FMCG Companies Brace for Short-Term Disruption as GST Changes Loom FMCG (Fast-Moving Consumer Goods) companies are facing a significant challenge as they prepare for a new GST regime taking effect on September 22. The government’s decision to cut taxes on many common-use products has left the industry with a massive amount of inventory that has … Read more
Massive GST Rate Cuts to Boost Consumption In a major overhaul of the Goods and Services Tax, the government has reduced rates on nearly 400 goods and services. The new simplified two-tier structure of 5% and 18% will replace the previous four-tier system, making everyday items more affordable for consumers. This change, which comes into … Read more
How GST Rate Cuts May Benefit Different Sectors Prime Minister Narendra Modi recently announced that “next generation GST reforms” will be implemented before Diwali. These reforms, aimed at reducing the tax burden on consumers and small businesses, have created significant anticipation for potential GST rate cuts. While the final decisions will be made by the … Read more
