GST Council meet outcomes: GST rate cut on fortified rice kernels to 5%; no consensus on ATF and more
- Posted on December 21, 2024
- By Business News Today
- 1 Views
GST Council meet outcomes: GST rate cut on fortified rice kernels to 5%; no consensus on ATF and more
The GST Council lowered the compensation cess rate for merchant exporters to 0.1% and reduced the tax on fortified rice kernels to 5%. The exemption for missile parts was extended. Clarification was issued on popcorn taxation, with pre-packed, ready-to-eat varieties at 12% and caramelized versions at 18%.
