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Hindustan Unilever Ltd (HUL), a leading FMCG maker, has received GST demands and penalties totaling Rs 447.5 crore from authorities in five states. The orders, received on December 30 and 31, 2023, include issues such as the disallowance of GST credit and taxation on expat salaries.

The collections stood at Rs 1.67 lakh crore in November and Rs 1.72 lakh crore in October, while in September the authorities mopped up Rs 1.62 lakh crore

Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalt

Leading FMCG maker Hindustan Unilever Ltd has received GST demand and penalties totalling Rs 447.5 crore from authorities of five states. These “orders are currently appealable” and the company will make an assessment for that, according to a Monday late night regulatory filing from HUL, which

Get latest articles and stories on Latest News at LatestLY. Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling Rs 447.5 crore from the authorities. Latest News | HUL Receives Rs 447.5 Crore GST Demands and Penalties.

HUL, the owner of well-known brands like Lux, Lifebuoy, Surf Excel, Rin, Ponds, and Dove, has made changes to its margins for distributors. The company has decreased the fixed margin by 60 basis points, while increasing the variable margins by 100 to 130 basis points. This decision has faced opposition from the All India Consumer Products Distributors Federation (AICPDF), who have expressed concerns about the timing of the move and the slow growth in sales volumes. They are even considering taki...

HUL, the owner of well-known brands like Lux, Lifebuoy, Surf Excel, Rin, Ponds, and Dove, has made changes to its margins for distributors. The company has decreased the fixed margin by 60 basis points, while increasing the variable margins by 100 to 130 basis points. This decision has faced opposition from the All India Consumer Products Distributors Federation (AICPDF), who have expressed concerns about the timing of the move and the slow growth in sales volumes. They are even considering taki...

A slower-than-expected rural recovery and rising competition in mass portfolios are among the factors bothering analysts.

Neuro research uses technology that gauges consumer preferences by directly measuring responses from the brain through headsets, without filters, biases or hesitancy that respondents may exhibit in traditional forms of research. Consumer goods, financial services, ecommerce and alcobev companies in India and elsewhere are rapidly adopting this form of research, Melgarejo said. He declined to mention specific names, citing client confidentiality.

The maker of Lux soap and Surf Excel detergent also said the Indian market is seeing a gradual recovery, led by urban areas, but the rural market has remained subdued.