Cut GST on edible oils to benefit consumers- Trade body
To ease the burden on end-consumers, the government should reduce GST on edible oil rather than cutting import duty on them, the trade body of local oil milers suggested.
The Gujarat State Edible Oils and Oil Seeds Association (GSEOOSA) has urged the central government to bring down the GST on edible oil to 2-2.5% and raise the duty on their imports to the highest possible levels.
“If the government is serious about reducing rates of edible oil and easing the burden on our consumers, they should reduce GST on edible oils and not the import duty,” said association’s president Sameer Shah. The point was made by Shah in a letter written to Prime Minister Narendra Modi.
