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Tea auctions in Coimbatore and Coonoor have been impacted following the implementation of GST on July 1, due to a great deal of confusion about the new tax regime.
Industry representatives claim that a miniscule percentage of the total printed quantity has sold due to lack of clarity in billing.
Recent data shows that only 63,895 kg, or 17 per cent, of the overall printed quantity of dust tea of 377,406 kg at the Coimbatore auction on July 7 found buyers. About 198,391 kg of leaf tea was available for auction, but just about 36,722 kg, or roughly
Industry representatives claim that a miniscule percentage of the total printed quantity has sold due to lack of clarity in billing.
Recent data shows that only 63,895 kg, or 17 per cent, of the overall printed quantity of dust tea of 377,406 kg at the Coimbatore auction on July 7 found buyers. About 198,391 kg of leaf tea was available for auction, but just about 36,722 kg, or roughly
