Dairy Sector Shrinks 20% After GST Blow

Dairy sector shrinks 20% after GST blow

The government may have generated a revenue of Rs44 billion after the imposition of 18% General Sales Tax (GST) on dairy products in the last budget. However, this move has also resulted in a 20% drop in the production and sales of these products in Pakistan. Some key office-bearers of the Pakistan Dairy Association (PDA) on Tuesday told the media that since July 2024, investment of millions of dollars has stalled in the dairy sector due to risi…

​​​​​​​Buybacks reduce milk production

MODELLING presented two realistic buyback scenarios – returning 302GL or 683GL of water – both of which would cause "irreversible" damage to dairy farmers, dairy processors and dairy communities, according to Australian Dairy Industry Council...

Eight Years Of GST: Industry Gives A Thumbs Up, Deloitte Survey Finds

As the Goods and Services Tax regime completes eight years, India Inc. is warming up to the tax reform like never before, reveals a survey by Deloitte, one of the Big Four global accounting firms. In what is the fourth consecutive year of rising confidence, 85% of industry respondents have had a positive experience with GST, according to Deloitte's annual survey.The numbers in the survey show a steady shift in sentiment. MSME satisfaction rose t…

Milk prices can drop by Rs 50 if sales tax is cut, says Dairy Association

In a press conference, the Pakistan Dairy Association (PDA) indicated that the price of milk could be reduced by Rs 50 per liter, but linked this possibility to a specific government decision. PDA Chairman Usman Zaheer, along with other leaders addressed a press conference in Islamabad stating that the 18% sales tax imposed on packaged milk has caused significant difficulties and has resulted in a 20% drop in sales. He noted that countries like …

Time to Stock Take

Where grass growth is slow, such as in the last few weeks, it's very important to avoid wasting grass.....