GST rates on Food delivery apps to be reduced by the end of February?
Orderbook
Timeline
Overview
About the event
Source of Truth
Official announcement by the GST council
Trading started on
25 Dec, 2024
Event expires on
28 Feb, 2025
Event Overview & Statistics
The GST Council is planning to lower tax on food delivery charges by e-commerce players such as Zomato and Swiggy to 5% from 18%. The tax cut will be applicable retrospectively from January 1, 2022. The reduced tax means that the food delivery companies will no longer be eligible...Read More
Rules
TIME: The event will expire at 11:59 PM on 28 February 2025 or earlier in case the announcements are made. Any announcement after 28 February 2025 shall not be considered.
SETTLEMENT: The event will be settled with 24 hours of expiry.
RULES:
1. Any change in rate on Food delivery...Read More
