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GST
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…
By -
Franchise India Team
Jul 04, 2017 / 1 MIN READ
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
By -
Franchise India Team
Jul 01, 2017 / 2 MIN READ
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
By -
Franchise India Team
Jun 03, 2017 / 3 MIN READ
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…
By -
Franchise India Team
May 26, 2017 / 2 MIN READ
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.
By -
Franchise India Team
May 20, 2017 / 2 MIN READ
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.
By -
Franchise India Team
Mar 08, 2017 / 3 MIN READ
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…
By -
Franchise India Team
Jan 24, 2017 / 3 MIN READ
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…
By -
Franchise India Team
Dec 15, 2016 / 3 MIN READ
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.
By -
Franchise India Team
Aug 07, 2017 / 2 MIN READ
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,…
By -
Franchise India Team
Jul 12, 2017 / 2 MIN READ
"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…
By -
Franchise India Team
Jul 03, 2017 / 3 MIN READ
Ghee likely to get costlier under GST
Cow ghee contributes 15%, estimated at Rs 1,467 crore, to Patanjali’s overall revenue
By -
Franchise India Team
May 26, 2017 / 1 MIN READ
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
By -
Franchise India Team
May 20, 2017 / 2 MIN READ
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…
By -
Franchise India Team
Mar 29, 2017 / 2 MIN READ
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