FMCG distributors write to Centre, seek guidelines on GST reforms

THE ALL INDIA Consumer Products Distributors Federation (AICPDF), an apex body of FMCG distributors, has sought government guidelines on the proposed GST reforms.

- FE BUREAU Mumbai, August 22

The aim, they say, is to minimise trade disruption and provide clear directives to companies on pricing and stock adjustments following its proposal to reduce the number of tax slabs.

The move comes in the wake of the greenlight given by the Group of Ministers (GoM) on Thursday to the Centre's recommendation of a two-slab structure as part of its GST 2.0 reforms. The Centre has proposed scrapping the 12% and 28% tax slabs, retaining the 5% and 18% brackets. A 40% tax slab will be included for sin goods.