Sugaronline India Report – India’s sugar industry gives a cautious welcome to GST By Prerna Sharma
20th July 2017
Economist Ritesh Kumar Singh’s exclusive report looks at the latest activity in the Indian sugar & ethanol industries.
<p> </p><p>As expected, New Delhi has put sugar under the lowest GST slab of 5%. Earlier, the sugar mills were paying INR71 a quintal as excise duty and INR124 a quintal as the cess, with the total tax incidence being 5.4% at the current sugar price of INR3600 a quintal. If octroi and state entry tax
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