India GST: The ‘cheesy’ row over pizza toppings tax in India
It can be a challenge to get the right mix of toppings that makes a pizza delicious. An overload of toppings could make the dough soggy and a wrong mix…
Flavoured milk is not milk but a drink containing milk. So pay 12% GST
As per the GST rules, there is no GST on fresh milk, pasteurised milk, curd and lassi. But if you buy flavoured milk, you pay GST of 12%. This is because…
18% GST on ice-cream parlours effective only from Oct 6, 2021
Ice-cream parlours can breathe easy as the Finance Ministry has said that the 18 per cent GST will not take retrospective effect. It also said that fees for entrance exams,…
Traditional sweetmeats or Mithai not confectionery, to attract 5% GST
Traditional Indian sweets cannot be categorised as ‘confectionary’ and malai sweets too may be treated as sweetmeat for applicability of GST, according to the Madhya Pradesh Authority for Advance Ruling.…
Withdraw GST on milk products, say dairy farmers
Dairy farmers from States such as Haryana, Rajasthan, Uttar Pradesh and Kerala held protests here on Wednesday, urging the Centre to revoke the decision to impose a 5% GST on…
GST impact ‘marginal’ on dairy, agro items: Finance Minister
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…
TRS condemns GST on dairy products lik e curd, butter milk and Lassi
By imposing five per cent GST (Goods and Services Tax) on milk and dairy products like curd, buttermilk and lassi, the Central government was increasing the burden on the poor…
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…
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…
Stay packed Stay taxed! Stay Hygienic Stay Foolish !
Today is 18th July 2022. GST of 5% will be levied on healthy and hygienically packed curd, buttermilk, lassi and Paneer from today. Covid-19 created a paradigm shift in the…