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HUL and P&G pay Part Payment of GST dues in Cross Charge Mechanism Follows GST Dept. Enquiry

The two largest Fast Moving Consumer Goods (FMCG) businesses, Hindustan Unilever Ltd. and Procter & Gamble, have reportedly started paying their GST due in part payment under the cross charge mechanism. According to the CGST Act’s provisions, a tax will be applied to any supply of goods or services made without payment from one person to another. When two company units have different GST registrations, they will be regarded as separate companies or people.

Read More: Taxscan

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