'GST rate cut benefits fully passed on to consumers, govt monitoring prices'

Finance minister Nirmala Sitharaman on Saturday said the government is monitoring the prices of 54 daily-use items and the benefits of GST rate cuts effective September 22 have been fully passed on to consumers in the form of reduced prices.

- OUR CORRESPONDENT

Union Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi, on Saturday

(PTI)

Addressing a press conference on 'GST Bachat Utsav', she also said in quite a few cases, a "more-than-expected" price reduction due to GST reforms has been passed on to end consumers.

"On these 54 items on which we have been getting inputs from the zonal areas ... we are convinced that on every such items the benefits are being fully passed on to consumers," Sitharaman said in a joint conference with Commerce and Industry Minister Piyush Goyal and IT Minister Ashwini Vaishnaw.