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  • Pre-Budget Quote – NIC Honestly Crafted Ice Creams

    Published on January 31, 2023

    We, at NIC Honestly Crafted Ice Creams, sincerely hope that Indian Union Budget 23 would be considering the following points on behalf of the industry and salaried tax payers:

    1. The GST for Ice Creams, a category that is synonymous with celebration and enjoyment for all classes, must be rationalized with other classes of sweets, at 12%

    2. To improve the ease of doing business, it is important to establish a definite timeline for government agencies to grant permissions.

    3. The salaried people effective tax rate should be reduced enabling them more disposable income in their hands, as it is likely to stimulate spending giving all industries a thrust.

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