India, Dec. 9 -- The Government of India has issued a release:
The impact of recent GST rationalisation on cooperatives, particularly those operating in the dairy, food processing, agriculture and rural enterprises sectors throughout the country, including Madhya Pradesh is as follows:-
Dairy Sector
i. The GST on Milk & Paneer has been made 'nil' and the GST on Butter, Ghee, Cheese, Milk cans etc. has been reduced from 12% to 5%.
ii. The likely impact of the revised GST rates on dairy cooperatives are as follows:-
Food Processing
i. The GST on majority of food items have been revised to 5%. For instance GST on Jams and jellies, Fruit pulp, Fruit juice-based drinks, chocolates, corn flakes, Ice creams, Pastry, cakes, biscuits etc. have...