Benefits of next-generation Goods and Services Tax (GST) reforms and rate reductions are reaching end consumers, with the consumption cycle expected to extend well beyond the festive season, the government said on Saturday. In the first official assessment of consumption trends since GST rate cuts took effect on September 22, top Union Ministers said the expected benefits of the tax cuts had reached consumers across all 54 items of daily use reviewed under the new GST regime.

“There is not one item among 54 being monitored by our zonal offices where tax benefit has not reached the consumers,” Finance Minister Nirmala Sitharaman said today delinking next-generation GST reforms from the US tariff issue.

She said these reforms had been in the making for over a year when US tariffs were not

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