Taxation

Industry demands GST rate cut on branded snacks, commonly used food items

The clamour for reducing GST on branded packaged snacks and commonly used food items is rising. The packaged food industry is seeking reduction in GST on ready-to-eat, ready-to-cook and instant food mixes. The industry chamber contended that the anomaly between higher tax on branded or packaged foods and lower tax on non-branded or unpackaged snack foods needs to be eradicated. 

Source- Business Line

Link: https://www.thehindubusinessline.com/news/national/industry-wants-gst-rate-cut-on-branded-snacks-commonly-used-food-items/article34013192.ece

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