The seemingly trivial question is close to being answered, after winding through a tax tribunal, a government department, and India's top court for over 15 years. At stake: Heavy taxes and higher prices if the product is labelled a kitchen ingredient, and potential impact on other dual-use products.
On October 17, the Supreme Court reserved its order on whether coconut oil sold in packs up to 200ml should be taxed as edible oil or a hair care product. While edible oil attracts a goods and services tax (GST) of 5%, it is 18% for hair care products.
A decision favouring such packs as hair care products could prompt manufacturers to raise prices, said Prateek Bansal, a partner at White & Brief Advocates & Solicitors. He said this might impact affordability of smaller packs, and prompt manufacturers to adjust marketing strategies.
Bu hikaye Hindustan Times dergisinin November 20, 2024 sayısından alınmıştır.
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Bu hikaye Hindustan Times dergisinin November 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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