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GST ON PREPACKAGED FOOD
GST Council meet: From no GST on penal charges by banks, NBFCs for loan defaults to 5% GST on new EVs & more; Here are top 10 outcomesThe GST Council lowered the compensation cess rate for merchant exporters to 0.1% and reduced the tax on fortified rice kernels to 5%. The ...- SEZ units set to get refund of cess on importsThe Centre will refund the compensation cess levied on imported goods under Goods and Services Tax (GST) to businesses operating in special...
- NAA investigating 250 retailers for 'profiteering'The National Anti-profiteering Authority (NAA) is "internally" investigating around 250 retailers following complaints that they raised pri...
- Behind the fuss about GST on essential items: Two sides of the same coinThe levy of GST on essential items such as pulses, cereals, and rice has led to an uproar that it'll lead to a rise in prices and impact th...
- 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...
- 'Cruel' to hike GST on some essential items of consumption, it'll increase inflation, says CongressHe said "branded and labelled" is very different from "pre-packaged and labelled", as the former refers only to products of big companies p...
- 'Cruel' to hike GST on some essential items of consumption, it will increase inflation: Congress"Above all is the timing. It is cruel to raise tax rates when CPI (consumer price index) inflation is over 7 per cent, WPI (wholesale price...
- No GST on items sold by Kudumbashree, small stores: Kerala Finance Minister"The state will not impose GST on items sold by Kudumbashree and small stores in one or two kg packets or loose. Even if this leads to any ...
- Companies make over 25 kg packs to avoid 5% GSTThe CBIC on Sunday clarified that pre-packaged food items weighing more than 25 kg in a single packet would be exempted from GST. The 5% le...
- Misuse of exemption led to 5% GST on prepackaged food: FM Nirmala SitharamanShe added that the government was receiving complaints from suppliers and industry bodies and they wrote to the government to impose GST un...
- Pre-packaged food set to become dearer by 5-8%The levies come at a time when commodity costs had been cooling down, which had led companies to state they would not increase prices furth...
- 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...
- CBIC clarifies ambiguity on GST on pre-packaged items, new rates from MondayAlso the clarification said that if several packages intended for retail sale to the ultimate consumer, say 10 packages of 10 Kg each, are ...
- 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 packed curd, paneer from MondayThe Central Board of Indirect Taxes and Customs on Thursday notified the decision of the GST Council on ending tax exemption for products i...
- 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 ...
- Pre-GST medicine stocks can be relabeled with revised MRPs: CDSCOSo far, chemists had been selling old stocks of medicines at their pre-GST MRPs and pharma companies were expected to declare the new MRPs ...
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