Home GST Not Making Any Plan To Change GST Charge On Milk Merchandise

Not Making Any Plan To Change GST Charge On Milk Merchandise

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Not Making Any Plan To Change GST Charge On Milk Merchandise

No Plan to Eliminate GST on Milk Products

On Tuesday, Union Minister of State for Finance, Pankaj Choudhary stated that there is no such thing as a plan to take away milk and milk-based merchandise from Items and Providers Tax (GST) as a result of the charges are selected the advice of the GST Council.

There is no such thing as a GST levied on recent milk and pasteurized milk, stated Chaudhary. The charges are specified on the GST Council’s advice that consists of representatives from each the Centre and States.

A concessional 5% GST charge is imposed on milk merchandise corresponding to curd, lassi, butter, and panner which are offered in pre-packaged and labelled kind, apart from ultra-high-temperature milk. Furthermore, a GST of 12% is relevant to butter, ghee, cheese, and condensed milk. These GST charges are collected evenly throughout States.

Rajyasabha member, Kanimozhi Somu raised a query on the proposal to cut back or revoke GST on milk and milk-based merchandise. The ministry replied that GST Council has not advisable such a proposal.

The Minister additional acknowledged that they haven’t acquired any proposal from the GST Council on a complete monetary bundle for dairy farmers. Farmers had been getting monetary help from the Division of Animal Husbandry and Dairying below many schemes.

Learn Additionally:- GST Impression On Dairy Sector in India

Nationwide Programme for Dairy Growth and livestock well being and illness management and dairy processing and infrastructure growth funds are amongst these schemes.

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