Consumer goods firms allay retailers’ fears

Consumer packaged goods companies such as Hindustan Unilever Ltd (HUL), Godrej Consumer Products Ltd (GCPL) and Dabur India Ltd are reaching out to distributors and modern trade retailers to allay fears of losses that could occur during the transition from the current tax regime to the goods and services tax (GST) starting 1 July. Retailers and distributors (channel partners) fear they may incur l…