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Packaged food companies pitch for reducing GST rates on commonly-used food products


Packaged food companies pitch for reducing GST rates on commonly-used food products
January 19, 2021
A 12 per cent GST is levied on branded or packaged snack foods against 5 per cent on unbranded ones   -  REUTERS
A 12 per cent GST is levied on branded or packaged snack foods against 5 per cent on unbranded ones   -  REUTERS×
Need to review tax structure in line with Atmanirbhar vision, says processors’ body
The All India Food Processors’ Association (AIFPA), the leading industry body that represents packaged food companies, has urged the Finance Minister and the GST Council to reduce rates on branded snacks, ready-to-cook and ready-to-eat food products besides other commonly used food items. Stating that time is ripe to review the GST structure on food products in line with the Atmanirbhar vision, it has also recommended that processes used for securing perishable fruits and vegetables in a storable form for industrial use should attract zero per cent ....

Nirmala Sitharaman , India Food Processor Association , All India Food Processor Association , Finance Minister , Finance Minister Nirmala Sitharaman , Gst Council , இந்தியா உணவு ப்ரோஸெஸர் சங்கம் , அனைத்தும் இந்தியா உணவு ப்ரோஸெஸர் சங்கம் , நிதி அமைச்சர் , க்ஸ்ட் சபை ,

Welcome To IANS Live - BUSINESS - Un-fried 'Fryums' not 'Papad', hence taxable at 18%


Photo Credit: IANS
IANSLive
New Delhi, Jan. Jan 18 (IANS) The good old traditional snack food papad or pappadam , as it is known in south India, cannot be equated with packaged ‘un-fried fryums and cannot have similar tax treatment, the Authority for Advance Rulings (AAR) has ruled.
To get full access of the story, click here to subscribe to IANS News Service
© 2021 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.
For news, views and gossips, follow IANS at Twitter.
Update: 18-January-2021 ....

New Delhi , Authority For Advance Rulings , News Service , India Private , Advance Ruling , All Rights , புதியது டெல்ஹி , செய்தி சேவை , இந்தியா ப்ரைவேட் , அனைத்தும் உரிமைகள் ,

Welcome To IANS Live - TopStory - Un-fried 'Fryums' not 'Papad', hence taxable at 18%


Photo Credit: IANS
IANSLive
New Delhi, Jan. Jan 18 (IANS) The good old traditional snack food papad or pappadam , as it is known in south India, cannot be equated with packaged ‘un-fried fryums and cannot have similar tax treatment, the Authority for Advance Rulings (AAR) has ruled.
To get full access of the story, click here to subscribe to IANS News Service
© 2021 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.
For news, views and gossips, follow IANS at Twitter.
Update: 18-January-2021 ....

New Delhi , Authority For Advance Rulings , News Service , India Private , Advance Ruling , All Rights , புதியது டெல்ஹி , செய்தி சேவை , இந்தியா ப்ரைவேட் , அனைத்தும் உரிமைகள் ,