Price of glucose biscuits to rise after GST

An 18% rate has been slapped on biscuits below Rs 100 per kg, higher than the current 9-10 per cent

Glucose biscuit makers such as Parle Products, owners of the iconic Parle-G brand, are likely to raise prices in July as biscuits below Rs 100 per kg have been slapped with 18 per cent goods and services tax (GST).

The effective tax rate paid by players in this category is 9-10 per cent at present.

In a meeting on Saturday, the GST Council decided on doing away with the variable tax structure that prevailed on biscuits, bringing biscuits below and above Rs 100 per kg at par. 

So biscuits above Rs 100 per kg, much like those below Rs 100 per kg, will