INDIA REDUCES GST ON FOOD ITEMS

THE Indian processed food industry has welcomed the government’s decision to reduce the newly announced Goods and Services Tax rates on several food products from 18% to 12%. Last Sunday (11 June), India’s GST Council - comprising central and state governments –  agreed to revise the new tax rates for pickles, chutney, sauces, instant food; mixes; curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings bringing it down to 12%. “Meat, fish and dairy products were all at 12%, so what they have now done is to get all the fruits ...


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