Amul rules out pouch milk price cut; only longlife UHT milk to get GST relief
There will be no impact on packaged milk prices because of Goods and Services Tax (GST) changes from September 22nd, says Amul. Amul, one of the country's most popular dairy brands, has clarified that there will be no reduction in pouch milk prices from September 22 as it already attracts zero percent GST.
Responding to a query from ANI, Jayen Mehta, Managing Director of Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul products, said, "There is no change proposed in prices of fresh pouch milk as there is no reduction in GST. It has always been zero percent GST on pouch milk."
Earlier, some media reports suggested that pouch milk prices could be reduced by Rs 3 to Rs 4 under the GST 2.0 framework.
However, Mehta clarified that such reports are inaccurate as pouch milk has always been exempt from GST. The relief under the new tax structure will only apply to UHT milk, which will now become cheaper with the GST rate cut from 5 per cent to nil.
