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ICE CREAM TAX
India’s consumer demand remains resilient despite Iran war, inflation pressures; FMCG firms stay cautiously optimisticDespite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products remains resilient. Company execut...- For Ice-Creaming Out LoudA fresh face in leadership emerges as the new Chief Minister, pledging to take citizen voices into account while hinting that political amb...
- Rs 65,000 Birthday shock: 19 drinks, 28 starters and 5 pizzas—Bengaluru boy says ‘never celebrating again’A young man in Bengaluru has vowed to stop celebrating his birthday after a recent celebration resulted in a staggering ₹65,208 bill. The e...
- HUL Q4 Preview: Volume recovery or margin illusion? Here's what the consumer giant may show in earningsHindustan Unilever is set to report its March quarter results. Growth is anticipated from increased sales volumes. The demerger of its ice ...
- In war, anything can happen; in investing, only management matters. 6 stocks from different sectors with upside potential of up to 27%Net margin is a useful metric. It tells you how much profit remains after costs, interest, and tax are deducted from revenue. But it does n...
- FMCG sector set for steady Q4 on rural demand and volume growthThe FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...
- Amul hits ₹1 lakh crore in sales; MD says India could be dairy to the world within a decadeAmul's remarkable growth signals a bright future for India's dairy sector. Recent GST cuts are a game-changer, benefiting farmers and consu...
- US Stocks: Unilever shares fall on investor concerns about food business spin-offUnilever shares dropped as investors worried about a potential food business split. This comes soon after the company separated its ice cre...
- Kwality Wall's listing date announced as HUL gets trading approval for demerged entityHindustan Unilever Ltd secured approvals from BSE and National Stock Exchange of India to list demerged ice-cream arm Kwality Wall's on Feb...
- GST reforms: Grocery essentials to be cheaper by nearly 15%Following GST reforms, prices of essential groceries like biscuits, soaps, and noodles are expected to decrease by 10-15%, potentially boos...
- Ice-cream lovers beware: GST body drops a sugar bomb on softy mixThe GST Authority for Advance Rulings - Rajasthan bench ruled that softy ice-cream mix's primary component is sugar, not milk. Thus, it att...
- 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...
- The curious case of GST on ice cream parlours: To tax at 5% or 18%It was expected that the GST regime would resolve this issue and put an end to this controversy. Even though the earlier issues were resolv...
- Ice-cream parlours facing a meltdown over 18% GST levyThe plea stems from the fear of getting notices asking them to pay the higher levy retrospectively from July 1, 2017 — when India moved to ...
- Same GST slab for ice-cream sold anywhere: Finance ministryThe government said a GST of 18% should be levied on ice cream even when they are sold inside a parlour. Earlier, ice creams attracted 5% t...
- GST of 18% applicable on ice creams not 5% from here on: government tells taxmenThe government said that a GST of 18% should be levied on ice creams even when they are sold inside a restaurant. Earlier ice creams attrac...
- Lawyers are smiling as GST set to fuel litigation waveEven before the planned July 1 roll out, about 100,000 indirect tax appeals were clogging India’s judicial system at the end of March, 2015.
- Selling ice-cream is service, must be taxed more: Tax authoritiesThe tax authorities feel that ice-cream served by Amul, Vadilal and a host of others retail vends constitute a service and should be taxed ...
- Higher VAT squeezes cola, ice-cream cos marginsHigher value-added tax (VAT) rates and raw material costs have hit the margins even as sales failed to match the rising temperature, partly...
- Tax authorities seal Top N Town's office in BhopalThe Commercial Taxes Department of Madhya Pradesh has raided the factory and retail outlets of Top N Town, the ice-cream brand of Ramanis.
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