Beverage giant Coca Cola wants lower GST rates and increase in deadline

Updated on: Jul 21st, 2021


1 min read

March 22, 2017 US beverage company Coca-Cola wants the Indian government to reduce the tax on aerated drinks from 43% to 34% and to increase the July 1st deadline for implementation to September. The company argued that since its product was neither a luxury item nor a sin product, it should not be levied with 15% cess above the highest tax bracket of 28%. According to Coca-Cola, the cess should be capped at 6%. Moreover, the company wants the deadline for GST implementation to be pushed forward so that businesses will have more time for the transition.

Coca-Cola and other beverages have been in the spotlight recently with the government pulling them up for adding too much sugar in their drinks (as compared to their drinks sold in Europe). The government is also considering rules to make displaying sugar and fat content on drink and junk foods mandatory, as well as a ‘fat tax’ on unhealthy foods to curb obesity in the country. As reported by Firstpost

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use


ISO 27001

Data Center


SSL Certified Site

128-bit encryption