Britannia rues lack of consumer demand

December 12, 2017 |by indiafood forum | Comments Off on Britannia rues lack of consumer demand | FOOD & GROCERY | ,

Britannia rues lack of consumer demand

More than a year after demonetisation and six months since the GST was implemented consumer demand still remains sluggish with no immediate signs of uptick and people not feeling “bullish,” biscuit maker Britannia said…READ MORE

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GST impact: Fake brands of packaged food flood market

December 11, 2017 |by indiafood forum | Comments Off on GST impact: Fake brands of packaged food flood market | FOOD & GROCERY |

GST impact: Fake brands of packaged food flood market

With the packaged food industry taking a hit because of the GST burden, businesses from across India applied for deregistration in a bid to escape the tax. Popular trademarks went off the shelf overnight and manufacturers began selling products under new, unregistered trademarks…READ MORE

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Government rules out review of GST for restaurants

December 4, 2017 |by indiafood forum | Comments Off on Government rules out review of GST for restaurants | FOOD SERVICE |

Government rules out review of GST for restaurants

The government has ruled out the possibility of any review in the goods and service tax (GST) regime for restaurants, amid intense lobbying by a section of the eateries to restore the benefit of input tax credit (ITC)…READ MORE

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Restaurants, realty firms under watch as govt receives 31 complaints after Nov 15 for not passing GST rate cut benefit to consumers

November 29, 2017 |by indiafood forum | Comments Off on Restaurants, realty firms under watch as govt receives 31 complaints after Nov 15 for not passing GST rate cut benefit to consumers | FOOD SERVICE |

The government has received 31 fresh complaints under GST’s anti-profiteering mechanism, for not passing on to consumers a reduction in price after rate of over 200 items were cut less than two weeks back…READ MORE

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GST reshaping FMCG logistics into modern business, says study

November 29, 2017 |by indiafood forum | Comments Off on GST reshaping FMCG logistics into modern business, says study | FOOD & GROCERY |

Trade and industry may have faced teething troubles from the Goods and Services Tax (GST) but the entire business landscape of FMCG (fast moving consumer goods), retail and logistics is going to be transforming into modern and efficient model with introduction of uniform tax regime…READ MORE

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Steps taken to pass on rate cut gains: FMCG companies

November 27, 2017 |by indiafood forum | Comments Off on Steps taken to pass on rate cut gains: FMCG companies | FOOD & GROCERY | , , , , ,

Consumer goods companies including Nestle, Dabur, ITC and Amul have assured Central Board of Excise and Customs (CBEC) chairperson Vanaja Sarna that they have passed on the recent reduction in goods and services tax (GST) rates to consumers by lowering prices…READ MORE

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Dining at star hotel? Pay 18% tax on food

November 24, 2017 |by indiafood forum | Comments Off on Dining at star hotel? Pay 18% tax on food | FOOD SERVICE |

People booking rooms in high-end hotels are in for an unpleasant surprise. They clarified that if a hotel has a range of rooms with tariff below and above Rs 7,500, all customers dining in restaurants at such hotels will have to pay 18% GST on food bills, even though the room they have booked is under Rs 7,500 per day…READ MORE

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Stickers on existing stock must show GST cut: Govt to FMCGs

November 24, 2017 |by indiafood forum | Comments Off on Stickers on existing stock must show GST cut: Govt to FMCGs | FOOD & GROCERY |

The government has told consumer goods firms and industry stakeholders that new price tags on existing stocks in the trade pipeline should clearly show the difference that the recent cut in GST has made…READ MORE

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Restaurant associations to approach Finance Ministry for input tax credit on rent

November 24, 2017 |by indiafood forum | Comments Off on Restaurant associations to approach Finance Ministry for input tax credit on rent | FOOD SERVICE |

A little over a week after the GST Council slashed rates for restaurants to 5%, restaurants associations are planning to approach the finance ministry on the matter…READ MORE

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Tax department to warn restaurants to cut prices; Pass on benefit of 5% GST to diners

November 23, 2017 |by indiafood forum | Comments Off on Tax department to warn restaurants to cut prices; Pass on benefit of 5% GST to diners | FOOD SERVICE |

After FMCG companies, it is restaurants that the tax department and finance ministry is likely to instruct to cut prices. The government is believed to have taken strong exception to restaurants hiking food prices despite the sharp cut in GST to 5%…READ MORE

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