GST will be Positive on Kernel Exports but Negative impacts will be on Raw Cashew

This entry was posted on Tuesday, February 9th, 2016 and is filed under Uncategorized.

Indian finance ministry is almost certain about passing the Goods and Service Tax bill during this year’s budget session.

If the Indian tax system changes to GST the tax rates will certainly change. Most probably the rates will increase.

Increase in tax rates may not hurt the local kernel market as exporters are the main buyers from last one month.

So any increase in the tax rate will affect the raw cashew price with proportionate decrease.

 

Filed Under: Uncategorized