FMCG Majors Roll Out Trade Notices Ahead of GST Rate Cut on Household Essentials

FMCG majors roll out trade notices ahead of GST rate cut on household essentials

India’s top FMCG firms including HUL, P&G, L’Oréal, and Himalaya have issued trade notices ahead of the major GST rate cut on household essentials, effective 22 September.

FMCG Majors Issue Trade Notices as GST Reduced on Household Essentials

FMCG Majors Issue Trade Notices as GST Reduced on Household Essentials Since the GST rates on household items have been reduced, top companies like Hindustan Unilever, P&G, and L’Oréal have communicated to their sellers that the government has reduced the GST (Goods and Services Tax) on many household products. These include soaps, shampoos, and other […]

Banks Face Car Loan Cancellations In Run Up To Sept 22 GST Rate Cut-Off Date

Banks are receiving requests for cancellation of approved car loans, in view of the implementation of Goods And Services Tax rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them.It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18% from the existing 28%.Nearly 400 pr…

Banks face car loan cancellations in run  up to Sept 22 GST rate cut-off date

NEW DELHI, Sept 14:  Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to  subsequent reduction in the amount needed to purchase them.   It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 …