, stating that pre-packed and labelled ready-to-eat snacks will attract a 12% tax, while an 18% GST will be levied if the popcorn is caramelised.
There is no change in the tax rate for popcorn, and the GST Council has decided that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime for popcorn.
"Ready-to-eat popcorn," which is mixed with salt and spices and has the essential character of namkeens, currently attracts a 5% GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12% GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionery, and it would therefore be classified under HS 1704 90 90, attracting an 18% GST, as per the clarification.
