GST Rate Cut 30 Of 54 Daily-Use Items See More-Than-Expected Price Reduction

As many as 30 of the 54 daily-use items monitored by the government over the past almost a month has seen more-than-expected price cuts post reduction in GST rates, while for others the government will work with the industry to ensure further reduction in retail prices.

- Press Trust Of India

Government data showed that while prices of all 54 items have come down since September 22, the actual price cut in case of 24 items was less than the initial estimate of the government.

The government had asked its Central GST field offices to monitor price changes of 54 commonly used items like butter, ghee, cheese, powder, soap and others after lower Goods and Services Tax (GST) rates were implemented from September 22.