Budget 2016: Govt will take swift actions in implementing GST

As a fruit juice manufacturing company, we expect Government should incentivize companies coming up with innovative products such as fruit based aerated drinks etc.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com

Home » News » Economy

Feb 24, 2016, 01.46 PM | Source: Moneycontrol.com

Budget 2016: Govt will take swift actions in implementing GST

As a fruit juice manufacturing company, we expect Government should incentivize companies coming up with innovative products such as fruit based aerated drinks etc.

Like this story, share it with millions of investors on M3

Budget 2016: Govt will take swift actions in implementing GST

As a fruit juice manufacturing company, we expect Government should incentivize companies coming up with innovative products such as fruit based aerated drinks etc.

Post Your Comments

Share Cancel

Dhirendra Singh, CMD, Manpasand Beverages
In the upcoming Budget, we hope that the Government will take swift actions in implementing GST bill as it will lower production costs, ease tax burden and facilitate efficient movements of goods. Any further delay can mar industry and market sentiments.

As a fruit juice manufacturing company, we expect Government should incentivize companies coming up with innovative products such as fruit based aerated drinks etc.

On the agriculture front, the announcement to create a Unified National Agriculture Market was significant. Move towards a single national market for agri-produce will help rein in the inflationary pressure in case of food commodities. The excise duty on food items that include packaged fruits juices should remain unchanged and not hike up to 12.5 percent as speculated.

We look forward to the reduction in corporate tax rate in the forthcoming Union Budget, as announced by Hon’ble Finance Minister in the last Budget. Lastly, the government also needs to create a strong supply eco-system for food processing industry as a key sector identified under “Make in India” program.

Service tax on warehouse rent, warehouse management services, laboratory services for agro produce, agro commodity care services should be taken off. Capital subsidy for cold stores should be enhanced and extended to all capital investments in back end supply chain logistics to reduce the losses in fruits and vegetables.

The government needs to demonstrate concrete actions to revive investment, increase growth and generate employment which will give boost to the industry. We are hoping that the Government will unveil the Union Budget 2016-17 with a pragmatic recognition of macro-economic woes and a thrust towards structural reforms.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Budget 2016: Govt will take swift actions in implementing GST

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login