Investor Presentaiton
Recap: 'Accounting' impact of GST on HUL results
Net Excise Duty
PRE GST
Excise a cost; Turnover gross of excise
POST GST
Turnover is net of GST
IMPACT
POST GST
Hindustan Unilever Limited
With effect from 1st July'17
Net Input taxes
Input tax credit availed partially.
Balance accounted in costs
Input taxes subsumed under GST and
netted from turnover
Costs lower as full input tax credit
and full CENVAT in fiscal sites
availed
With effect from 1st Oct'17
Fiscal exemption/ refund
Benefit of Indirect tax fiscal exemption and
refund in excise duty cost
Reported as Other Operating Income,
consequent to the budgetary support
scheme released in October'17
Reported Turnover:
Lower
Reported Turnover:
Absolute EBITDA:
EBITDA margin:
EPS:
No impact
Higher
No impact
Absolute EBITDA:
EBITDA margin:
EPS:
Lower
No impact
Higher
No impact
Reported Turnover:
Absolute EBITDA:
EBITDA margin:
Lower
No impact
Higher
EPS:
No impact
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