GST proposal on Prepacked amp Prelabeled Retail Pack of Food Items Big impact

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GST proposal on Prepacked Prelabeled Retail Pack of Food Items? Big impact? By CA Umesh Sharma • Here, we will discuss 47th GST council recommendation with regard to prepacked and prelabeled retail pack of food items. We will also discuss, in form of FAQs, impact of the same on Malls; Kirana Shops; Dall Mills; wholesaler industry; retail industry; agro products; etc. • It is important to note that below discussed points are just a recommendation and the same will be applicable only after issuance of a notification. • 1. What are the recommendations by GST council relating to changes in GST law on food items, grains, etc. ? • It has been recommended to exclude exemption for pre-packaged and pre-labelled retail pack of food grains, in terms of Legal Metrology Act. • 2. What will be the taxability on the food items, grains, etc. and from when this change will be applicable? • GST council has specified that on unbranded food grains which are pre-packaged and pre-labelled retail pack as per Legal Metrology Act, GST will be taxed from 18th July 2022. • 3. What is prepacked commodity and pre-labelled retail pack as per Legal Metrology Act? • Under section 2(1) of the Legal Metrology Act, 2009 defines that ‘pre-packed commodity’ means a commodity which without the purchaser being present is placed in a package of whatever nature, whether sealed or not, so that the product contained therein has a pre-determined quality. • Similarly, pre-labelled retail pack means on any prepacked article there has been written or any mark, stamp print or graphic material pasted. • 4. What is retail pack as per the Legal Metrology (Packaged Commodities) Rules, 2011? • Retail package means the package which are intended for retail sale to the ultimate consumer for the purpose of consumption of the commodity contained therein and includes the imported packages. • 5. What type of food grains may be exempted under the proposed amendment? • Following food grains may be exempted – • • Food items, grains, etc. that are sold in loose or which do not have any mark on the pack; • • Food grains packed and sold in front of the consumer according to the quantity ordered; • • Unregistered branded food grains not falling under the pre-pack pre-labelled retail pack. • • #gstcouncilmeeting #47thgstcouncilmeeting #TextileIndustry #gst • 👉🏻 Download Our Free Android App: • https://play.google.com/store/apps/de... • Follow us - • Website: https://taxguru.in/ • Facebook: / taxguruin • Twitter: / taxguru_in • LinkedIn: / profile • Instagram : / taxguruin

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