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GST ON AERATED BEVERAGES
Beverage makers seek 18 pc slab, removal of sin tax in new GST regime citing mass consumptionThe Indian Beverage Association requests a GST reduction on aerated drinks. They propose lowering it to 18 percent. This move aims to boost...- 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...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Retailers urge FM and GST Council not to go for higher 35 pc tax rateThe Indian Sellers Collective urges the Finance Minister and GST Council to reject proposals for a 35% GST slab on certain products. They a...
- 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 ...
- Cigarettes, tobacco items, aerated beverages may attract higher 35% GST; decision on Dec 21Tobacco GST Hike: The Group of Ministers on GST rate rationalisation decided to increase tax on aerated beverages, cigarettes, and tobacco ...
- 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...
- ITC shares fall 3% as GST on cigarettes may be hiked to 35%ITC share price: Shares of companies like ITC and Godfrey Phillips fell as the GoM decided to increase GST on tobacco and aerated beverages...
- Coca-Cola brass to visit India this week with a 200-member teamCoca-Cola CEO James Quincey and a team of executives are visiting India to explore growth opportunities. They will meet government official...
- 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...
- 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',...
- 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...
- 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...
- 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...
- 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.
- 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%.
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