INTERNATIONAL REGULATORY ROUND UP – INDIAN CONFECTIONERY SECTOR GRAPPLES WITH NEW GST

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1. India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation.  And for confectionery, the situation is complex. While sugar confectionery will be taxed at 18%, chewing gum and chocolates have ...


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