Differentiated tax in GST good for beverages sector: Coca-Cola
Amid proposal to impose higher taxes on aerated drinks in the upcoming GST, beverages major Coca-Cola India says it will be beneficial for the sector if the government differentiates products within new indirect tax regime based on sugar/calorie content to promote public health.
The Atlanta-headquartered beverages giant said differentiated tax structure will be an opportunity for it to expand its products range in the country.
"Our industry is in beverages business...so to me it will be beneficial to the industry as a whole if the government in order to promote public health were to differentiate products within GST based on sugar/calorie content or other things. It should be based on science/ingredients," Coca-Cola India and South West Asia President Venkatesh Kini told