India, Sept. 22 -- Delightful Gourmet Pvt. Ltd. has passed on full benefits of GST rate cut on packaged food products sold under its Licious brand.

With effect from 22 September, the GST rate on ready-to-cook and ready-to-eat categories has been reduced to 5% from 12%, in line with the government's rationalisation move for essential items, according to a statement on Monday. That, Licious claims, makes its packaged foods 45-50% more affordable than dining out.

"The GST rate cut is more than a tax adjustment-it is a structural tailwind for the formalisation and adoption of packaged foods," Licious co-founders Abhay Hanjura and Vivek Gupta said in the statement. "By passing on the benefits in full, Licious is reinforcing transparency and ...