Ice-cream makers pad up for life post GST reduction

The GST  rate rationalisation in ice-creams has opened up the market for new and existing players. A sharp 13% reduction in tax rates (18% to 5%) has meant that ice-creams are cheaper now versus earlier and the shift from unorganised to organised players will likely be faster. Half of the Rs 30,000-crore domestic ice-cream market is organised; the rest is unorganised, according to indust…