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Research Journal of Humanities and Social Sciences
Year : 2019, Volume : 10, Issue : 1
First page : ( 24) Last page : ( 28)
Print ISSN : 0975-6795. Online ISSN : 2321-5828.
Article DOI : 10.5958/2321-5828.2019.00005.6

Impact of GST on FMCG Sector in India

Mr. Alie Adeel Hussain1, Dr. Iqbal Javed2,*, Mr. Ahmed Sarfraz3, Mr. Bhat Ajaz Ahmad4

1Research Scholar, School of Management Studies, BGSB University, Rajouri, J&K-185234

2Assistant Professor, School of Management Studies, BGSB University, Rajouri, J&K-185234

3Research Scholar, Department of Economics, BGSB University, Rajouri, J&K-185234

4Practicing Accountant, Srinagar, Kashmir, J&K-190001

*Corresponding Author Email: javedkasana@gmail.com

Online published on 15 May, 2019.


Goods and services tax (GST) is the biggest tax reform in Indian tax system. It includes excise tax, service tax, central sales tax, luxury tax, lottery tax, entertainment tax, octroi, state surcharge, and other surcharge on supply of goods and services. The GST replaced various multiple indirect taxes which were imposed on unlike items of goods and services. The GST helped in increasing central government revenue from past nine months, since GST has been introduced (1st of July, 2017) and solved the problem of “cascading effect” of tax. GST has emerged as “transparent taxation system” in the indirect taxation. Although GST will be more effective in coming future but presently it may not be free from constraints. The research paper will focus on framework of GST as well as Impact of GST on Fast Moving Consumer Goods (FMCG) Sector in India. After implementation of GST, FMCG Sector improved slightly as GST eliminated multiple-tax system.



GST, FMCG, Goods and Services, Government Revenue, Tax.


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