Calculate GST based on sale, not supply: Tea Planters

The tea industry is in a tizzy over the calculation of goods and services tax, prompting the industry to request the GST Council to consider GST on sale of tea rather than its supply. When the GST regime kicks in, working capital requirement and interest cost are likely to increase for the tea sector, prompting the industry to make such a request. At present, the producer doesn’t have to pay tax a…