Amul bucked Covid blues, launched 100+ products during lockdown
The adage “necessity is the mother of invention” fits well for brand Amul, which is owned and marketed by the Gujarat Cooperative Milk Marketing Federation (GCMMF). During the Covid-19 nationwide lockdown, which lasted for several months from March 2020, the leading dairy cooperative brand ensured seamless supply of milk and milk products across its markets. At […]
Firms not passing on ITC in prepacked Dairy may face profiteering charges
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 […]
Hatsun Agro reports 12% decline in net profit in Q1
Hatsun Agro Product Ltd, the Chennai-based dairy company, reported a 12 per cent decline in net profit to ₹52 crore in the first quarter ended June 30, 2022 as against ₹59 crore for the same quarter last year. Revenue was up 31 per cent to ₹2,015 crore (₹1,539 crore). For the first time, the company […]
Will ask traders not to pass on 5% GST on dairy products to consumers
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 rate on pre-packaged, pre-labelled dairy & agri products notified
Loose sale continue to be exempted; room rent of ₹5,000 plus in hospital to attract GST Get ready to pay more not just for pre-packaged and labelled curd, lassi, flour, rice etc but also for cutleries. The Finance Ministry has notified GST rates for various goods sold as pre-packaged and pre-labelled beside others. Tax officials have […]
GST rate on pre-packaged, pre-labelled dairy & agri products notified
Loose sale continue to be exempted; room rent of ₹5,000 plus in hospital to attract GST Get ready to pay more not just for pre-packaged and labelled curd, lassi, flour, rice etc but also for cutleries. The Finance Ministry has notified GST rates for various goods sold as pre-packaged and pre-labelled beside others. Tax officials have […]
Licensing rules for dairy and poultry farms to be liberalised in Kerala
Dairy park to come up at Kolahalamedu in Idukki The State government is planning to liberalise the licensing rules for dairy and poultry farms to enhance the domestic production of milk, meat and eggs. Minister for Animal Husbandry and Dairy Development J. Chinchurani told the Assembly on Tuesday that the proposed reforms were expected to […]
₹1,650-cr ‘price difference’ for Banas Dairy’s producers
It is no less than a celebration for Harjibhai Chaudhary, a milk producer at Thavar village in Banaskantha district of North Gujarat, as he will be getting around ₹2.5 lakh in the price difference announced by the district dairy union, Banas Dairy, for its 5 lakh milk producer members on Monday. At the 54th Annual […]
New GST regime on dairy products will hit farmers, entrepreneurs
At a time when cost of dairying is increasing, the Goods and Services Tax (GST) Council decision to impose 5% tax on curd, butter milk, and lassi has come as a dampener for the dairy sector. “Dairy sector is a source of livelihood for people in the lower strata of society. GST on high-demand milk […]
Microplastics: Polluting our blood, foetuses – and dairy and meat we eat
Microplastics are now being found in the meat and dairy we eat every day, according to a new study. A report by environmental non-profit, Plastic Soup Foundation, reveals that 73 per cent of the products they tested contained microplastics – the material left behind when plastics decompose. The research points to plastics being present in […]
