Indian Beverage Association Seeks Sugar-Based Taxation on Aerated Drinks Ahead of GST Council Meeting
The Indian Beverage Association (IBA), representing Coca-Cola, PepsiCo, and Reliance Consumer Products, has urged the finance ministry to adopt a sugar-based GST model for aerated drinks. The move aims to differentiate low-sugar and no-sugar beverages from sin goods like tobacco and pan masala.