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…
Price of Everyday Dairy Whitener expected to undergo reduction: Nestle
Under GST, which got implemented from June 30 midnight, there will be no tax on fresh milk
Harsimrat Kaur Badal takes up high GST rate on pickles, papad with Finance Ministry
The minister has also forwarded Coca-Cola India's demand not to include fizzy drinks in the 'sin' category under the GST
Proposed GST rates on Sugar, tea, coffee, milk powder lower than present levies
At present, sugar attracts specific central excise duty of Rs 71 per quintal plus sugar cess of Rs 124 per quintal, which translates to ad valorem…
Soft drinks companies likely to be the hardest hit under the new GST structure
Within confectionery, taxation will go up to 18% from 15% for candy, and to 28% from about 22% for gums.
Biscuit industry contributes Rs.3,000 crore to government's exchequer annually
Glucose biscuits retailed at Rs.40 per kg in 1996 and now sell at Rs.70 a kg. These biscuits are available in Rs.2-5 packs.
Low Margins Curtails Production of Glucose, Marie & Milk Biscuits
The Indian Biscuit Industry has demanded complete waiver on Good & Services Tax on ‘Low Price High Nutrition’ (LPHN) Biscuits priced under MRP Rs…
Food processing industry unlikely to have adverse impacts under GST
The government has reduced significantly the taxes, particularly excise on food processing industries from 10 per cent to 6 per cent, Minister of…
De-Registering the food brands could not escape GST
Several brands, including some prominent basmati rice players, had deregistered some of the brands to avoid paying 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,…
"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…
Ghee likely to get costlier under GST
Cow ghee contributes 15%, estimated at Rs 1,467 crore, to Patanjali’s overall revenue
GST makes staying at five-star, dining out more expensive
Under the new GST scheme, low-budget and non AC restaurants will have to charge 12%. Until now, small establishments charged 6% tax
Small restaurants selling liquor cannot opt for GST
One of the restrictive conditions is that the taxpayer opting for this scheme must not be engaged in making any supply of goods which are 'not…


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