Cos pocketing gains from GST cut on sanitary napkins: Govt

The unintended consequences of the move to remove  GST on sanitary napkins are showing, with companies fearing a flood of imports from China and citing the lack of  input tax credit ( ITC ) to hold back on a price cut, which the government believes is for pocketing the gains from scrapping of the levy. The government is looking at ways to curb this practice and ensure that the benefit of…