Major companies making everyday needs (FMCG) have cut the prices of their products to give the benefit of GST deduction to consumers. In such a situation, daily needs like soap, powder, coffee, diapers, biscuits, ghee and oil will become cheaper from Monday. The move is expected to increase consumption and sell bounce during the upcoming festive session, which begins with Navratri.
FMCG companies have taken the benefits of GST 2.0 to consumers without any delay. These companies have released a revised list of maximum retail price of their products including soap, shampoo, baby diapers, brushing, razor and after-shave lotion from 22 September. Its purpose is to give customers the benefit of cuts in goods and service tax (GST) rate. Companies like Proctor & Gamble, Emami and HUL have released a new price list. This has been informed to their respective distributors and consumers through the website of companies. Proctor & Gambal has released a revised list of its products. In this, he has reduced the prices of brand products like Vicks, Head and Shoulders, Pantin, Pampters (Diapers), Gillette, Old Spice and Oral-B etc.
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P&G India has also reduced the prices of products related to children’s care. In these products, GST on diapers will decrease from 12 percent to five percent and GST on baby wipes will be reduced from 18 percent to five percent. The new rates will be effective from September 22, 2025.
The company is also going to reduce the prices of Gillette and Old Spice. Prices of Emami Boroplus antiseptic cream, Navratna Ayurvedic Oil and Zandu Bam etc. are also decreasing. HUL has also announced a reduction in prices of its consumer product range including Dove Shampoo, Horlicks, Kisan Jam, Bru Coffee, Lux and Lifeboy Soap from 22 September after GST reforms.
The GST Council has decided to do two slabs instead of four slabs of goods and service tax earlier this month. Now tax rates will be five and 18 percent while a special rate of 40 percent will be applicable on luxury goods. Except for cigarette, tobacco and other related items, the new tax rates will be effective from September 22. Edited by: Sudhir Sharma
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