GST impact: Sanitary napkin to TV makers, list of unhappy firms is growing

After the July 21 rate revisions, the number of companies unwilling to pass on GST benefits is higher than after the Novemeber 2017 round of rate revisions.

The latest round of rate revisions introduced by the Goods and Services Tax (GST) Council on July 21 has led to a peculiar situation. The number of companies unwilling to pass on GST benefits is higher than in previous rounds. 

While the November 2017 round of rate revisions saw mainly eating joints unwilling to pass on GST benefits, this time round, sanitary napkin makers, TV manufacturers and even paint companies have said passing on GST benefits is not a feasible exercise. 

Firms in each of these categories have their reasons for the resistance. The Feminine and Infant Hygiene Association (FIHA),