Chocolate with cocoa, grain chips, pastries, ice cream to be imposed on 5 % of 18 %

Sweet indulgence and famous packed foods may become much lighter on the pocket. As part of the continuous rationalization under the GST 2.0, the installation committee recommended that products such as chocolate containing cocoa, grain chips, pastries, and ice cream from the commodity and services tax panel are transferred by 18 % to only 5 %.

If it is approved, this may bring the cheering to consumers, especially with elements such as ice cream and the favorite chocolate between children and youth. Pastries, which are essential for the growing culture and the growing café throughout India, will become much cheaper. Likewise, grain chips, a fast breakfast option for many urban families, can see a sharp decrease in prices, making packed food products easier.

The proposed rationalization stems from the batch of the broader council to simplify the GST frame. While the 18 % segment currently brings the highest share of commodity and services tax revenues, the efforts made is to reduce the burden on collective consumption goods and create a more uniform tax system and a consumer friend. Officials have noted that reducing the rates of nutrients purchased on a large scale will reduce inflationary pressures and comply with the broader goal of simplifying the indirect tax structure.

However, these recommendations are not final. The Commodity and Services Tax Council will receive an invitation to them at its next meeting on September 3 and 4 in New Delhi. If it is wiped, this step can redefine the prices of daily processors and distinguish another step towards the simplified commodity tax system and services.