TIN No.

03632058289 A-23/A, Focal Point Extn, falandhar,

Punjab, India-1t14004
Ph.: +91-181-5077777, 5077772, 5077773
FOODCOAST INTERNATIONAL email : info@foodcoast.com, web: www.foodcoast.com

Datei 1.6/06/20t7

To

All our esteemed Distributors & Super Stockist's,

You are aware that our country is moving towards GST and the expected date of implementation is L't July
2017. We believe that this progressive move has potential long term benefits for the economy and for all
of us. This change would directly impact the tax structure and the way we do our business.

The new structure will demand change in the pricing structure of our products. Any tax Credit loss/benefit
incurred/accrued by our distributors/super stockiest on the saleable closing stocks as on 3OthJune2OL7 or
closing stock as on the transition date, would be considered. Net tax credit loss, if any, arising because of
transition will be reimbursed by Foodcoast International to a registered person subject to fulfillment of
certain conditions/documentations as required as per the provisions of new Act.

Government of India has published draft GST transitional provisions, which provide for central GST credit
on closing stock subject to fulfillment of certain conditions/documentations as prescribed.

Below is the extract of the draft legislation -

"(4) (a) (i) A registered person who was not registered under the existing law shall, in accordance with the
proviso to sub-section (3) of section L40, be allowed to avail of input tax credit on goods (on which the
duty of central excise or, as the case may be, additional duties of customs under sub-section (1) of section
3 of the Customs Tariff Act, 1975, is leviable) held in stock on the appointed day in respect of which he is
not in possession of any document evidencing payment of central excise duty.

(ii) Such credit shall be allowed at the rate of sixty percent on such goods which attract central tax
at the rate of nine percent or more and forty percent for other goods of the central tax applicable on
supply of such goods after the appointed date and shall be credited after the central tax payable on such
supply has been paid.
Provided that where integrated tax is paid on such goods, the amount of credit shall be allowed at
the rate ofthirty percent and twenty percent respectively ofthe said tax

(iii) The scheme shall be available for six tax periods from the appointed date.'{

We look forward to your fullest co-operation and continued support amidst this big transaction. We will be
sending further communication detailing the above and the changes in lT systems and various other
processes. All the distributors /Super Stockists are required to maintain /do business as usual and supply
stocks in the market. Normal 'stock in hand' shall be maintained as it will not affect you in any manner.

lfyou have any queries regarding the above, please feel free to talk to your Area Head.

Yours sincerely,
For Foodcoast International,

,/
/4J,
Sharma
' Ashant
(Director- Marketing)

.t ,. I I r lt
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