Why does Ice Cream have an 18% GST rate?
Ice cream, corn flakes, bottled water and toothpaste have an unlikely thing in common. A consumer purchasing these items must pay a Goods and Services Tax (GST)in India at 18%. Other goods to which the 18% rate is applied include pasta, kajal pencil sticks, hair oils or eucalyptus/other essential oils, matchboxes, guns, nuclear reactors and machines for separating isotopes. The apparent reaso…