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GST rate on namkeens and extruded savoury products cut from 18% to 12%
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Wednesday, 11 September, 2024, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The GST Council has decided to lower the taxes on namkeens and extruded/expanded savoury food products from 18% to 12%.
The decision was taken in the 54th meeting of the council chaired by Finance Minister Nirmala Sitharaman.
"The GST rate of extruded or expanded products, savoury or salted (other than unfried or uncooked snack pellets, by whatever name called, manufactured through process of extrusion), falling under HS 1905 90 30 to be reduced from 18% to 12% at par with namkeens, bhujia, mixture, chabena (pre-packaged and labelled) and similar edible preparations in ready for consumption form which are classifiable under HS 2106 90," reads a statement issued by the council.
The statement added that the GST rate of 5% will continue on unfried or uncooked snack pellets, by whatever name called, manufactured through process of extrusion.
The GST Council also clarified that the reduced GST rate of 12% on extruded or expanded products, savoury or salted is applicable prospectively.
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