New Delhi, Sep 4
Ahead of the festive season, the GST Council, led by Union Finance Minister Nirmala Sitharaman, has announced significant reduction or tax exemption on several food items, packaged food and daily essentials.
UHT milk, paneer, pizza bread, rotis, and khakhras will now have zero tax after GST 2.0, reduced from 5 per cent. Parathas and parottas, previously taxed at 18 per cent, are now in the nil bracket.
GST on key dairy items like butter, ghee, and cheese has decreased from 12 per cent to 5 per cent. Prices for condensed milk and various packaged foods, including jams, sauces, pickles, and fruit juices, will come down.
Dry fruits and nuts, including almonds, cashews, pistachios, and dates, will now be taxed at 5 per cent instead of 12 per cent. Biscuits, cakes, chocolates, cornflakes, soups, and ice cream will also see a tax reduction to 5 per cent from 18 per cent.