What's the story

The Indian government is keeping a close watch on the transmission of recent Goods and Services Tax (GST) rate cuts to consumers. Senior officials have said that no action will be taken until field inputs are analyzed by September 28. Over 50 products across various categories are under review as part of the government's ongoing monitoring exercise, following the decisions made at the 56th GST Council meeting earlier this month.

Sector response

Big businesses leading the transition

Initial monitoring indicates that nearly 90% of sectors are already reflecting the tax cut in their pricing. However, unregistered small retailers are likely to take more time until their old stock clears. Big businesses such as cement and automobile firms are expected to lead this trans

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