Panel may relook at GST on foods served in cinemas

NEW DELHI:  The GST Council in its next meeting on July 11 may consider increasing the tax rate on items served in the food courts of multiplexes to 12% from the current 5%, according to government sources.  Multiplexes want a higher tax rate as under the 5% rate, they cannot avail of the benefits of input tax credit. “Earlier the fitment committee had rejected the suggestion o…