GST rollout: Sugar traders uncertain about cess, claims

India Infoline News Service | Mumbai | July 03, 2017 12:58 IST

Wholesale traders had reduced sugar purchases in June due to this uncertainty. The sugar industry is awaiting clarity on the cess that mills pay.

Uncertainty about the cess and claim still continues after GST rollout on July 1, 2017. The GST on sugar is 5%. Wholesale traders had reduced sugar purchases in June due to this uncertainty. The sugar industry is awaiting clarity on the cess that mills pay.
 
However, it seems sugar investors have welcomed GST with open arms. Sugar stocks have been buzzing on the bourses with steady gains.
 
Rana Sugars is the top gainer in the sugar space. The stock is trading higher by 8.4% at Rs 8.9 per share. Other sugar stocks like Dalmia Sugar, Girdharilal Sugar, KCP Sugar, Gayatri Sugar, Ugar Sugar Rajasree Sugar are some of the sugar stocks which were trading higher by more than 3% on Monday.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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