GST Authorities Drop Rs 5.9 Crore Tax Demand Against Zomato
Numerous GST notices have been sent to the corporation by different national authorities.
Zomato Faces Rs 17.7 Cr GST Demand Order, Plans to Appeal
Zomato further clarified that it had provided relevant documents and judicial precedents in response to the show cause notice, but these appear to…
Zomato Faces GST Tax Demands from Tamil Nadu and West Bengal Authorities
The Tamil Nadu tax authority issued an Adjudication Order under Section 73 of the Central Goods and Services Tax Act, 2017, and the Tamil Nadu Goods…
NAA finds Maggi noodles distributor guilty of profiteering
The National Anti-profiteering Authority (NAA) under GST has held an Uttar Pradesh-based dealer of Maggi noodles guilty of indulging in profiteering.
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Hardcastle Restaurants pulls govt to court over GST credit
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…
NAA dismisses complaint against Subway franchisee
National Anti-Profiteering Authority (NAA) has dismissed a complaint against a Subway franchisee.
Britannia net profit ups 19.41% to Rs 258.08 cr In Q1
The international businesses remained flat due to slow-down in geographies like Middle East and Africa, Britannia said.
Domino's faces anti-profiteering action for not passing on GST cuts
Anti-profiteering provisions make it compulsory for companies to pass on any benefits from a lower GST rate to consumers.
From Swiggy to Foodpanda, online food delivery service firms face GST heat
Food delivery services are taxed at 18% which the restaurants have to pay.
Pernod's India sales Rise by 14% in July-March
Pernod, maker of Imperial Blue and Royal Stag whisky, has strategic international brands which include Absolut Vodka and Chivas Regal Scotch.
Food, drinks in educational institutions to attract 5% GST
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 Annual Revenue Increases To 1000 Crore In 2017
Grofers partnered with major brands and suppliers to stock up extra in order to resolve any availability concerns for the customers
HRAWI Requests Government To Return Input Tax credit
Other key reconsiderations suggested by HRAWI included making the Integrated Goods and Service Tax (IGST) available for tourism accommodation services
Restaurants Association Welcomes New GST rate on restaurants
Some members of the National Restaurants Association of India complaining about the government’s decision to withdraw input tax credit
GST likely to impact profitability of branded basmati rice companies: ICRA
Earlier basmati rice was subject to value-added-tax (VAT) or was tax free in different states. However under GST, basmati rice has been included in the category of branded cereals registered in the Register of Trade Marks, that attract a levy of 5% GST.
?GST not applicable on free food supplied by religious institutions, says Government
However, some of the items and services required for making prasadam would be subject to GST, including sugar, vegetable edible oils, ghee, butter, service for transportation of these goods and so on.
GST would help add new stores in non-metro places: Hardcastle Cafe
The company has brought uniform price by slashing price in southern states where pre-GST taxes were high and by hiking rates in states like Maharashtra.
Union Minister Nirmala Sitharaman denies Pizza being taxed lower than peanut brittle under GST
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
Tea auction in Calcutta starts today
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.
Print new MRP on unsold items or face legal action, says Ram Vilas Paswan
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.
5% GST only on branded cereals registered with the Register of Trade Marks, says Finance Ministry
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."
Restaurants and stores implies different taxes on carbonated drinks
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%.
Junk food, food grains, confectionery items to become cheaper under GST
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
"We don't expect any major change in revenue with implementation of GST", says RS Sodhi
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.