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Colgate distributors in Maharashtra to stop purchases from 12 May
Co in a bind over issuing credit notes without GST and offering deep discounts to quick commerce platforms, as distributors threaten a nationwide suspension
Sharleen Dsouza Mumbai
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Oral-care major Colgate Palmolive (India) is in a spot in Maharashtra, where its distributors have decided to suspend purchase of all its products starting May 12 over issuance of trade credit notes without applying corresponding GST, and steep discounts the firm has been offering to quick-commerce (qcom) channels.
The company's distributors, under the umbrella of All India Consumer Products Distributors Federation (AICPDF) — a trade body representing distributors of fast-moving consumer goods (FMCG) — will suspend all purchases from the oral-care major from May 12 in general trade.
AICPDF said in its statement that distributors had received showcause notices and
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