Har Ghar Tiranga: No GST on sale of nationwide flag, says Finance Ministry | Economy News

New Delhi: Sale of the Indian nationwide flag, no matter whether or not machine made or of polyester, is exempt from the Goods and Services Tax (GST), the finance ministry stated on Friday. Hand-woven, hand-spun nationwide flags made from cotton, silk, wool or Khadi are already exempt from GST.

In an workplace memorandum, the Revenue Department clarified that polyester or machine-made tricolor too could be exempt from the levy following amendments to the ‘Flag Code of India, 2002’ in December final yr. (ALSO READ: Massive layoffs at Ola! Company sacks 500 workers in value chopping train)

“It has been clarified that the sale of the Indian National Flag, adhering to the Flag Code 2002 and its subsequent amendments, is exempt from GST,” tweeted Finance Minister Nirmala Sitharaman’s workplace. (ALSO READ: Gold value right now, July 9: Gold costs stay unchanged, Check gold fee in Delhi, Patna, Lucknow, Kolkata, Kanpur, Kerala and different cities)

The clarification from the finance ministry comes within the backdrop of the ‘Har Ghar Tiranga’ initiative underneath the ‘Azadi ka Amrit Mahotsav’ — celebrating 75 years of India’s independence.

It envisages inspiring Indians all over the place to hoist the nationwide flag at their residence. The thought behind the initiative is to invoke the sensation of patriotism within the hearts of the individuals and promote consciousness about our nationwide flag.

The Flag Code of India brings collectively all legal guidelines, conventions, practices, and directions for the show of the nationwide flag.

The Flag Code of India, 2002 was amended in December 2021, and tricolor made from polyester or machine-made flags have been allowed.

Now, the tricolour might be made from hand-spun and hand-woven or machine-made, cotton/polyester/wool/silk/khadi bunting.

Source hyperlink

Leave a Reply

Your email address will not be published.