GST Meeting: Food and drink in cinema hall cheaper, GST rate on food and beverages reduced from 18 percent to 5 percent

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Everyone likes to eat and drink while watching movies in the cinema hall. Now its enjoyment will increase further. This is because on food and beverage GST The government has decided to reduce the rate from 18 percent to 5 percent. This was announced after the GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman.

5 percent GST on food and beverages in cinema halls

Revenue Secretary Sanjay Malhotra said, it was clarified by the Council today that 5 percent GST will be levied on food and beverages in cinema halls, and not 18 percent. After the meeting, Union Finance Minister Nirmala Sitharaman said, GST rates on raw/non-fried extruded snack pellets were reduced from 18% to 5%. Rates on fish soluble paste reduced from 18% to 5%. Rates on imitation zari thread were reduced from 12% to 5%.

GST exemption for satellite launch services

Union Finance Minister nirmala sitharaman We have offered GST exemption for satellite launch services provided by private organisations. Online gaming and casino will be taxed at 28% and will be taxed on full face value.

Cancer drugs and rare disease drugs out of GST

The Union Finance Minister told that the 50th GST Council meeting took place today. In the meeting, the GST Council has exempted cancer related drugs, drugs for rare diseases and food products for special medical purposes from GST tax.

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