
Biggest biscuit-manufacturer denies job-cut, but does not rule out because of irrational GST tariffs
Biggest biscuit-manufacturing company of India denies media-reports about job-cut of 10000 persons, but does not rule out because of highly irrational GST tariffs affecting sale of its confectionary items where biscuits attract 18-percent GST while rusks are in 5-percent GST slab.
Presently GST-tariffs are highly irrational, confusing and improper where similar items are in different GST-brackets like 5, 12 and 18 percent. GST on harmful sweets is just 5-percent while namkeens prepared and sold by local confectioners attract 12-percent. Best is to remove all confusion by putting sweets, namkeens, biscuits, rusks and all such food-items in a common GST-slab of 12-percent for single rate-structure for products made by confectioners.
GST has become additional product where most local co...