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India's finance ministry clarified that DDGS used in cattle feed will attract a 5% GST rate because it is classified as a residue. Industry argues cattle feed under HSN 2309 should be untaxed, which could lead to disputes.
The clarification follows a GST Council decision.
A 5% tax on DDGS raises the landed cost of the feed in India, which could slightly reduce its use in cattle rations. Any dispute outcome would affect local feed pricing.
business-standard.comIndivjal DhasmanaNov 1, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
