Instant coffee to be cheaper as GST reduced from 18% to 5%

Harpreet Singh, Partner, Indirect Tax - Deloitte India, said, “Coffee-related products, such as roasted chicory, coffee substitutes, and coffee concentrates, have now been moved to the 5% GST slab. While this change is expected to benefit consumers through lower retail prices, it poses a short-term challenge for retailers holding inventory purchased at higher tax rates. Nonetheless, the rate cut is likely to make coffee more affordable and boost overall consumption.”

Raccontata dathehindu.com