Ahead of the GST Council meeting on 27 August, the All India Food Processors’ Association (AIFPA), an industry body that represents several large and regional packaged food companies, has written to the Ministry of Food Processing Industries as well as the finance minister asking for lower Goods and Services Tax (GST) rates to 5% from the current 12% on packaged food items such as chips, cereals, pickles, ready-to-eat foods, snacks and instant meals, among others.
Source: a2ztaxcorp.com
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