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GST ON FLAVOURED MILK
Quiet winner of GST rate rationalisation. Time to think regional? 4 dairy sector stocks, 3 with an upside potential of up to 46%At first glance, the impact of GST rate rationalisation looks like small change. But for some players in the organised sector, the impact c...
Modi's Diwali gift unwrapped: GST reset kicks in, easing pressure on your walletPrime Minister Modi's Diwali gift arrives as GST 2.0 simplifies the tax system, reducing slabs from four to two. Daily-use items become che...
GST rate rationalisation to boost ITC's food divisionITC's food division is set to benefit from the recent GST rate rationalization, making its nutritional products more affordable. The compan...
GST 2.0 gets the green light: What gets cheaper and costlier from September 22?GST Meeting Cheaper, Costlier: The GST Council has approved changes to India's indirect tax structure. Many daily-use goods will become che...
GST 2.0: Biggest gainers and losers of the new tax regimeIndia has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The c...
Candy or cure? Popular digestive Hajmola product faces GST troubleHajmola, a popular digestive tablet, is under GST investigation. Authorities question its classification. They want to determine if it is a...
Softy ice cream mix not dairy produce, attracts 18 pc GST: AARSofty ice cream mix in vanilla flavour, containing 61.2% sugar and 34% milk solids, is not classified as a dairy product and will attract 1...
In preparation for GST rate rationalisation, product categories' fine-tuning beginsThe Central Board of Indirect Taxes and Customs began revising product classifications under GST to simplify the system and reduce tax disp...
High Court rules mango pulp be taxed at 12%Earlier, exporters and businessmen faced problems due to confusion in rates on different forms of mango, like sliced, dried mangoes or mang...
Flavoured milk's a drink, will be taxed, says AAAR rulingGujarat AAAR affirmed the AAR ruling on classification and said that flavoured milk is not milk but a beverage containing milk.
Bibek Debroy decodes the curious case of tax on pizza toppingsWhat is the GST rate on pizzas? There isn't one. That's the point. The GST rate on pizza bread - note the expression - is 5%. But if it is ...
'Pizza topping is not pizza, so will attract a higher GST levy'GST rates on pizzas differ on the basis of how they are prepared and sold. A pizza sold and eaten within a restaurant attracts 5% GST, the ...
Lassi jaisi koi nahi: Flavoured milk is not milk but flavoured lassi is lassi, says AAR rulingUnder the Goods and Services Tax (GST) framework, both milk and lassi are exempt from any tax.But, while flavoured lassi continues to remai...
Lassi exempt from GST, AAR Gujarat rulesA ruling made by the GST Authority for Advance Rulings (AAR-Gujarat) has held that lassi, the fermented milk beverage, is exempt from GST. ...
Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy caseEarlier the Karnataka AAR, in an application of Karnataka Cooperative Milk Producers Federation, had ruled that flavoured milk is taxable a...
Buyer beware! Horlicks comes with a set of challengesThe scramble for Horlicks underlines the immense brand value of the product. GSK’s Horlicks and Boost brands have strong positioning in Ind...
Stock pick of the week: Why analysts are bullish on Parag Milk FoodsStrong profit growth, demand shift towards the organised sector, newer products, rising demand, among other things, has made Parag analysts...
GST did not have a very serious impact on us: Sambasiva Rao, Heritage Foods"Most of the milk, butter milk, lassi, curd are all exempt from GST so we do not see much impact of GST on any products," said Rao.
GST will help lower food inflation by 2 per cent: Radhamohan SinghUnder the GST, agriculture produce from foodgrains, oilseeds, fruits and vegetables, milk, spices, fish, meat, and sugarcane will attract z...
You will have to shell out more for banking transactions from JulyThese services were so far taxed at 15% and the hike in the tax rate means that individuals will have to pay Rs 3 more for every Rs 100 pai...