Supreme Court Upholds 5% GST on Flavoured Milk, Rejects Centre’s Plea for 12% Tax Rate
The Supreme Court of India ruled that flavoured milk should be classified as milk under the GST law and taxed at 5%, rejecting the Union Government’s attempt to classify it under a higher tax slab of 12%. Heritage Foods Limited (respondent) is a dairy company that produces flavoured milk. It had approached the High Court…
DDC Nepal struggles to sell 600 tons of dairy products
The Dairy Development Corporation (DDC), a government-owned enterprise, has failed to sell 600 tons of powdered milk and butter despite issuing a public notice on June 7 to clear ageing stock. The notice aimed to adjust prices and offload 300 tons each of powdered milk and butter nearing expiration. The DDC’s effort to sell products worth…
Karnataka bakeries suspend tea, coffee, milk sales in protest
Small traders across Karnataka stopped selling tea, coffee, and milk to protest GST notices based on UPI data. Vendors switched to cash-only sales, wearing black badges, demanding withdrawal of tax notices. Chief Minister Siddaramaiah has called for a small traders meeting today. Bakeries and condiment stores across Karnataka stopped serving tea, coffee, and milk on…
Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd’s consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust growth in key categories. The fast moving consumer goods (FMCG) company reported a net profit of Rs 646.6 crore on July 24, missing Street estimates,…
Bearish Milk Production Report Pressures Butter markets
The big story out in the world and in the futures market today was yesterday’s Milk Production report, with June production up 3.3% on the year. We saw aggressive selling yesterday post-report and post-settlement. That selling returned and persisted through today’s cash session. The aggressive selling in Class III futures held in the August and…
Dairy, Apples & Cheese Out Of UK FTA To Protect Farmers
India and the United Kingdom, in their Free Trade Agreement (FTA) finalised on Thursday, chose to exclude certain agricultural goods from tariff concessions—most notably dairy products, apples, and cheese. The decision reflects India’s ongoing strategy to protect its smallholder farmers by shielding them from increased competition. Of the roughly 10 per cent of tariff lines…
UK Fast-Food Chains Unite for Dairy Carbon Cut Tool
A collective of major UK fast-food companies has launched a standardized carbon reduction tool aimed at slashing emissions across dairy supply chains. Developed as an industry-first initiative, the tool provides a consistent methodology for measuring, reporting, and reducing greenhouse gas emissions (GHGs) from dairy suppliers—ranging from farms to processors. This initiative responds to growing pressure…
Modi Govt Will Open Agri, Dairy Sector, Fears SKM
The Samyukta Kisan Morcha (SKM) said it had “serious apprehensions” that the Narendra Modi government was “surrendering to the diktats” of the US to sign the free trade agreement (FTA) to open the Indian economy, especially agriculture and the dairy sector. The FTA is slated to come into effect from August 1, 2025. In an…
DAIRY FARMING IN JALGAON, MAHARASHTRA
In order to compliment and supplement the States and Union Territories for promoting small scale dairy farming the Department of Animal Husbandry and Dairying is implementing the following schemes and have taken following steps: 1. Rashtriya Gokul Mission is being implemented for development and conservation of indigenous bovine breeds enhancing milk production and productivity of…
High GST on ghee hurting farmers, aiding unorganised market
The Indian dairy industry is calling for a cut in Goods and Services Tax (GST) on ghee from 12% to 5%, arguing that the current rate is hurting farmers and promoting an unorganised market with adulterated products. “Imported edible oils have only 5% GST, but Indian farmers’ produce, which supports 80 million families, is taxed…