GST reforms to inject ₹2L crore into economy: FM Sitharaman

‘PEOPLE WILL HAVE MORE CASH IN HAND’

- OUR CORRESPONDENT

Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent.

‘The rejig has resulted in 90 per cent items under 28 per cent tax slab slipping into the 18 per cent bracket,

She said several companies, including some FMCG giants, are voluntarily coming forward to give rate cuts and pass on the benefit to consumers even before September 22, the implementation date for the new GST regime.