PERSONAL FINANCE
Finance Minister said that the decision to levy tax on pre-packed and pre-labelled items was taken by GST Council as a whole and not one member.
After an uproar over imposing a 5 per cent GST on pre-packaged and pre-labelled items from Monday, Finance Minister Nirmala Sitharaman on Tuesday clarified that these items, when sold loose will not attract any Goods and Service Tax (GST).
The items including rice, pulses, etc, are at the moment falling under the ambit of the GST.
The Finance Minister in a series of 14 tweets said that the decision to levy tax on pre-packed and pre-labelled items was taken by the GST Council as a whole and not one member.
“The GST_Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre-labeled. They will not attract any GST. The decision is of the @GST_Council and no one member. The process of decision making is given below in 14 tweets," she said.
The @GST_Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre labeled.
They will not attract any GST.
The decision is of the @GST_Council and no one member. The process of decision making is given below in 14 tweets. pic.twitter.com/U21L0dW8oGNirmala Sitharaman (@nsitharaman) July 19, 2022
Following items will not attract GST if sold loose
Pulses/Daal
Wheat
Rye
Oats
Maize
Rice
Aata/Flour
Suji/Rawa
Besan
Puffed rice
Curd/Lassi
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