GST rate rationalisation to boost ITC food division
GST
Dated:- 20-9-2025
PTI
Kolkata, Sep 20 (PTI) The recent rationalisation of GST rates will boost ITC's food division as its nutritional products will become more affordable, a company official said on Saturday.
ITC Limited Executive Director Hemant Malik said the company will pass on the benefits by effecting price cuts across its products.
“The far-sighted GST reforms provide a shot in the arm for ITC foods' overall strategy framework. This will help nutrition reach people by making the products more affordable,” he said.
The Goods and Services Tax (GST) Council recently decided to rationalise the tax rates and have a two-rate structure of 5 per cent and 18 per cent. The
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