GST exemption on fish food expires in October 2019

Indian government is set to levy 5% GST on fish food from October 2019. The move which was exempted from a period of July 2017 to September 2019 has brought relief to fishery sector. However, re-implementation of the same will affect the intensely competitive high-volume, low-margin segment. Many of the fish food companies operate in small sector on the coasts of southern India and decision of the government to collect 5% GST with retrospective effect will result in closure of some of these companies.

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