GST Council may lower the tax on food delivery charges by e-commerce operators to 5% from 18%

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India

GST Council May Slash Tax On Online Food Delivery Charges To 5%: Report

Media Bias/Fact Check

Mukesh Ambani

The GST Council is expected to address taxability issues related to food delivery services in its upcoming meeting on Dec. 21. The discussion will focus on platforms such as Swiggy and Zomato and the proposed Goods and Services Tax on delivery services provided by their partners.The Council may clarify whether delivery services should attract a 5% GST without input tax credit, aligning with the rules for "restaurant services" that have been in e…

NDTV Profit

GST Council Likely To Clarify Tax On Food Delivery Services

Zomato and Swiggy shares are in focus today following reports suggesting a potential reduction in GST on food delivery services. According to CNBC sources, the GST Council is likely to discuss a proposal to lower the tax on delivery charges by e-commerce food platforms from 18% to 5% without input tax credit (ITC). Currently, food delivery services managed by platforms such as Zomato and Swiggy are taxed at 18%, with no input tax credit availabl…

Business Upturn

Zomato, Swiggy shares in focus today as media reports suggest potential reduction in GST on food delivery

The Goods and Services Tax (GST) Council is expected to reduce the GST on food delivery charges by e-commerce platforms like Zomato and Swiggy to 5%, down from the current 18%. This tax adjustment, recommended by the Fitment Committee, is likely to be implemented from January 1, 2022.  This change could make food delivery services more affordable for consumers, aligning delivery charges with GST rates on restaurant services.  Impact on E-Commerc…

tezzbuzz

GST On Online Food Delivery Can Reduce To 5% From 18%

The Goods and Services Tax (GST) Council will reportedly consider lowering the tax levy on online food deliveries to 5% from 18% currently during its next meeting on December 21.  Citing sources, CNBC-TV18 reported that the foodtech companies will not be eligible to avail input tax credit (ITC) on delivery charges. As per the report, the Council’s fitment committee plans to propose a reduction in GST rates with effect from January 1, 2022.  With…

Inc42 Media

GST Council Likely To Slash Tax On Online Food Deliveries To 5%

According to reports, at its upcoming meeting on December 21, the Goods and Services Tax (GST) Council will discuss reducing the tax rate on online food deliveries from the current 18% to 5%. According to reports cited by a media outlet, foodtech businesses will not be able to claim the input tax credit (ITC) for delivery fees. According to the report, the Council's Fitment Committee intends to suggest lowering the GST rates, which would take ef…

StartupTalky

GST Council Considers Tax Reduction on Online Meal Delivery

GST Council May Reduce Tax on Food Delivery to 5%: What It Means for Consumers and Companies The Goods and Services Tax (GST) council is likely to consider the reduction of tax on food delivery services. According to sources, food delivery apps like Zomato and Swiggy may benefit from this new tax cut, with GST […]

studycafe.in

GST Council May Reduce Tax on Food Delivery to 5%: What It Means for Consumers and Companies

India's tax panel is reportedly considering a proposal to reduce the goods and services tax (GST) on food delivery charges from 18% to 5%.The post India’s tax panel may cut GST on online food delivery charges appeared first on Verdict Food Service.

GST Council May Slash Tax On Online Food Delivery Charges To 5%: Report

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