Govt working to ensure benefits of GST rate cuts passed on to consumers

The government is considering reactivating an anti-profiteering mechanism alongside next month’s expected GST rate rationalisation to ensure businesses immediately pass on the benefits of lower GDP rates to consumers, people familiar with the matter said.

- Rajeev Jayaswal

The move comes as the GST Council prepares to meet on September 3-4 to discuss the Centre's proposal to slash tax slabs from four to two, potentially making everyday items cheaper ahead of the festive season.