Thatmoonemojiguy 🌝 • 3m
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-saving trick that helps Marico save crores every year. In India, hair oil is taxed at 18% GST, while edible coconut oil is taxed at just 5% GST. By calling Parachute "edible," Marico legally pays less tax, even though 99% of buyers use it for hair care. Technically, it is edible, but hardly anyone cooks with it. Other brands that openly market their oil as "hair oil" must pay 18% GST, making Parachute’s strategy even smarter. Is this ethical? It’s legal and brilliant business, but also a tax loophole exploit. Should tax laws change, or should businesses keep optimizing? Either way, next time you buy Parachute, remember—you’re not just oiling your hair, you’re witnessing a corporate masterclass in tax efficiency!
Keen Learner and Exp... • 4m
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 MoreBuilding JalSeva and... • 8m
Harsh Mariwala is the founder of Marico 📈 one of India's leading consumer goods companies. Born into a business family, Mariwala joined the family-owned Bombay Oil Industries in the early 1970s. He saw the potential in branded consumer products an
See MoreImport and export y • 6m
Exporting coconut and coconut oil can be a lucrative business due to their high demand globally. Here are the details you need to know about the process: 1. Market Research Identify Target Markets: Research countries with high demand for coconuts an
See MoreChartered Accountant • 1y
GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr
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E-Cell, IIT Bombay • 6m
Mehnat ki kamai par moti rakam maangte hue pakadi gyi 😅( Caught demanding huge amount for hard earned money) Tax -Treatment of popcorn 🍿 The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representative
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