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AERATED DRINKS TAX
Beverage companies seek 'sugar-based' tax in line with global modelsThe Indian Beverage Association urges the finance ministry for a sugar-based taxation system, aligning with global standards, ahead of a cr...- 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...
- Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%Varun Beverages share price: Shares of Varun Beverages fell by 5.2% as the Group of Ministers proposed raising the GST rate on aerated drin...
- Remove colas from sin tax: IBA writes to FM, GST Council; says tax treatment 'discriminatory'Aerated drinks are placed in the GST slab of 28% and levied a compensation cess of 12%. Terming the tax slab as 'discriminatory treatment',...
- 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...
- Coca-Cola to launch new range of aerated drinks 35-40% cheaper than Coke or SpriteTargeted at the bottom segment of the market to compete with local brands, the beverages will be among the cheapest for Coca-Cola across ma...
- GST impact: Coca-Cola to raise price of aerated drinksWith a GST of 40% as opposed to current incidence of taxation at 34-35%, aerated beverages like Coke have been "the worst hit category of b...
- GST effect: Coke to hike fizzy drink prices, cut that of KinleyThe company said aerated beverages have been the worst hit category with the proposed tax of 40 per cent under the GST significantly higher...
- GST set for July but what's in it for aam aadmi? Here are 6 points
- 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 Council caps cess on demerit goods at 15%The 15 per cent cess cap would apply on luxury cars and aerated drinks. On pan masala, the cess has been capped at 135 per cent ad valorem.
- Coke, Pepsi say clubbing fizzy drinks in luxury category 'disappointing'Both have been trying to push affordable packs in order to boost consumption in a category that's been posting back-to-back low single digi...
- Budget 2016: Soft drinks industry asks for reversal of excise hikeIndia’s Rs 14,000-crore soft drink industry has requested FM Arun Jaitley to reverse an excise duty increase on aerated beverages proposed ...
- Cola industry stumped by Narendra Modi's juicy idea for aerated drinksPM Modi’s suggestion that at least 2% natural fruit juice be added to aerated drinks is impossible to implement, soft drink industry execut...
- Tax sugarcane farmers, not sugary drinksCoca Cola has protested that if it has to pay such a high tax, it will have to close down several factories and ancillary facilities, costi...
- Proposal of 40% GST on aerated drinks, tobacco could severely hit both sectorsExisting excise duty levied on the Rs 14,000-crore soft drink industry, comprising mainly of Coca-Cola and PepsiCo, is 18%.
- Bubble-breakerAssocham on Monday sought removal of special excise duty on aerated soft drinks, saying it would provide a level playing field to the indus...
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