GST Rate Cuts: Some Companies Offering More For Less

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    To remain compliant with the GST rate cuts that the government is time and again reminding companies' across sectors to stick to, some of the companies primarily in the consumer goods space shall now be providing a bigger pack with more content for a lesser amount.

    GST Rate Cuts: Some Companies Offering More For Less

    And officials say the practice is in line with the ruling and should be viewed as enough compliance with the anti-profiteering laws. As from a customer perspective this means, costs reduction.

    Some of the companies resorting to such a practice include Mondelez, owner of big brands such as Bournvita, Oreo cookies and Cadbury chocolates.

    In the last GST Council meet, the rates had been slashed for some 200 items to the 18% slab rate and with this a sharp reduction in price shall be eminent for the end consumers. For companies, the rationalosation would mean growth in volume terms which has been previously recognized by tile major, Kajaria Tiles.

    Another FMCG major HUL shall also follow the suit with a bigger size packing that shall now be available on shelves at a lower costs.

    For the end consumer, the benefit shall be close to in the range of 7-10%.

    Read more about: gst fmcg tile kajaria tiles mrp
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more