Consumer product makers praise GST Council’s decision to lower tax on 177 items

  • Consumer product makers praise GST Council’s decision to lower tax on 177 items
11-11-2017 | Pratidin Bureau. |

Consumer product makers like Hindustan Unilever Limited and Patanjali have hailed the GST Council’s decision to lower tax rates on commonly used items and said the benefits will be passed on to customers.

The Council on Friday in a meeting in Guwahati reduced tax rates on items ranging from chewing gum and chocolates to beauty products and wigs and wrist watches to provide relief to consumers and businesses. Hindustan Unilever said that the firm will be delighted to pass on the net benefits at the corporate level to the consumers.

On the other hand, Patanjali Ayurveda CEO and MD said that this is a welcome step and would benefit the masses. Marico Ltd CFO Vivek Karve said that the reduction will make the products more affordable and will certainly aid consumption.

Tags : Consumer product GST Council Guwahati Patanjali


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