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Siddharth K Nair

Thatmoonemojiguy ๐ŸŒย โ€ขย 6m

How Parachute Outsmarted Indiaโ€™s Tax System & Saved Crores๐Ÿคฏ๐ŸŒ Ever noticed that Parachute Coconut Oil never says "hair oil" on its bottle? Instead, itโ€™s labeled as โ€œ100% Pure Edible Coconut Oil.โ€ This isnโ€™t just a branding choiceโ€”itโ€™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 Parachuteโ€™s strategy even smarter. Is this ethical? Itโ€™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, rememberโ€”youโ€™re not just oiling your hair, youโ€™re witnessing a corporate masterclass in tax efficiency!

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