Differential GST for coconut oil a ‘replay’ of 2009 excise move

The Council’s Fitment Committee had recommended that coconut oil, packed and sold in containers less than one litre should be classified as hair oil, and taxed at the 18% rate. The GST Council may have put off a proposal to tax coconut oil sold in pack sizes below one litre at 18% instead of 5% levied on edible oils, but industry observers are puzzled at the idea as similar moves in the pre-GST ta…