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GST ON SOFT DRINKS
Consumer staples sector to face growth normalization in 2nd half of 2026, updates on pricing power and channel efficiency eyedConsumer staples growth momentum is likely to moderate in the second half of FY27 as GST-related benefits phase out and high base effects s...- Grocery, electronics goods sales dip in Sept quarter despite GST boostSales of large grocery packs, soft drinks and electronics declined 5-25% in the September quarter. Consumers deferred purchases anticipatin...
- Indian soft drink industry to rebound next year with 10% growth despite weather disruptions: ReportIndia's soft drink industry is poised for a resurgence, expecting over 10% growth next year after weather-related setbacks. The carbonated ...
- 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%. ...
- 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'...
- 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...
- 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...
- 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',...
- Coke’s India bottling partner posts 4% fall in revenueNet sales are not comparable as turnover in the last fiscal was calculated net of the Goods & Services Tax (GST) since May last year.
- Packaged tender coconut water set to turn dearerIn northern India, which gets its supply of coconuts from the south, the retail price of a 200-ml pack of tender coconut water could rise b...
- PepsiCo chairman D Shivakumar quits, to join Aditya Birla groupShivakumar had joined PepsiCo after having worked at Nokia, prior to which he was with Hindustan Unilever and Philips Consumer Electronics.
- 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...
- 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...
- Caught in the rain, soft drinks and ice-cream companies see sales slipOfficials of soft drink companies and ice-cream marketers said the sales are down about 5% so far in June compared to the same time last ye...
- Prices of soft drinks to increase 5-10%Rs 22,000-crore soft drinks industry is likely to be the hardest hit as the increase in taxes comes at a time when firms' capacity utilisat...
- 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...
- ITC surges 7% on fresh development on GST, upbeat brokersShares of the cigarette major jumped 7.75 per cent to hit a high of Rs 289 on BSE. At this price, the stock was trading 35.22 times its tra...
- FMCG companies back 16-18% GST tax rateA rate of around 18% would spur growth. Consumers would benefit from the lower tax rates and everyone could witness an uptick in demand.
- 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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