GST rates dampen Ayurveda firms' hopes

The Centre has decided to keep ayurveda products in the mid-range of the goods and services tax

Avishek Rakshit  |  Kolkata 

The Centre has decided to keep ayurveda products in the mid-range of the goods and services tax (GST), dampening spirits in the sector. With the emergence of Patanjali Ayurved, consumer goods companies have felt encouraged to focus on this segment and had drawn up plans for expansion. In the pre-GST regime these products were taxed at 6-11.5 per cent, but the GST levies a flat rate of 12 per cent tax. An analyst said companies like Dabur, which has a 9-12 per cent exposure to ayurvedic products, and Emami, were expecting a tax rate in the lower end.“Emami, which has been ...

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Read our full coverage on GST

GST rates dampen Ayurveda firms' hopes

The Centre has decided to keep ayurveda products in the mid-range of the goods and services tax

The Centre has decided to keep ayurveda products in the mid-range of the goods and services tax The Centre has decided to keep ayurveda products in the mid-range of the goods and services tax (GST), dampening spirits in the sector. With the emergence of Patanjali Ayurved, consumer goods companies have felt encouraged to focus on this segment and had drawn up plans for expansion. In the pre-GST regime these products were taxed at 6-11.5 per cent, but the GST levies a flat rate of 12 per cent tax. An analyst said companies like Dabur, which has a 9-12 per cent exposure to ayurvedic products, and Emami, were expecting a tax rate in the lower end.“Emami, which has been ... image
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