Finance Minister Nirmala Sitharaman on Saturday said that companies have passed on the benefit of GST cut on various goods. Based on the monitoring report of 54 goods, she said wherever actual reduction is lower that expected one, government will discuss with them.
She also categorically mentioned that that pick up in the consumption post September 22 is not a pent up demand.
Based on recommendations by GST Council, rate rationalisation made effective from first day of Navratri, i.e., September 22.
“Since September 22, we have been receiving information from the zonal levels on all items. However, we have been closely monitoring the prices of 54 products to ensure that the benefits of the revised tax structure are reaching the end consumers.. We are convinced that on every such item be