FMCG players welcome govt move on GST rate cut
GST
Dated:- 4-9-2025
PTI
Kolkata, Sep 4 (PTI) Companies operating in the fast moving consumer goods (FMCG) segment have hailed the government's move to cut GST on several items which would spur consumption demand in the economy.
The structural reforms will undoubtedly benefit MSMEs and farmers who form the backbone of the economy, Chairman and Managing Director of ITC Limited Sanjiv Puri said.
“I would like to compliment the finance minister for ushering in a transformative, bold and comprehensive next-generation GST architecture. The GST rate rationalisation across various sectors will bring relief to the consumers through enhanced affordability and will spur consumption, drive i
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iative of lowering taxes to boost consumption.” This is a positive trigger for demand creation, he said.
“GCPL has soap brands in its portfolio. We are fully committed to ensuring that the GST rate reduction benefits are passed on to the consumers,” Malbari said.
Co-founder and Chairman of Joy Personal Care, Sunil Agarwal, said the government's decision to reduce GST on daily essential items from 18 per cent to five per cent is a commendable step that will benefit consumers and energize the FMCG industry.
“Rural India has been driving FMCG growth for six consecutive quarters, and this move will further strengthen rural demand, even as urban consumption continues to recover. The GST rate cut on several FMCG items will give the industry t
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