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
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
?Ghee likely to get costlier under GST
Cow ghee contributes 15%, estimated at Rs 1,467 crore, to Patanjali’s overall revenue
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 rate of more than 6%.
?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
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.
?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 leviable' to tax under GST.
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.100/- per Kg.
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 State for Food Processing Sadhvi Niranjan Jyoti said.