New Delhi, Sept. 15 -- The GST reforms in the food processing and logistics sectors will ensure affordability for consumers, predictability for industry players and competitiveness for India's economy, the government said on Monday.
By reducing rates on essential food items, packaging materials, and transport vehicles, the government has not only simplified taxation but also laid a strong foundation for sustainable growth in food processing, logistics, and allied industries.
Food items like ultra-high temperature (UHT) milk, paneer/chena, breads like paratha/parotta, khakhra, chapati/roti and pizza bread have been exempted from GST. The indirect taxes on packaged food/snacks, chocolates, sauces, juices, coffee, etc. have been reduced to 5...