The forthcoming meeting of the Goods and Services Tax (GST) Council is set to reduce the tax rate on certain food items like papad and kachri, even as a hike of the compensation cess on some vehicles is on the cards. At present, the tax on non-fried snacks like papads and kachris, is levied at 18 per cent. The proposal is to remove it altogether or fix it at 5 percent.
Source a2ztaxcorp
