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GST ON TEA
Assam CM Himanta writes to PM Modi on historic milestone, credits him for transforming state's destinyAssam Chief Minister Himanta Biswa Sarma congratulated Prime Minister Narendra Modi on his record tenure. Sarma presented a letter from Ass...- Higher petrol, diesel prices threaten to rekindle inflation pressures: ReportFuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflatio...
- Vijay alleges conspiracy in Karur stampede, says he too seeks justiceIn a bold address, Vijay, head of Tamilaga Vettri Kazhagam, pointed fingers at orchestrated plots linked to the Karur stampede and the rele...
- Weather plays truant: Darjeeling first flush tea prices fall 34%Entry of cheap Nepalese tea in the market has become a major problem.
- Darjeeling planters claim tea imported from Nepal is not FSSAI-compliantTea from Nepal look similar to Darjeeling tea and even packet tea players and blenders find it difficult to tell them apart.
- Intra-state E-way bill spoils traders’ tea partyThere are thousands of tea lots sold in tea auctions every week.
- Tea planters urge finance commission to provide fund for promotion of tea15th Finance Commission visited Assam and tea planters stated Assam produces 53% of the country’s tea and 13% of world’s tea. Livelihood of...
- Assam tea prices firm up as output goes downIn September 2016, the country had produced 190 million kg of teas.
- Nepal tea getting sold as costly Darjeeling teaTraders said the price rise has also led to an influx of Nepalese tea, which is being sold as Darjeeling tea at a premium price.
- GST issue sorted out for tea auctionThe billing issue relating to imposition of GST at the auction houses has been sorted out, said secretary of Calcutta Tea Traders Associati...
- Sugar, tea, coffee, milk powder to cost less under GSTCurrently, sugar attracts specific central excise duty of Rs 71 per quintal plus a cess of Rs 124, which translates into ad valorem rate of...
- Calculate GST based on sale, not supply: tea plantersWorking capital requirement and interest cost may rise for tea sector once GST is implemented
- Supply chain units of big firms to be more efficient under GSTFMCG products are also expected to become cheaper, as they will be taxed at 18%, compared to 28% at present, once the GST implementations h...
- Assam to secure favourable tax slab for tea under GSTIndia proposes to introduce the GST, which will subsume multiple levies into one tax, helping create an integrated home market in the $2-tr...
- Retain SBI, IndusInd as settlement banks: Tea lobbyRecently, Union commerce minister Nirmala Sitharaman has indicated that a new settlement bank will be brought in which has raised the worri...
- GST impact: Food prices may go up initiallyAgricultural products will be able to reach more areas as trucks carrying perishable commodities will be able to cover longer distances wit...
- Industry wants exemption of tea from GST ambitTea has been defined as an agricultural produce within the definition of the Service Tax Rules.
- GST: Prices of some products will rise, but there will be many benefits as wellAs GST statute bill is set to face test in RS, agri commodity sector remains in dark whether the APMC/ mandi taxes, interstate taxes will b...
- Wagh Bakri eyes Rs 1,150 crore turnover this fiscalWith a better monsoon forecast for this year, the company aims to have a good fiscal after a lean period of 2-3 years. It plans to introduc...
- Tea planters in Assam seeks special rate of GSTTea market is one which is regulated by packeteers and blenders and it isn’t possible for the industry to pass on the burden of higher cost...
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