GST impact on FMCG sector in India
GST is being rolled out on the 1st of July 2017 in India & it is being hailed as the largest tax reform in Independent India.
GST is sure to have a positive impact on the FMCG sector. This can be attributed to lower tax rates under the GST regime.
Here’s an example on how GST will impact the price of Pizza Bread.
You can see that the transportation is becoming cheaper in GST because of smoother supply chain management, availing input credit etc. There will a considerable cost reduction in these sectors which is bound to have a positive impact on FMCG.
For more such info, visit ClearTax GST