"FMCG players also faced a major hurdle as far as continuation of area based exemptions provided under the erstwhile indirect tax regime in states like J&K, Uttarakhand, Himachal Pradesh and other North Eastern states where a lot of FMCG players have their presence. Recently, a budgetary support scheme was introduced to provide benefits under the GST regime."

Suresh Nandlal Rohira
Partner, Grant Thornton India LLP

This article appeared in Financial Express on 26th December, 2017.