Raw food items to be exempted under GST

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Food grains and raw food items are likely to be exempted to ensure that the common man is shielded from any price rise. 

“There is broad consensus in the council on keeping food grains and raw food items at 0,” said a government official privy to deliberations at the ongoing 14th GST Council meeting here.

More that 98% goods to be fitted in the zero category have been finalised, the official said.

Processed foods such as edible oil, ghee could be kept in the 5% slab. 

The council, which is the apex decision making for the GST, is meeting to thrash out fitment of products and services in various rare slabs. The council has already fixed slabs at 5%, 12%, 18%, and 28%.

Read more at: http://economictimes.indiatimes.com/news/economy/policy/raw-food-items-to-be-exempted-under-gst/articleshow/58733074.cms