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GST Council Cuts Tax Rate From 18% To 5% On Food & Beverages Served In Cinema Halls — – TheFantasyTimes

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By Jitin Gambhir

GST Council Cuts Tax Rate From 18% To 5% On Food & Beverages Served In Cinema Halls —


GST Council Cuts Tax Rate From 18 To 5 On

Exciting news awaits all movie enthusiasts as the GST Council has made a significant decision to lower the GST rate on food served in cinema halls. This development has been a popular topic of conversation among cinema lovers across the internet, and it appears that their voices have been heard.

The esteemed Finance Minister of India, Hon. Nirmala Sitaraman, has taken the initiative to reduce the GST rate for food and beverages served within cinema halls. Previously, a GST rate of 18% was applicable to F&B, but now it has been reduced to a mere 5%. This reduction will greatly benefit buyers, as it will result in a substantial decrease of 13% in the Maximum Retail Price (MRP) of these products.

“During today’s 50th council meeting, it was explicitly stated that food and beverages consumed in cinema halls will now attract a GST rate of 5% instead of the previous 18%,” affirmed Sanjay Malhotra, Revenue Secretary.

GST Council Cuts Tax Rate From 18 To 5 OnThe breaking news for all cinegoers is that the GST Council has decided to cut the GST rate on food served in cinema halls. It has been a topic of discussion for a while now, and many cinema lovers have been talking about it on the internet. It seems that their requests have finally been heard.

The finance minister of India, Hon. Nirmala Sitaraman, has decided to cut the GST rate on food and beverages served inside cinema halls. The GST applied to F&B was 18%, and the new rates are reduced to 5%. This will be a big relief for the buyers, as the reduction of 13% will reduce the MRP of the product.

“It was clarified by the council today that food and beverages in cinema halls will attract 5% and not 18% GST,” said Sanjay Malhotra, Revenue Secretary in the 50th meeting of the council today.

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