Business

18% GST on ice-cream parlours

Ice-cream parlours will attract 18% goods and services tax (GST) with input tax credit, whether sold by a parlour or any similar outlet, the Central Board of Indirect Taxes and Customs (CBIC) said on Wednesday as part of a detailed clarification on tax liability of several items.It said in a circular that past tax dues…

Published

10 months ago

August 4, 2022

Shrishti

Ice-cream parlours will attract 18% goods and companies tax (GST) with input tax credit, whether or no longer sold by a parlour or any the same outlet, the Central Board of Indirect Taxes and Customs (CBIC) acknowledged on Wednesday as fragment of a detailed clarification on tax criminal responsibility of plenty of objects.It acknowledged in a circular that previous tax dues of ice-cream parlours that attracted GST on the tempo of 5% with out input tax credit might be handled as completely GST paid to lead sure of pointless litigation.”For the reason that chance is ideal to regularise the previous observe…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

3 weeks ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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