However, industry stakeholders have expressed concern over the withdrawal of Input Tax Credit (ITC) benefits for businesses operating within the 5…
For the F&B industry, this shift means essentials such as soaps, toothpaste, and other consumer staples will get cheaper, freeing up household…
The clarification settles a long-standing debate between platforms and the government over whether aggregators are liable to remit tax on delivery…
Numerous GST notices have been sent to the corporation by different national authorities.
Zomato further clarified that it had provided relevant documents and judicial precedents in response to the show cause notice, but these appear to…
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…
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.
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.
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
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%.
Within confectionery, taxation will go up to 18% from 15% for candy, and to 28% from about 22% for gums.
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.
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.
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.
Several brands, including some prominent basmati rice players, had deregistered some of the brands to avoid paying GST.
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.
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.
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