ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Need for Artificial Definitions

Classification of Goods for Taxation

Defining goods is imperative for the purpose of imposing tax at the correct rate since there are different rates of taxes and there are also exemptions. To ward off controversies, statutory definitions have been introduced in many cases. They are binding even if they are artificial in nature. In fact they have to be artificial in many cases because of the very nature of the goods that are sought to be defined. It is advisable to introduce more statutory definitions in the tariff to minimise controversies in regard to classification of goods.



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