Local soft drink companies hit by GST hike

NEW DELHI: The enthusiasm to add fruit juice to carbonated drinks has come back to haunt regional drinks makers, as these products are currently subject to a GST of 28% with an additional 12% of compensation cess. They were earlier  paying  12%.  While some local companies have hiked  MRP  by Rs 2, most others are looking at ways to exit the crowded market where Rs 10 is t…