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CARBONATED BEVERAGES TAX
Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments BankBenchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to c...- Essentials, staples drive Reliance's FMCG business, qcomm push hits retail marginsReliance's consumer goods arm is seeing strong growth. Daily essentials are now its biggest revenue source, bringing in ₹8,800 crore in FY2...
- HC orders lower GST on fruit-based fizzy drinks, not 28%Following a ruling by the Gauhati High Court, carbonated juice drinks are to be taxed at a lower 12% GST rate instead of the previous 28%. ...
- How Budget 2025 can walk the tightrope of India's 'sins'Sin Tax Budget 2025: India’s plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarett...
- Beverage association say taxation "a bottleneck at all levels"The Indian Beverage Association (IBA) expressed concerns over a potential GST rate hike on aerated drinks. Currently, these beverages face ...
- GST on aerated beverages may be hiked to 35%; GST council decision on Dec 21The GoM on GST rate rationalisation has proposed increasing the tax on aerated beverages to 35% from 28% and similarly raising taxes on sin...
- High tax hindering carbonated soft drinks segment in India reach potential: ICRIER reportHigh taxes under India's GST regime are hampering the growth of the carbonated soft drinks sector, despite initiatives like 'Make in India'...
- Taxation of 40% on carbonated beverages hampering innovation: Indian Beverage Association’s JP MeenaIndia's beverage industry, facing a 40% GST on carbonated drinks, advocates for tax rationalization to spur innovation, job creation, and i...
- Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
- CBIC notifies GST hike on green gear including solar panelsSolar panels and modules, bio-gas plants, solar power generators, windmills, solar lamps, tidal waves energy devices or plants and their pa...
- GST: Your carbonated fruit juice-based drink is all set to get costlierThe GST Council in its 45th meeting held in Lucknow has given a new dimension to the entire debate on what should be the tax rate for fruit...
- Regional soft drink companies set to shift to 40% GST slabFacing heat from GST officials for evading taxes on the pretext of adding fruit juice or pulp to their carbonated beverages, local soft dri...
- PepsiCo’s slice to also have a fizzy avatarIndustry insiders said the latest PepsiCo move is a response to the increasing threat that cola majors Coca-Cola and PepsiCo face from low-...
- Coca-cola to introduce soft drinks blended with fruit juiceAn official directly aware of the developments said Coca-Cola’s global leadership team reviewed the upcoming launches for India — the bever...
- Coca-Cola, PepsiCo hit hard by slow growth in soft drinks segmentBuyer preference for non-sugary healthier beverages and a proliferation of B-brands have led to tepid demand, with growth falling to low si...
- Desi fizzy drinks add juice to cut lower GST slabOver the years, small regional players, including City Cola, Jayanti Beverages, Campa Cola and Xalta, have managed to wrest away share from...
- Coke CEO-designate James Quincey may take up sugar tax with PM Narendra ModiThe proposed meeting, which is not yet confirmed, takes place just before the British-born executive assumes leadership of the world’s larg...
- GST rates: Walmart says progressive, cola makers cautiousThe GST council has approved a four-tier GST tax structure of 5, 12, 18 and 28 per cent that aims to lower tax incidence on most goods.
- Pepsi to reduce sugar content in juices and carbonated drinks in India by 2025As part of the initiative, the company will introduce smaller sizes and bring zero-calorie drinks to India.
- Toast to liquor majors; that's the spirit!The alcohol market will zoom by 9% surpassing juices, colas, energy drinks and ready-to-drink beverages.
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