Pre-packed food items should attract nominal GST: Panel
The Morning Standard|June 29, 2022
THE GST Council on Tuesday accepted the interim report of the group of ministers (GoM) on rate rationalisation headed by Karnataka Chief Minister Basavaraj S Bommai. The panel also cleared extension to the GoM, State sources told TNIE.
MONIKA YADAV
Pre-packed food items should attract nominal GST: Panel

The decision comes at a time when issues regarding revenue leakage due to the subjective nature of the term ‘branded’, were raised.

As per panel’s recommendation, the pre-packed and labelled and other items like curd, lassi, puffed rice should attract nominal GST.

“The GoM’s opinion was that the exclusion condition for such exemptions should be simplified by replacing the term ‘branded’ with the deterministic condition of being ‘pre-packaged and labelled”, source added.

هذه القصة مأخوذة من طبعة June 29, 2022 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 29, 2022 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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