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Pass on GST rate cut benefits, FMCG firms told

NEW DELHI:The Central government today asked the FMCG industry to pass on the benefits of GST rate cut to consumers as it is expected to encourage domestic demand and investment.

Tribune News Service

New Delhi, November 20

The Central government today asked the FMCG industry to pass on the benefits of GST rate cut to consumers as it is expected to encourage domestic demand and investment.

Vanaja Sarna, Chairperson, Central Board of Excise & Customs (CBEC), today addressed a letter to all major fast moving consumer goods (FMCG) companies pointing out the need to immediately revise the MRP on all products in which the reduction of GST has been announced by the GST Council.

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