Edible oil producers worried over 5% GST

Oilseeds will attract 5% tax under goods and services tax, unlike most other agricultural produce such as grains and pulses that have been exempted under the new regime that is set to be rolled out from July. This has led to worry among edible oil manufacturers over locking up large funds as they will be able to only partially recover the tax they pay on inputs from the output, edible oil and de-o…