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Sales of discretionary consumer goods dip up to 50 pc due to local lockdowns
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Companies said even in states where there are no restrictions yet, footfall in stores have fallen since people are scared of catching the infection and several offices have gone back to work from home mode affecting out of home consumption.
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Weekly sales of discretionary consumer goods including ice cream, beverages, packaged snacks, refrigerators and air-conditioners have dipped sequentially by up to 50% due to localized lockdowns, weekend and night curfews, and restrictions on social events as compared to March-end, multiple companies said.
Companies said even in states where there are no restrictions yet, footfall in stores have fallen since people are scared of catching the infection and several offices have gone back to work from home mode affecting out of home consumption.
Flavoured milk is basically “beverage containing milk” and will attract 12 per cent GST, the Gujarat Authority for Advance Ruling (AAR) has said.
Gujarat Co-operative Milk Marketing Federation Ltd, which markets dairy product under the Amul brand, had approached the AAR on the taxability under the Goods and Services Tax (GST) of flavoured milk which the company sells under the name Amul Kool/Amul Kool Cafe.
The applicant had submitted before the AAR that the process of flavoured milk is standardisation of fresh milk according to the fat contents and then heating at certain temperature followed by filtration, pasteurisation and homogenisation and then mixing of sugar and various flavours and finally bottling. The authority said that the flavoured milk would be classifiable as a beverage containing milk, which is taxable at 12 per cent under GST.