GST Council proposes to Amend Definition of Pre-Packaged and Labelled to Cover all Commodities Intended for Retail Sale: FM

The GST Council has proposed amending the definition of "pre-packaged and labelled" to cover all commodities intended for retail sale. This proposal is part of the ongoing effort to streamline GST applicability on pre-packaged goods. The change would bring more commodities under the GST framework, ensuring consistency in how goods are taxed at the retail level. By broadening the scope of the definition, the council seeks to eliminate ambiguity and improve tax compliance. This proposed amendment aims to simplify GST procedures for businesses involved in packaging and retail, ensuring that all pre-packaged goods are taxed uniformly. The council expects this change to boost transparency and reduce compliance challenges in the retail sector.