GST

FMCG major Emami Limited on Wednesday said significant destocking due to implementation of the Goods and Services Tax (GST) and inventory correction along with the geopolitical condition in the international markets have impacted its revenue in April-June quarter. Its consolidated...

FMCG major Hindustan Unilever (HUL) said the new tax regime of goods and services tax (GST) has not impacted the consumer offtake and expects the price cuts undertaken by it to drive sales. "I don't think GST has impacted the...

The fashion and lifestyle sector in India has shaped up rather well since the turn of the new millennium. People today are as fashion-conscious as any celeb or a socialite, and this has resulted in increased fashion spending across...

The Goods and Service Tax (GST) rollout from July 1, 2017 ushered in pre-GST sales as many retailers anticipated a higher tax rate under the new system. CashKaro.com, India’s largest cashback and coupons website, dug up some information to...

Restaurants, hotels and eateries should cut rates on food items in their menu to reflect the benefit of being able to set off tax paid on inputs under GST, Revenue Secretary Hasmukh Adhia said. According to a PTI report: He...

Union Minister Nirmala Sitharaman has denied that 'Kadalai Mittai' (peanut brittle) was taxed more under Goods and Services Tax (GST) than pizza, and said such rumours were being spread by the social media. According to a PTI report: Addressing a...

If you manufacture consumer products, you'll have to increase the text size on your product so that important information about your product is readable. According to a ANI report: Food and Consumer Affairs Minister Ram Vilas Paswan on Friday announced...

Kolkata-based FMCG firm Emami today said it has reduced prices of its hair oil to pass on the GST benefit to consumers. According to a PTI report: Under the new GST regime, common use products like hair oil, soaps and...

A large section of retail shops are yet to implement Goods and Services Tax and are selling their wares with bills showing fictitious dates of the month of June. "We are still in a lot of confusion. The simple way...

Dual MRP tags -- indicating pre and post GST rates -- on unsold consumer products will help companies clear inventories and bring transparency to the market, FMCG firms said. According to a PTI report: Besides, the tags would enable end-consumers...