Nine years of GST reshapes FMCG: from supply chain gains to capital efficiency push
GST's rate rationalization, ITC reforms, e-invoicing and e-way bills have cut logistics costs across India's FMCG sector over nine years. Industry now seeks extension of inverted duty refunds to input services and capital goods to unlock working capital.
Analysis of GST's nine-year impact on India's FMCG sector: rate rationalization, ITC reforms, e-invoicing, e-way bills reducing logistics costs. Calls for extending inverted duty refunds to input services and capital goods to unlock working capital.
Why this matters
Signal marks a shift in FMCG focus from GST-driven supply chain gains toward capital efficiency, with industry now pushing for inverted duty refund reforms to free working capital.
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