Tuesday, October 26, 2021

Ice-cream parlours facing a meltdown over 18% GST levy

The plea stems from the fear of getting notices asking them to pay the higher levy retrospectively from July 1, 2017 - when India moved to the GST regime - instead of the 5% they paid till now. If levied retrospectively, the amount will be huge and unsustainable for these businesses.

source https://economictimes.indiatimes.com/industry/banking/finance/ice-cream-parlours-facing-a-meltdown-over-18-gst-levy/articleshow/87294638.cms

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