News & Media 21st Jul 2022
The GST Council in June tweaked norms to impose a 5 percent tax on pre-packaged and labelled pulses, cereals, flour and other items for packs of up to 25 kg. These staples when sold loose continue to be exempt from GST. The Kerala FM has now indicated that the state does not intend to tax staple items sold in 1 or 2 kg packets be self help groups/small stores.
This situation brings to the fore a core debate on the decisions of States versus recommendations of the GST Council. Moneycontrol in its article discusses the implications of this deviation by the Kerala Government with various tax experts. ELP’s tax partner, Kumar Visalaksh has been sought for his opinion on this issue.
Read the detailed article here: Click here
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