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Tax regime
GST likely to impact profitability of branded basmati rice companies: ICRA
Earlier basmati rice was subject to value-added-tax (VAT) or was tax free in different states. However under GST, basmati rice has been included in…
By -
Franchise India Team
Jul 14, 2017
/ 2 MIN READ
HRAWI organises seminar to resolve GST related queries of hoteliers and restaurateurs
The seminar will be open to both its members and non-members, will be addresses by eminent experts who will clarify any doubts regarding the new tax…
By -
Franchise India Team
Jul 13, 2017
/ 2 MIN READ
Hotels, Restaurants should reduce prices of food items after GST, says Hasmukh Adhia
GST will be levied on entire sum of food bill, including service charge, in a restaurant, while the value of alcohol or alcohol products consumed…
By -
Franchise India Team
Jul 12, 2017
/ 3 MIN READ
?GST not applicable on free food supplied by religious institutions, says Government
However, some of the items and services required for making prasadam would be subject to GST, including sugar, vegetable edible oils, ghee, butter,…
By -
Franchise India Team
Jul 12, 2017
/ 2 MIN READ
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Union Minister Nirmala Sitharaman denies Pizza being taxed lower than peanut brittle under GST
Only 5% GST was imposed on peanut brittle, whereas 18 per cent GST was levied on pizza served at restaurants and 5% on pizza breads that can be used…
By -
Franchise India Team
Jul 11, 2017
/ 2 MIN READ
Tea auction in Calcutta starts today
This sale was supposed to be held on Tuesday and Wednesday, but was postponed due to the billing issue on how to raise GST (both CGST and SGST)…
By -
Franchise India Team
Jul 06, 2017
/ 2 MIN READ
Print new MRP on unsold items or face legal action, says Ram Vilas Paswan
The order is applicable for unsold stocks up to July 1. New revised MRP declaration can be done through stamping, putting sticker or online printing.
By -
Franchise India Team
Jul 06, 2017
/ 2 MIN READ
Restaurants and stores implies different taxes on carbonated drinks
However, a 600ml bottle of a cola brand in a food joint cost Rs 60, with GST component cited at 18%. But the same sized bottle is available in a…
By -
Franchise India Team
Jul 04, 2017
/ 2 MIN READ
Junk food, food grains, confectionery items to become cheaper under GST
Tax levied on chocolate would come down from 30% to 28%, while there would be only 18% GST on pasta, cake, pastry and pizza, which is less than the…
By -
Franchise India Team
Jul 04, 2017
/ 1 MIN READ
"We don't expect any major change in revenue with implementation of GST", says RS Sodhi
Producers of pickles, jam, tomato ketchup, however, complained that GST had raised the taxation level and said sales had slumped after the onset of…
By -
Franchise India Team
Jul 03, 2017
/ 3 MIN READ
Price of Everyday Dairy Whitener expected to undergo reduction: Nestle
Under GST, which got implemented from June 30 midnight, there will be no tax on fresh milk
By -
Franchise India Team
Jul 01, 2017
/ 2 MIN READ
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