Tax fizz: Is fruit juice an aerated drink? - The Hindu BusinessLine
Tax fizz: Is fruit juice an aerated drink? January 27, 2021 Tax tangle The legal tussle over taxing fruit-based drinks shows no signs of cooling - THE HINDU Tax tangle The legal tussle over taxing fruit-based drinks shows no signs of cooling - THE HINDU× This has been a subject of GST litigation. However, beverages with more than 5 per cent fruit content are not ‘aerated’ FMCG fruit-based drink manufacturers fear having to pay highest GST at 40 per cent. The classification of non-alcoholic beverages — fruit/fruit juice-based drinks — has come under the radar of the CBIC’s...
Source: thehindubusinessline.com