Revised GST slabs boost market activity and consumer confidence

A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal on Saturday.

- TBG NETWORK

Goyal said this in a joint press conference with Finance Minister Nirmala Sitharaman and IT Minister Ashwini Vaishnaw. Speaking on the ease the reformed GST system has given to the consumers, Union Ministers hailed the recent GST rate rationalisation as a major driver of economic momentum during this year’s festive season:The Union Ministers highlighted that the GST rate rationalisation reforms, which came into effect on September 22, have led to increased consumer demand, price reductions, and a visible boost in key sectors such as au