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Siddharth K Nair
Thatmoonemojiguy ๐ย โขย 6m
How Parachute Outsmarted Indiaโs Tax System & Saved Crores๐คฏ๐ Ever noticed that Parachute Coconut Oil never says "hair oil" on its bottle? Instead, itโs labeled as โ100% Pure Edible Coconut Oil.โ This isnโt just a branding choiceโitโs 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 Parachuteโs strategy even smarter. Is this ethical? Itโs 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, rememberโyouโre not just oiling your hair, youโre witnessing a corporate masterclass in tax efficiency!
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