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GST FOOD ITEMS
Gold demand drops 70% after sharp duty hike in IndiaDemand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The go...- Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Corrugated box manufacturers warn of severe cost surge, call for price revision and policy supportIndia's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 pe...
- ET Graphics: October inflation eases to record low after GST cutsPrices saw a significant drop in October. This followed a recent goods and service tax rationalisation. Reductions in GST rates lowered cos...
- Economists track GST rate cuts for impact on prices, inflation and festive demandEconomists are closely monitoring the impact of the GST rate cuts, effective Monday, on retail prices and consumer spending this festive se...
- Bikaji Foods, Gopal Snacks, Prataap Snacks shares surge up to 8.5% after GST cuts on namkeenShares of Gopal Snacks rose 8.5% to Rs 354 while those of Prataap Snacks surged by 8% to 877. Meanwhile Bikaji Foods International shares w...
- GST on food items in cinema halls reduced to 5%“The clarification that food and beverages supplied in cinema halls should be taxed at 5% is a welcome step and provides relief to the indu...
- Amid GST rates row, Shashi Tharoor wades into paneer butter masala meme festMany people have been wondering on social media whether paneer butter masala would get costlier with the new GST rates. Tharoor joins the m...
- No need to distort the GST packageGST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain. Exemptio...
- FM Nirmala Sitharaman clarifies on GST rates on certain items, says decision taken to curb tax leakageFinance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The c...
- Centre clears air on pre-packaged food tax, says decision based on consensusThe GoM included members from seven states: Karnataka, Bihar, Goa, Kerala, Rajasthan, Uttar Pradesh, West Bengal, many of which are ruled b...
- People hurt when they needed relief: Varun Gandhi on GST on pre-packaged food itemsThe Union Finance Ministry issued a set of frequently asked questions (FAQs) on the levy of the GST on items ranging from cereals and pulse...
- Delhi CM Arvind Kejriwal demands Centre to withdraw GST on pre-packed, labelled foodA 5 per cent GST rate on pre-packed and labelled food items such as cereals, pulses and flour weighing less than 25 kg kicked in on Monday....
- Kerala opposes 5 per cent GST on pre-packed, labelled food items: Minister tells AssemblyFrom July 18, customers will have to pay 5 per cent GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital roo...
- GST on pre-packed labelled food items to increase traders' compliance burden, raise prices: CAITCAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders' delegation will meet ...
- GST Council may do away with 5% rate; move items to 3% and 8% slabsCurrently, GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract 3 per cent tax. In addition,...
- Common man may find 12% GST rate on food items a bit hard to digestThe GST rate for AC restaurants with bar license is fixed at 18%, but there is no clarity on how much tax AC restaurants without the bars h...
- Raw food items to be exempted under GSTThe council is meeting to thrash out fitment of products and services in various rare slabs. The council has already fixed slabs at 5%, 12%...
- Budget 2016: Government may end excise exemptions for some grocery items in preparation for GSTMore than 300 goods are exempted from excise duty while there’s a blanket exemption for manufacturers with a turnover below Rs 1.5 crore.
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