Centre to Keep Vigil to Ensure GST Benefits Passed Fully to Consumers

The decision was an outcome of nearly year-long consultation among secretaries & finance ministers of states and the Centre, says Goyal

- OUR CORRESPONDENT

NEW DELHI: The Centre will keep vigil to ensure that the benefits of GST rationalisation are passed on fully to consumers, Union Commerce and Industry Minister Piyush Goyal said on Friday, stating that the industry has given him assurance that the entire fall in taxes on various items will be reflected in their prices.

The GST Council's decision to bring all products, except sin goods, under 5 per cent and 18 per cent slabs, while reducing it to zero on a host of essential items will kick in from September 22, the first day of Navratra.

Addressing a BJP press conference, Goyal also rejected the contention that the US decision to impose 50 per cent tariff on India might have prompted the Modi government to turn to reforms, as he said that the decision was an outcome of nearly year-long consultation among secretaries and finance ministers of states and the Centre.