The Tax Post-A bi-monthly Indirect Tax Bulletin - March 2021
26 March 2021
BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin’ focusing on the world of Indirect Taxes, highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from industry experts.
Sector in focus: ‘Fast-Moving Consumer Goods (FMCG)’
The FMCG sector is the 4th largest sector of the Indian economy. Over the last decade, the revenue in the FMCG sector in India has been growing rapidly at over 20%, attributed to growing awareness, easier access and changing lifestyles. The sector in India is primarily divided into the demographics of rural and urban India. The urban segment is the largest contributor to the overall revenue generated by the sector, however, over the last few years, the FMCG market has grown at a faster pace in rural India compared with urban India. This edition of the Tax Post, highlights key growth drivers of the sector in India and its adaption to the GST law.