New Delhi, Oct 18 (UNI) Finance Minister Nirmala Sitharaman today said that GST rate reduction has resulted in an increase in purchases and the government is closely monitoring 54 items where the prices are reduced and tax benefit is reaching the consumer.
“ GST 2.0 reforms have given a major boost to the country’s economy, leading to record sales across key sectors such as electronics, automobiles and consumer goods during the festival season,” Sitharaman said while addressing a joint press conference with Information and Broadcasting Minister Ashwini Vaishnaw and Commerce and Industry Minister Piyush Goyal here.
“ Out of 54 daily use items we have been closely monitoring, we find that in every one of them, the tax benefit due to the GST Reforms has been passed to the end-consumer,” Si