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Blame GST if your glucose biscuit packets feel lighter from July

March 8, 2017 |by indiafood forum | Comments Off on Blame GST if your glucose biscuit packets feel lighter from July | FOOD & GROCERY | ,

The association wants this distinction to continue under the GST, which is to be implemented from July 1…READ MORE

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MSMEs in food processing industry express concerns about impact of GST

December 30, 2016 |by indiafood forum | Comments Off on MSMEs in food processing industry express concerns about impact of GST | FOOD SERVICE | ,

Micro, small and medium enterprises (MSMEs)in food processing sector have raised concerns on the possible impact of goods and service tax (GST) on their businesses, particularly in the light of removal of the Rs1.5-crore threshold for the levy of duty on MSMEs in the manufacturing sector and the proposal to bring it at par with the service sector (whose annual turnover is Rs 20 lakh)…READ MORE

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Goods and Services Tax regime – Consumer Goods may get cheaper

November 4, 2016 |by indiafood forum | Comments Off on Goods and Services Tax regime – Consumer Goods may get cheaper | FOOD & GROCERY | ,

Under proposed regime, tax on most consumer goods will fall from over 30% to 28% and even to 18% in case of certain categories…READ MORE

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Low GST rate should be applicable on processed foods: CII

August 29, 2016 |by indiafood forum | Comments Off on Low GST rate should be applicable on processed foods: CII | FOOD SERVICE | , ,

The daily food needs of common man, that are hygienically processed nutritious food should attract lower Goods and Services Tax (GST) rates than standard rates to keep the prices affordable, industry body CII said in its representation to the government…READ MORE

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GST to benefit hospitality, luxury sectors by lowering cost to consumer

August 9, 2016 |by indiafood forum | Comments Off on GST to benefit hospitality, luxury sectors by lowering cost to consumer | FOOD SERVICE | , ,

Hospitality and luxury industry experts have said implementation of the goods and services tax (GST) will benefit the sectors by lowering costs for consumers and facilitating seamless movement of products across the country…READ MORE

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