Full benefits of GST rate cuts must be passed on to consumers, says Piyush Goyal

Full benefits of GST rate cuts must be passed on to consumers, says Piyush Goyal https://www.taxtmi.com/news?id=54969 The minister urged that the full benefits of GST rate cuts and simplification be passed on by industry to consumers to boost domestic demand, increase earnings and employment, and create a virtuous cycle of growth. He linked this pass-through to policy goals of promoting Made-in-India procurement, supporting MSMEs, ensuring product quality under Zero Defect Zero Effect, and upholding sustainability commitments to strengthen economic foundations and international trust. en-us Mon, 08 Sep 2025 16:16:03 +0530 Mon, 08 Sep 2025 16:16:03 +0530 TaxTMI RSS Generator Full benefits of GST rate cuts must be passed on to consumers, says Piyush Goyal https://www.taxtmi.com/news?id=54969 The minister urged that the full benefits of GST rate cuts and simplification be passed on by industry to consumers to boost domestic demand, increase earnings and employment, and create a virtuous cycle of growth. He linked this pass-through to policy goals of promoting Made-in-India procurement, supporting MSMEs, ensuring product quality under Zero Defect Zero Effect, and upholding sustainability commitments to strengthen economic foundations and international trust. News - Mon, 08 Sep 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=54969