FMCG, pharma cos to contest retro tax

MUMBAI: Top  FMCG and pharma companies, facing a retrospective tax burden of thousands of crores of rupees for pushing discount sales since 2017, are planning to approach the courts against piling demands for paying the additional producer levy. In the past few weeks, several distributors and retailers of some of the top FMCG, pharma and consumer durable companies have started receiving notic…