INTERNATIONAL REGULATORY ROUND UP – INDIAN CONFECTIONERY SECTOR GRAPPLES WITH NEW GST
August 1st, 2017
CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.
India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation.
And for confectionery, the situation is complex. While sugar confectionery will be taxed at 18%, chewing gum and chocolates have ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.