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"
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
- CESTAT: Testing Services to Foreign Clients Qualify as ‘Export of Services’ under FTDR Act
- CESTAT Rules Dell India’s Services to Foreign Affiliates Qualify as Export, Allows Appeal
