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Recently, the @GST_Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc. There have been a lot of misconceptions about this that have been spread, says FM @nsitharaman
@GST_Council @nsitharaman Is this the first time such food articles are being taxed? No. States were collecting significant revenue from food grain in the pre-GST regime. Punjab alone collected more Rs 2,000 cr on food grain by way of purchase tax. UP collected Rs 700 cr, says FM @nsitharaman
@GST_Council @nsitharaman Taking this into account, when GST was rolled out, a #GSTRate of 5% was made applicable on BRANDED cereals, pulses, flour. Later this was amended to tax only such items which were sold under REGISTERED brand or brand on which enforceable right was not foregone by supplier: FM
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