India’s nutraceutical industry’s hopes of a reduced GST rate on supplements was squashed again when there was no mentioned of special grant for the sector during the recent budget announcement.
The Indian food industry is requesting the government to reduce Goods and Service Tax (GST) rates for commonly consumed local food items to reduce costs and cut food wastage – but branded food products are not part of this request, it has clarified.
India’s newest food tax saga stemming from Southern flatbreads being taxed higher than Northern ones has placed renewed focus on the country’s controversial GST system, provoking claims of ‘cultural racism’ from campaigners.
Recently re-elected Australian Prime Minister Scott Morrison has announced that the government will not be taking up the Australian Tax Office (ATO) suggestion to extend the application of Goods and Service Tax (GST) to a broader range of food items.
What’s in a letter? A great deal, if Malaysia is anything to go on, as the newly elected Pakatan Harapan (PH) government rolls back the hated GST sales tax system to replace it with an SST — a move which few people really understand, but everyone seems...