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Posted Ondate_range 8 July 2016 3:24 PM GMT
Updated Ondate_range 8 July 2016 3:24 PM GMT
Coconut oil, pizza, burger to be costliertext_fields
Thiruvananthapuram: The price of coconut oil, pizza, burger etc. will see an increase with the imposition of tax-related measures in the state budget for 2016-17.
“A 14.5 per cent 'fat tax' on food articles such as burgers, pizzas and donuts, sandwiches and pasta sold through branded restaurants will be levied,” Isaac said.
“A 5 per cent tax each on packaged wheat products, packaged basmati rice and coconut oil, 2 per cent tax on textiles will be imposed,” he said.
The taxation proposals in the budget aim to raise Rs. 805 crores.