FMCG firms slash prices post GST reduction

FMCG companies, including ITC, Dabur, HUL and Marico, on Tuesday said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers. The companies said they will extend the price reduction to other categories, which have also seen tax rate cuts. The development comes a day after the government asked the firms to pass on lower GST rates to consumers. The Go…