5% GST likely on packaged food awaiting trademark

Packaged food products sold under names that are yet to receive trademark confirmation could attract a goods and services tax ( GST ) rate of 5 per cent, ending the exemption they enjoy now. The GST Council is likely to treat brands for which a company has already made an application for a trademark akin to a branded product to plug misuse of the provision by companies to stay exempt. "We are look…