GST regime: FMCG sector sees gains, but details remain hazy
But more clarity needed on GST rules to determine the extent of benefit
Stocks such as Hindustan Unilever, Dabur, Marico, Colgate and ITC gained 1.5-4 per cent on Friday. Hopes that the GST rate announced for many FMCG products would cut costs for the companies and also help them pass on the benefit to consumers fuelled the rise in stock prices. While products such as hair oil, soaps and toothpaste are currently taxed at 22-24 per cent, it is proposed to be tax...
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