How much percent GST will be levied on pre-packaged and labeled food items?
A) 12 percent
B) 18 percent
C) 7 percent
D) 5 percent
Answer : D
Description :
The new GST rate for pre-packed, labeled food items including rice, wheat, atta, paneer, curd, jaggery, lassi, butter milk, labeled meat (except frozen) and fish has now been fixed at 5 percent. Dried makhana, puffed rice, meslin flour, labeled meat and fish will also attract 5 percent GST. All these items were exempted from GST tax earlier. However, loose, unbranded and unlabelled goods will continue to remain exempted from GST. The new GST rates came into effect from July 18, 2022.
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