GST may blunt Indian coconuts’ competitive edge in global markets

The imposition of 12 per cent goods and services tax (GST) on desiccated coconut has hit production and exports, threatening thousands of jobs in the industry , traders and exporters said.

They said the “high” GST rate was a setback to the industry at a time when both the domestic demand and exports of desiccated coconut have been rising.

Desiccated coconut is widely used in the making of biscuits and cookies.

Until now, desiccated coconut attracted taxes b ..

source:
http://economictimes.indiatimes.com/articleshow/59980642.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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