GST rate cuts impact: FM Sitharaman says reforms to inject Rs 2 lakh crore into economy; ‘people will have cash in hand’
Finance Minister Nirmala Sitharaman announced that GST rate cuts, effective September 22, are expected to inject Rs 2 lakh crore into the economy. Post-reform, most items have shifted to lower tax brackets. Companies are reportedly reducing rates, passing benefits to consumers.
Finance Minister Nirmala Sitharaman announced that GST rate cuts, effective September 22, are expected to inject Rs 2 lakh crore into the economy. Post-reform, most items have shifted to lower tax brackets. Companies are reportedly reducing rates, passing benefits to consumers.
