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GST rate restructuring spurs festival-season demand as traders urge passing on tax cut benefits to consumers. The GST Council's reduction of rates and consolidation into a two-rate structure has stimulated festival-season demand across automobiles, electronics, home appliances and utensils, with traders urging the pass-through of tax benefits to consumers and deploying offers to capture increased sales, while bullion dealers remain cautious due to high gold prices.
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<h1>GST rate restructuring spurs festival-season demand as traders urge passing on tax cut benefits to consumers.</h1> The GST Council's reduction of rates and consolidation into a two-rate structure has stimulated festival-season demand across automobiles, electronics, home appliances and utensils, with traders urging the pass-through of tax benefits to consumers and deploying offers to capture increased sales, while bullion dealers remain cautious due to high gold prices.