While releasing a White Paper in Mumbai on Monday, CAIT highlighted that the current GST tax rate, which includes both GST and Cess, amounts to 40% for beverages.CAIT, while addressing the press, has stated that this high tax rate significantly hampers the working capital of small retailers, as beverages constitute nearly 30% of their total turnover.
Source: fnbnews.com
Latest Posts in "India"
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints