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SUGAR BASED TAXATION
Karnataka to end alcohol price controls from April 2026Karnataka is set to overhaul its liquor tax system. Chief Minister Siddaramaiah announced reforms including an alcohol-content-based duty s...- Union Minister Joshi blames price increases by Siddaramaiah for cane farmer crisisUnion Minister Pralhad Joshi has blamed Karnataka for the sugarcane farmer crisis. He stated that state government policies are financially...
- 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...
- 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...
- 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'...
- Taxation of 40% on carbonated beverages hampering innovation: Indian Beverage Association’s JP MeenaIndia's beverage industry, facing a 40% GST on carbonated drinks, advocates for tax rationalization to spur innovation, job creation, and i...
- Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
- Non-alcoholic beverage market likely to hit Rs 1.47 lakh cr by 2030, says ICRIER reportAccording to the report by economic policy think tank ICRIER, "the size of the market was estimated at Rs 671 billion (Rs 67,100 crore) in ...
- Sugar supply runs dry as wholesalers await GSTSlack demand dragged mill level sugar prices down by about 3 per cent in June.
- Supply chain units of big firms to be more efficient under GSTFMCG products are also expected to become cheaper, as they will be taxed at 18%, compared to 28% at present, once the GST implementations h...
- Coca-Cola India head Venkatesh Kini quits, Krishnakumar to replace himKrishnakumar is currently CEO and South West Asia Regional Director of Hindustan Coca-Cola Beverages (HCCB), the bottling arm of the compan...
- 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...
- Coca-Cola India chief Vekatesh Kini dismisses concerns of sugar and attritionSpeculation has been rife that at least a couple of senior officials are leaving the Indian unit of the world’s largest fizzy drinks maker....
- Budget 2016: Impose more taxes on alcohol, tobacco products, says K Srinath Reddy, PHFI PresidentThe finance ministry should impose heavier taxes on tobacco, sugared beverages and junk foods in Budget 2016, says K Srinath Reddy.
- Sugar mills demand abolition of purchase taxThe delegation sought the abolition of purchase tax on sugar cane under the Punjab VAT Act with effect from the crushing season of 2013-14.
- Budget 2013 Impact: Service tax relief on freight may ease pressure on prices of soaps, tea, sugarEssential food items and discretionary products may get cheaper as a result of some service tax exemptions proposed in the Budget.
- Murugappa group PBT up 29% at Rs 1354 cr in FY 10Taking on a challenging economic environment, the family owned diversified Murugappa group lifted its profit before tax by 29% to Rs 1354 c...
- Unified levy system for broadcasting on cardsThe broadcasting sector, which also includes DTH players and cable TV operators, is likely to see the advent of a unified levy system.
- Mauritius wants DTAA sops to stayMauritius is leaving no stone unturned to ensure continuance of benefits under its double taxation avoidance agreement (DTAA) with India. A...
- Mauritius offshore sector cheers Indian tax rulingThe heavy flow of investment to India via Mauritius is likely to swell after India's Supreme Court this month upheld tax exemptions for fir...
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