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Reduction in tax levied on packaged food items from 18% to 12% by GST Council

By |June 21st, 2017|News Flash|Comments Off on Reduction in tax levied on packaged food items from 18% to 12% by GST Council

Following a revision of the tax slabs by the Goods and Service Tax (GST) Council, the 18 per cent tax levied on several packaged food items was reduced to 12 per cent. Finance minister Arun Jaitley said, “Fruit and vegetable products, such as pickles, spreads, ketchup and mustard sauce, and instant food mixes, have […]

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F&B sector terms processed food rates fixed by GST Council detrimental

By |May 22nd, 2017|News Flash|Comments Off on F&B sector terms processed food rates fixed by GST Council detrimental

The food and beverage industry has called rates for processed food and beverages fixed by the Goods and Service Tax (GST) Council detrimental to the growth of the industry and sought a review of the rates.

Industry insiders stated that most of the proposed rates were in contradiction of the rates recommended by the ministry […]

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