ICRA sees GST impact on sugar neutral.

The impending GST is expected to have a marginally positive impact on the tea industry, while the effect is likely to be neutral on the sugar sector in all states, barring Tamil Nadu and Andhra Pradesh. Sugar currently attracts central excise duty of 71 rupees per 100 kg and a sugar cess of 124 rupees per 100 kg, which cumulatively translates to a rate of about 5.5%.