Tuesday, Finance Minister Nirmala Sitharaman used Twitter to explain the GST Council’s 47th meeting’s decisions. The council suggested rethinking the strategy for applying GST to a list of specific food items, such as flour, pulses, and cereals.
The FM emphasised that certain items, such as pulses/daal, wheat, rye, oats, maize, rice, aatta/flour, suji/rawa, besan, puffed rice, and curd/lassi, will not be subject to GST when sold loose and unpackaged or unlabeled.
In a tweet, Sitharaman noted that food products have previously been taxed and that during the pre-GST era, foodgrain was a significant source of revenue for the states. “By way of purchase tax, Punjab alone brought in more than Rs 2,000 crore on food grains. UP received Rs. 700 billion, “She spoke.
All states participated in the GST Council meeting, which resulted in a unanimous decision.