-
Sep 11, 2025
-
Speedy GST relief? Govt officials to meet industry stakeholders to fast-track benefits: Report
The Central Board of Indirect Taxes and Customs (CBIC) is reportedly meeting key industry representatives this week to make sure the recent reduction in goods and services tax (GST) rates is passed on to consumers. This is as per a report by Moneycontrol.
The Moneycontrol report elaborates that the board will meet stakeholders from three big sectors—hospitality, insurance and textiles—along with others over the coming days. The aim is to ensure that retail prices reflect the new GST rates from September 22
“The government is nudging industry for passing rate cuts benefits. We are hearing them too, to see if they require any support,” said one official to Moneycontrol.
|