GST Reforms Will Be Transformational For The Business: Min Piyush Goyal

Union Minister of Commerce and Industry, Piyush Goyal, on Thursday, said that the reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand.

- TDG NETWORK

While addressing the Bharat Nutraverse Expo 2025, he noted that the industry can now aspire for a much greater volume of sales, creating a win-win situation for all.

Goyal urged the industry to ensure that every rupee saved through the GST reduction is passed on to consumers. "Businesses will gain from larger opportunities, while the entire GST benefit will be passed on to consumers," he said.

The Minister remarked that no one had expected such a wide range of products, goods, and services to benefit from the transformational reforms announced on Wednesday.