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Demand for Nandini buttermilk skyrockets in Kalyana Karnataka

nandini butter milk sales skyrocket dairynews7x7

As mercury rises, the demand for Nandini buttermilk is going up in Kalayana Karnataka districts as people drink it to beat the heat along with cold water, tender coconut and juices. People have been opting for juice and cold drinks to keep themselves cool during daytime. Along with this, people are also buying buttermilk, which […]

Amul converts complete range of Buttermilk into probiotics

Amul converts complete range of Buttermilk into probiotics - Dairy News 7X7

The commodity segment has driven the maximum business growth for Amul and given the company surpluses with double-digit volume growth coming from across categories, says Jayen Mehta. The MD of Amul spoke to e4m Editor Naziya Alvi Rahman about the brand’s big launches this year, expansion to newer countries and his turnover plans for the […]

GST impact ‘marginal’ on dairy, agro items: Finance Minister

GST impact ‘marginal’ on dairy, agro items: Finance Minister - Dairy News 7X7

Finance Ministry has said that the net impact of GST on various dairy and agro products would be ‘marginal’ because of Input Tax Credit. It also acknowledged receiving petitions for re-consideration of GST on such items. “In case of pre-packaged and labelled form of such commodities, considering that the taxpayer will get input tax credit […]

Firms not passing on ITC in prepacked Dairy may face profiteering charges

Firms not passing on ITC in prepacked Dairy may face profiteering charges - Dairy News 7X7

Companies not passing on the benefit of Input Tax Credit (ITC) on pre-packaged dairy and agro items may face profiteering charges. Experts say prices of such products need not go up by a flat 5 per cent because of ITC. One of the responses in an FAQ (Frequently Asked Questions) issued by the Central Board […]

Will ask traders not to pass on 5% GST on dairy products to consumers

Will ask traders not to pass on 5% GST on dairy products to consumers - Dairy News 7X7

Dealers, who were not claiming the input tax credit earlier, can get it reimbursed now Chief Minister Basavaraj Bommai, who also heads the Group of Ministers (GoM) on GST rate rationalisation, announced here on Monday that he will ask traders not to pass on to consumers the 5 per cent GST levy on dairy items, […]

GST on Paneer will hit the cottage industry and dairy lovers alike

GST on Paneer will hit the cottage industry and dairy lovers alike - Dairy News 7X7

1. Due to the increase in fodder and fertilizer prices, Indian dairy and cattle farmers have been barely recovering their input costs. 2.With the new GST on cottage cheese and other dairy products, meat and dairy machinery, small farmers of the cottage industry will have to bear the brunt. 3.Experts predict that consumers will also see marginal changes in the prices of milk-related […]

Milma demands Roll back of recently announced gst on fresh milk products

Milma demands Roll back of recently announced gst on fresh milk products - Dairy News 7X7

‘Move to cause severe stress on country’s strained dairy sector’ The Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, has demanded rollback of the GST Council’s decision to impose 5% GST on relabelled and repackaged buttermilk, curd, lassi and paneer, and steeply raise the tax on dairy machinery from 12% to […]

Paneer, Meat, Papad Will Cost You More From July 18.

Paneer, Meat, Papad Will Cost You More From July 18. - Dairy News 7X7

The tax rates on certain goods and services will rise from July 18, including some new products brought into the the tax net, under the Goods and Services Tax (GST), according to the finance ministry after the GST Council meet. The GST Council has accepted the recommendations of a panel of State Finance Ministers and […]

GST rates levied on healthy dairying : buttermilk, curd, lassi and paneer

GST rates levied on healthy dairying : buttermilk, curd, lassi and paneer - Dairy News 7X7

The Goods and Services Tax (GST) Council on Tuesday decided to remove a host of tax exemptions and hike rates for an even larger number of mass-consumption items. It approved a proposal to impose a 12% tax on hotel rooms costing below `1,000 per day and a 5% levy without input tax credit on hospital […]

Govt planning to remove gst exemption on dairy products in phases

Govt planning to remove gst exemption on dairy products in phases - Dairy News 7X7

The Group of Ministers (GoM) formed for GST rate rationalisation met on 17th June 2022, making some key proposals. It shall be placing an interim report before the GST Council, scheduled to meet on 28th and 29th June 2022 at Chandigarh. Sources to media publications claim that the interim report mentions that any of the […]