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Revise prices immediately to pass GST benefits to consumers: Govt
1 views | Nov 20, 2017, 10:49:03 PM | Mirror Now
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Government makes an appeal to industry leaders to
pass the benefits of GST rate reduction to the consumers. CBEC Chairperson
Vanaja Sarna has written to FMCG companies asking them to immediately revise
MRP on all products in line with the latest reduction in GST rates. The Goods
and Services Tax (GST) rate was reduced on 178 items including detergents,
shampoos and beauty products, from 28 per cent to 18 per cent from November 15.
In her letter to all the major Fast-Moving Consumer Goods (FMCG) companies,
Sarna pointed out the need to immediately revise the maximum retail price (MRP)
on all the products for which the tax reductions have been announced by the GST
Council, according a statement by the finance ministry.
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