GST regime: Building materials sector biggest loser, FMCG main gainer, says Nischal Maheshwari

In a chat with ET Now, Nischal Maheshwari, Edelweiss Securities, says the biggest losers will be the building material sector where the rates have been maintained at around 28%, and main gainers from GST will clearly be FMCG where the tax rate for certain porducts have been brought down from around 24% to around 18%.