SC classifies small bottles of coconut oil as edible
Business Standard|December 19, 2024
Says it should be taxed at 5% instead of 18% in 15-yr-old dispute
BHAVINI MISHRA
SC classifies small bottles of coconut oil as edible

In relief to fast-moving consumer goods (FMCG) players such as Marico and Bajaj Consumer, the Supreme Court on Wednesday ruled in a 15-year-old dispute that small bottles of coconut oil should be classified as edible oil and taxed at 5%, rejecting the tax department's demand to classify the oil as hair oil and tax it at 18%.

Goods and services tax (GST) on edible oil is set at 5% while hair oil is taxed at 18%.

هذه القصة مأخوذة من طبعة December 19, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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