https://www.taxtmi.com/news?id=18041 Announcement of a single national GST rate for commonly used consumer items restructures tax incidence on several fast-moving consumer goods, replacing prior combined central and state levies and expected to ease interstate movement and check retail prices. Major FMCG firms welcomed the rate for covered products but sought clarity on classifications and rates for other categories, while the edible oil industry reported no net change and had sought a zero-rate classification. en-us Fri, 19 May 2017 11:16:48 +0530 Fri, 19 May 2017 11:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18041 Announcement of a single national GST rate for commonly used consumer items restructures tax incidence on several fast-moving consumer goods, replacing prior combined central and state levies and expected to ease interstate movement and check retail prices. Major FMCG firms welcomed the rate for covered products but sought clarity on classifications and rates for other categories, while the edible oil industry reported no net change and had sought a zero-rate classification. News - Fri, 19 May 2017 11:16:48 +0530 https://www.taxtmi.com/news?id=18041