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SOFT DRINKS TAX
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...- Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
- Essentials, staples drive Reliance's FMCG business, qcomm push hits retail marginsReliance's consumer goods arm is seeing strong growth. Daily essentials are now its biggest revenue source, bringing in ₹8,800 crore in FY2...
- Reliance Industries' Q4 profit dips 8% as Mideast war bites at oil businessReliance Industries reported an 8.1% drop in March quarter profit. Geopolitical issues impacted the energy business. However, telecom and r...
- Reliance Retail growth steady as quick commerce drives expansionReliance Retail Ventures Ltd posted modest profit growth as heavy investments in quick commerce impacted margins, despite strong revenue ga...
- 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...
- 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',...
- Lockdown: Soft drink makers face worst quarter ever, large scale write-off on the cardsA top official of a leading bottling company, which has been associated with the soft drinks industry for over two decades said both compan...
- Regional drink brands grow at twice the rate of Pepsi, Coca-ColaBovonto, Jayanti Cola, Sosyo, Runner and Kashmira now have the last say in non-alcoholic beverages market.
- 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...
- 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...
- 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%.
- VAT hike to hit peak season business for hotels & restaurants in MaharashtraVAT on beverages has increased to 25% from the current 20%. This means, a can of beer, which was earlier priced around Rs 300 at restaurant...
- Apex court upholds Pepsico's sales tax exemption claimThe Supreme Court on Monday ruled that soft drinks major Pepsico India Holding was entitled to sales tax exemption of around Rs 70 crore in...
- New York guv proposes ‘iPod tax’New York governor David Paterson’s first state budget threatens to affect just about every New Yorker.
- Coke ups concentrate pricesFor Coca-Cola’s bottlers, the hike in concentrate prices could not have come in a worse season. PepsiCo has not hiked prices of concentrate...
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