GST Council delay prolongs working capital squeeze for FMCG, pharma, manufacturing

Postponement of the next GST Council meeting extends uncertainty for FMCG, pharma and manufacturing sectors. GST 2.0 rate rationalisation has deepened inverted duty structures, locking up refunds and working capital. Industry awaits legislative fixes, refund reforms and procedural clarifications.

— Filed Mon, 18 May, 2026, 19:15 IST · Source BL · Consumer & Economy · Updated

Delay in next GST Council meeting prolongs uncertainty for FMCG, pharma, and manufacturing. Post GST 2.0 rate rationalisation has worsened inverted duty structures, blocking working capital. Industry awaits legislative fixes, refund reforms, and procedural clarifications.

Also reported by