Back

𝗣𝗮𝗿𝗮𝗰𝗵𝘂𝘁𝗲 𝗶𝘀 𝗹𝗮𝗯𝗲𝗹𝗹𝗲𝗱 𝗮𝘀 𝗲𝗱𝗶𝗯𝗹𝗲 𝗼𝗶𝗹 𝗻𝗼𝘁 𝗵𝗮𝗶𝗿 𝗼𝗶𝗹, 𝘄𝗵𝘆 ? Edible oils in India are taxed at 5%, while hair oils and personal care products attract 18% GST. Labeling as edible oil reduces the tax burden by 1

See More

iceboul

CEO of XRone • 1m

I think it's ok , cause we do use parachute for some minor edible products :) so keep the tax margins diffrent actually helps individuals but not corporates

0 replies

More like this

Recommendations from Medial

Image Description

Thatmoonemojiguy

A guy with a lot of ... • 21d

How Parachute Outsmarted India’s Tax System & Saved Crores🤯🌝 Ever noticed that Parachute Coconut Oil never says "hair oil" on its bottle? Instead, it’s labeled as “100% Pure Edible Coconut Oil.” This isn’t just a branding choice—it’s a smart tax-s

See More
2 replies20 likes
7
Image Description
Image Description

Sanskar

Keen Learner & Explo... • 2m

An Edible Hair Oil? Do you know you can use Parachute coconut oil as an hair oil and also an edible oil. As per the parachute bottle it is 100% pure edible coconut oil and is also licensed by FSSAI and the insane part, it does not says anywhere as

See More
2 replies17 likes
2
Image Description
Image Description

vishakha Jangir

 • 

Set2Score • 1m

𝗣𝗮𝗿𝗮𝗰𝗵𝘂𝘁𝗲 𝗶𝘀 𝗹𝗮𝗯𝗲𝗹𝗹𝗲𝗱 𝗮𝘀 𝗲𝗱𝗶𝗯𝗹𝗲 𝗼𝗶𝗹 𝗻𝗼𝘁 𝗵𝗮𝗶𝗿 𝗼𝗶𝗹, 𝘄𝗵𝘆 ? Edible oils in India are taxed at 5%, while hair oils and personal care products attract 18% GST. Labeling as edible oil reduces the tax burden by 1

See More
4 replies19 likes
2
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 1m

I just watched medial pitch on sharktank india and here's my opinion... the sharks are right you don't have your hero feature set (showcase which you will focus on) and you there for marketing obviously as they said , and also if you could get so

See More
34 replies100 likes
15
Image Description

Pulakit Bararia

Building Snippetz an... • 1m

We think of banks as places that store our money and keep it safe. But that’s not really what’s going on. When a bank gives out a loan, they don’t get poorer. They simply type new money into your bank account. It’s brand-new money that never exis

See More
2 replies15 likes
4
Image Description
Image Description

Vikas Acharya

Building WelBe| Entr... • 2m

Modern banking tech company" ZETA" announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. However, the SaaS company did not reveal the investor’s name. Zeta became a unicorn in May 2021 after a $250 m

See More
8 replies11 likes
2
Image Description
Image Description

Rishav Kumar

🚀 Aspiring Entrepre... • 1m

Government Initiatives Supporting Startups in India India loves startups. No, seriously. The government is practically throwing schemes, tax breaks, and incubators at entrepreneurs like confetti at a wedding. But while these initiatives have done wo

See More
4 replies27 likes
17
Image Description
Image Description

Poosarla Sai Karthik

Tech guy with a busi... • 8d

iPhones now cost the same in India and US. What’s going on? Because the US is kinda taxing itself—in the name of patriotism. There’s a silent economic shift happening. And weirdly, it’s not against China or Russia. It’s actually against the US doll

See More
6 replies9 likes
Image Description
Image Description

Sairaj Kadam

Entrepreneur • 7m

Hey guys, I just had an amazing conversation with someone who shared an incredible idea. It's one of those ideas that could genuinely change the world. So, with their permission, I’m excited to share a bit of it with you. We were discussing the mos

See More
5 replies7 likes

Download the medial app to read full posts, comements and news.