Local soft drink companies hit by GST hike – Times of India

New Delhi: The excitement of adding fruit juices to carbonated drinks is back for regional beverage manufacturers, as these products are currently subject to a GST of 28% and an additional 12% compensation cess. they were the first Pay 12%.
While some local companies have increased MRP From Rs 2 onwards, most others are looking for ways to get out of the crowded market where Rs 10 is Average M R P. “Almost all local players stopped manufacturing carbonated soft drinks because they realized that adding fruit to the drink was less appealing. taxes,” said the owner of one of the largest regional beverage makers. “A large percentage of them, however, were adding less than the amount needed to make a quick buck.”
It costs about 5% more for a producer when adding fruit juice to carbonated drinks, You were the first to report that most of them were allegedly under the lens Theft do.

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