Milma demands Roll back of recently announced gst on fresh milk products
‘Move to cause severe stress on country’s strained dairy sector’ The Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, has demanded rollback of the GST Council’s decision to impose 5% GST on relabelled and repackaged buttermilk, curd, lassi and paneer, and steeply raise the tax on dairy machinery from 12% to…
GST rates levied on healthy dairying : buttermilk, curd, lassi and paneer
The Goods and Services Tax (GST) Council on Tuesday decided to remove a host of tax exemptions and hike rates for an even larger number of mass-consumption items. It approved a proposal to impose a 12% tax on hotel rooms costing below `1,000 per day and a 5% levy without input tax credit on hospital…
Veganism in India – Would it impact dairy consumption ?
An article by : Neharika Sharma India is the world’s largest producer of milk. It is a notable global player in milk production, contributing 22 per cent of the total. Regardless of COVID-19 outbreak, the milk production in India increased by six per cent in 2020. Having said that, let us discuss a new growing…
Launch of curd moved stocks price of Parag milk foods by 7%
Could launch of premium curd have such an impact on shares of a dairy company ? It has happened for the first time in India. Shares of Parag Milk Foods rallied as much as 7 per cent to Rs 111.70 a piece. I happened after the company introduced a new product to its premium category….