Heritage Foods Cuts Prices of Ghee, Butter, Paneer after GST Rate Cut

Heritage Foods Ltd. on Thursday said it has reduced prices across its product portfolio to pass on the benefit of the recent goods and services tax rate cuts.

The company cut the price of ghee by ₹50 a litre and reduced butter and cheese prices by ₹50 a kg each. Paneer prices were lowered by ₹25 a kg, while ice cream became cheaper by ₹35 for a 950 ml pack and ₹20 for a 750 ml pack. Ultra Heat Treatment milk prices were cut by ₹3 a litre.

Fresh milk prices remain unchanged as the category is exempt from GST.On Thursday, Informist had reported that dairy companies in Andhra Pradesh and Telangana, including Heritage Foods, were preparing to cut prices of select value-added milk products in response to the tax cuts.