India tax panel may consider lowering GST on online food delivery fees, report says

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India tax panel may consider lowering GST on online food delivery fees, report says

^{Published on 2024-12-16 10:40:49 - Reuters}

India's GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, CNBC-TV18 reported, citing sources.

The article from Reuters, published on December 16, 2024, discusses a potential recommendation by India's GST Council to lower the Goods and Services Tax (GST) on online food delivery fees. Currently, these fees are taxed at 5%, but there is a proposal to reduce this rate to 3%. This suggestion comes in response to the significant growth of the online food delivery sector in India, which has seen increased competition and pricing pressures. The move aims to make online food delivery more affordable for consumers, potentially boosting the sector's growth further. The GST Council, which includes state finance ministers, is expected to discuss this and other tax-related issues in their upcoming meeting.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/india/india-tax-panel-may-consider-lowering-gst-online-food-delivery-fees-report-says-2024-12-16/ ]

N@N

India tax panel may consider lowering GST on online food delivery fees, report says