The fast-moving consumer goods (FMCG) sector is an important contributor to India’s GDP. Fast moving consumer goods (FMCGs) constitute a large part of consumers’ budget in all countries. Indirect Taxes would be subsumed (except for few taxes such as Stamp Duty) and hence it is expected that it would result in a simpler tax regime especially for industries like FMCG. Apart from simplification of tax compliances, the rate of tax will also have a significant impact on the FMCG sector. GST would have an impact on the pricing, working capital, contracts with vendors and customers, ERP systems, processes, internal control and accounting. Another important impact of GST on FMCG companies would be the opportunity to review the supply chain and move to a supply chain based on business parameters. Hence, GST may bring certain changes in every aspect of the business. The article uses an exploratory research technique based on past literature from respective journals, reports, newspapers and magazines covering wide collection of academic literature on Goods and Service Tax. According to the objectives of the study, the research design is of descriptive in nature. Available secondary data was extensively used for the study. The objectives of the paper are, focused on about Goods and Service Tax and its impact on the FMCG. And also examine Key Takeaways of the Model GST. With the implementation of Goods and Service Tax, FMCG sector would really change. GST will alter the present system of production-based taxation to a consumption-based one. FMCG sector is the major taxation contributor both direct and indirect in the economy. The multiplicity of the taxation influences the company’s decision on manufacturing location and distribution of Goods.