"What is going to happen when we go to post GST is that
we all know the excise duty has got subsumed in the GST
rate and GST like VAT will be netted from sales," he
added. The range of the GST rates for each of the
company's categories are between 5 percent and 28
percent for milk and nutrition products.
According to Duggal: "Volumes do not change, but value
growth and to a certain extent, the real internal growth
will also change especially for products which are being
Prepared dishes and cooking aids are taxed between 5
percent to 18 percent while chocolate and confectionery
are between 18 percent to 28 percent in the GST regime.
In the case of beverages GST rates ranges between 12
percent to 28 percent.
Nestle India reported an increase of 9.66 percent in net
profit to Rs 263.43 crore for the second quarter ended
June 30, 2017. The company, which follows
January-December period as financial year, had posted
7.29 percent increase in net sales to Rs 2,469.06 crore.
Source::: Money Control,