GST effect:Coke to hike fizzy drink prices, cut that of Kinley
GST
Dated:- 27-6-2017
New Delhi, Jun 27 (PTI) Beverages major Coca-Cola India today announced hiking prices of its aerated beverages while reducing that of packaged drinking water brand Kinley on account of upcoming GST regime.
\nThe company said aerated beverages have been the worst hit category with the proposed tax of 40 per cent under the GST significantly higher than current weighted average national tax incidence.
\n"Company has no choice but to minimally increase the prices even after absorbing the significant portion of the tax increase," Coca-Cola India said in a statement.
\nCoca-Cola will, however, launch an affordable range of aerated beverages t<\/p>\n
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