A Study of FMCG Sector after GST Implementation

The fast moving consumer goods (FMCG) segment is the fourth major sector in the Indian economy. The main growth drivers for this sector are increasing alertness, easier access, and changing lifestyles and so on. The sector is expected to see a significant effect once the Goods and Services Tax (GST) Bill is passed as the companies established warehouses across the states in a proposal to have a more tax proficient system. Even from the fast-moving consumer goods (FMCG) industry, the absolute effectiveness of goods and services tax (GST), if the propose is that the credits are just not related to the business but passed on in the value chain also, there will be settlement even from an effective point of view for a FMCG industry. The second fact is that FMCG industry nowadays has an open network design which is also completely determined by the idea of stock transfers and then sale through depots. FMCG is one and only sector having direct impact on large public. Therefore, this study includes potential effects of GST in FMCG sector. The ultimate effect of this study is that the implementation of GST is favorable in FMCG sector.