FM Pushes Dairy Makers to Pass GST Cuts to Consumers
Finance Minister Nirmala Sitharaman has urged dairy manufacturers to actively engage in reducing retail prices of ghee, butter, and cheese, ensuring that consumers fully benefit from the recent GST rate reductions. The government emphasized that any cut in GST should directly reflect in market prices, preventing price retention at the manufacturer or distributor level. Watch…
Ice-cream makers brace for life after GST cut
India’s ₹30,000-crore ice-cream market, split almost equally between organised and unorganised players, is set for a major boost with the GST rate on ice creams being slashed from 18% to 5%, a move expected to drive 10–15% incremental annual growth. The country’s largest dairy cooperative, GCMMF (Amul), which currently operates about 29–30 ice-cream plants and…
GST cuts boost dairy, agriculture in Bihar
The Government has rolled out GST rate rationalisation, cutting tax burdens across agriculture and dairy in Bihar. Key measures include making UHT milk and paneer GST-free, reducing ghee and butter from 12% to 5%, and slashing ice cream’s rate from 18% to 5%. These changes are expected to lower prices by 5–13%, easing working capital…
Hatsun Agro bets tax cuts & protein surge raise sales
Hatsun Agro Product Ltd., India’s largest private-sector dairy company, is banking on rising consumer interest in protein-rich foods to drive its next growth phase. The Chennai-headquartered firm, known for milk, curd, and ice cream under brands like Arun, Arokya, and Hatsun, plans to scale up its high-protein offerings, aligning with evolving dietary preferences among urban…
Delhi GST Cut Slashes Dairy Prices by 6–12%
The Delhi government’s recent GST rate revisions reduce taxes on essential items including dairy—milk, paneer, ghee, butter, UHT milk—making them 6–12 percent cheaper. While consumers benefit immediately, the move promises ripple effects across the dairy value chain: increased consumption, higher sales volumes, and improved farmer incomes. Industry Insights (Dairy Focus): The newly announced GST cuts…
Dairy GST Cuts Bring Consumer Savings, Farmer Prosperity
India’s recent GST changes for dairy—cutting rates from 12% to 5% on ghee, cheese, and ice-cream (without chocolate), and zeroing GST on UHT milk, paneer, and chhanna—deliver significant cost relief across value-added segments. Ghee-bearing households may pocket savings of around ₹42 per kilogram, assuming full pass-through. Packaged paneer and UHT milk, now exempt, could become…
GST Cut Could Make India a Dairy Export Powerhouse
R.G. Chandramogan, Chairman of Hatsun Agro Product Ltd., has called for a uniform reduction of GST on all dairy products—from the existing 12% to 5%, including ghee and ice cream. He argues this could dramatically boost India’s dairy industry, empowering farmers, increasing domestic demand, and transforming India into a global exporter. India’s annual milk production…