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Govt may seek cut in ghee, butter GST
Mint Mumbai
|July 14, 2023
The government may propose reducing goods and services tax (GST) on ghee and butter to 5% from the current 12%, according to government documents reviewed by Mint.
The plan comes as retail milk prices have risen by 10.1% in a year and 21.9% over the past three years due to higher feed and fodder costs for cattle.
The animal husbandry and dairying department has requested the finance ministry to include the proposal in the GST fitment committee, which will then be presented to the GST Council, the federal indirect tax body, for consideration.
This story is from the July 14, 2023 edition of Mint Mumbai.
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