Britannia Industries and Tata Tea have stopped supplies to distributors in Kerala, who are seeking protection of their margins after the goods and services tax (GST) was imposed. Industry sources said these companies had sales of Rs 500 crore and Rs 200 crore in Kerala, respectively, every month. Shyam Prasad Menon, president of the Federation of South India Distributors’ Association, confirmed the development. Emails to Britannia and Tata Tea went unanswered. With the GST, compliance costs for distributors of consumer goods have gone up, squeezing their 3-5 per cent ...
TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
LOGIN
Not a member yet ? Resister Now
Connect using any below
WHAT YOU GET
On Business Standard Digital
On
Digital
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
Already registered ?