"Once exempted from GST, local manufacturers don’t pay 12 percent tax. But also don’t get the 10 percent input tax credit. So, the price now works out to Rs 110. So direct import of sanitary napkins may become cheaper. This aspect, would be critical for the domestic manufacturing industry, which includes multinationals."
Partner, Grant Thornton India LLP
This article appeared in Bloomberg Quint on 02nd August, 2018.