How is the GST going to affect food processing industries?

Alcoholic beverages, however, have been excluded from GST and they will be taxed separately. Taxing food could hold more impact on the poor. But exception of food will shrink the tax base. read more

The industry associations have been pushing the government for a lower rate of GST on processed food. To make your Food processing enterprises GST ready, GSTN has nominated 34 GSP and Cygnet Infotech is one of the leading technology provider, selected from over 200 applicants and we are standing amongst premier list of fortune 500 companies. read more

When GST gets implemented, the tax can be 12.5% or 15% or 18%. There will be a straight cost hike in milk and milk products prices.” Another example where the GST is not exactly of help is the tea industry. With almost 1000 million kg of tea consumed annually, the industry could also face negative effects of the bill. read more

No other food processing industry in India is able to meet such high expectations of the farmers. It is apprehended that high GST would incite the industry to reduce the milk prices paid to the milk producer. High rate of GST might also increase the consumer prices of dairy products substantially. read more