- Retrospective 5% GST is expected to be applied to food app delivery charges from 2022
- GST Council meeting scheduled for Saturday to discuss this and other tax issues
- Tax on delivery charges by apps like Zomato and Swiggy cannot be collected retroactively
- Proposal includes a tax demand of approximately Rs 750 crore on delivery apps
- GST Council may also reduce tax on gene-modified cell therapy from 12% to nil
- Ready-to-eat popcorn mixed with salt and spices may attract 5% GST, those with sugar could face 18% GST
- No reduction in GST rates for electric vehicle components, remaining at 18% and 28%
- No GST on penal charges by banks and finance companies as regulated by RBI
- Local authorities’ charges for floor space index to builders attract 18% GST with no exemption allowed
Source: timesofindia.indiatimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
