The National Anti-profiteering Authority (NAA) under GST has held an Uttar Pradesh-based dealer of Maggi noodles guilty of indulging in profiteering.
Presently, restaurants are levied a 5% GST, however, they can’t claim the input tax credit against the tax they paid on raw materials and other…
National Anti-Profiteering Authority (NAA) has dismissed a complaint against a Subway franchisee.
The international businesses remained flat due to slow-down in geographies like Middle East and Africa, Britannia said.
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Anti-profiteering provisions make it compulsory for companies to pass on any benefits from a lower GST rate to consumers.
Food delivery services are taxed at 18% which the restaurants have to pay.
Pernod, maker of Imperial Blue and Royal Stag whisky, has strategic international brands which include Absolut Vodka and Chivas Regal Scotch.
The Ministry also noted that if schools up to higher secondary level supply food directly to students, the same would be exempt from the GST.
Grofers partnered with major brands and suppliers to stock up extra in order to resolve any availability concerns for the customers
Other key reconsiderations suggested by HRAWI included making the Integrated Goods and Service Tax (IGST) available for tourism accommodation services
Some members of the National Restaurants Association of India complaining about the government’s decision to withdraw input tax credit
Currently 12 per cent GST on food bill is levied in non-AC restaurants and 18 per cent in air conditioned ones
Under the previous rates if any part of a restaurant has an air conditioner 18 per cent is charged as the GST
Menu has been especially curated so that there are not just the pastries but sandwiches baguettes croissants
Only 5% GST was imposed on peanut brittle, whereas 18 per cent GST was levied on pizza served at restaurants and 5% on pizza breads that can be used in homes or eateries
This sale was supposed to be held on Tuesday and Wednesday, but was postponed due to the billing issue on how to raise GST (both CGST and SGST) invoice after auction is complete.
The order is applicable for unsold stocks up to July 1. New revised MRP declaration can be done through stamping, putting sticker or online printing.
The ministry stated, "GST rate of five per cent will not be applicable on the supply of goods unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999."
However, a 600ml bottle of a cola brand in a food joint cost Rs 60, with GST component cited at 18%. But the same sized bottle is available in a departmental store for Rs 35, though the GST cited is 40%.
Tax levied on chocolate would come down from 30% to 28%, while there would be only 18% GST on pasta, cake, pastry and pizza, which is less than the present rate. Cooked meat, mineral water and non-alcoholic drinks would cost less too
Producers of pickles, jam, tomato ketchup, however, complained that GST had raised the taxation level and said sales had slumped after the onset of the new regime.
Under GST, which got implemented from June 30 midnight, there will be no tax on fresh milk
The minister has also forwarded Coca-Cola India's demand not to include fizzy drinks in the 'sin' category under the GST
Cow ghee contributes 15%, estimated at Rs 1,467 crore, to Patanjali’s overall revenue
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