FDD Conclave hosts power discussion on future of film coating
(L-R) Seetaraju Gembali, Managing Director, GSR Pharma Research; Vinod Arora, Principal Advisor, IGMPI (Moderator); Dr Girish Jain, President, Research & Development, Alkem Laboratories and Pramod Pimplikar, Managing Director, Shalina Laboratories
IGMPI is conferred with ASSOCHAM Services Excellence Award 2017: Our Directors Mr Syed S. Abbas & Mrs Rafat Abedi, Chief Advisor Dr Mahesh Gupta, Advisor Mr Amitabh Srivastava are being honoured by the Chief Guest & Honorable Member of Parliament Dr. Udit Raj
Recipient of QCI - D.L. Shah National Quality Award
Recipient of QCI - D.L. Shah National Quality Award
Where food safety is a culture, Maneuver your growth through adequate food safety knowledge
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Maneuver your growth through adequate food safety knowledge

FSSAI has issued new GST standards on registration and licensing services provided by FSSAI, fortified milk, hotel industry and few food products

Exemption on FSSAI licensing and registration procedure:

The services provided by FSSAI were initially charged 18% GST making it difficult for the small-scale FBOs. The services include the applications for licensing, registration and other necessary formalities. However, a recent draft from FSSAI exclaims that it will not levy GST on the above services. This gave a major relief to the FBOs, particularly those in the micro-, small and medium enterprises (MSME) sector.

Exemption on Fortified Milk

A confusion as to fortified milk being a value-added product or just a vitaminised product kept the FBOs wondering. Initially, the fortified milk was considered as the value-added product and 12% GST was levied on it. But lately, it has been concluded that fortified milk is nothing but vitaminised milk enriched with mineral salts. The GST Council in its recent meeting declared exemption of GST on fortified milk.

GST on the Hotel Industry

In addition to this, on the hotel industry, GST will be levied specifically on the transaction value of the accommodation services rather than the declared tariffs. This move was taken as the hotel rooms offered discounts; it amounted to changes in declared rate which could correspond to a different GST as per the prescribed rate slabs on room tariffs.

While 18 percent of GST is applicable for room tariffs ranging between Rs 2,500 and Rs 7,500, tariffs of Rs 7,500 and above attract 28 percent GST.

Besides, five percent GST will be applicable on both treated (modified) tamarind kernel powder and plain (unmodified) tamarind kernel powder, while beet and cane sugar, including refined beet and cane sugar, which fall under heading 1701, will attract five percent GST. The earlier rate was 12 percent.