Industry must pass on GST benefits to consumers: Goyal
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Union Commerce and Industry Minister Piyush Goyal on Thursday described the reduction in GST rates as “game-changing” and the “biggest reform” since independence, as he asked the industry to pass on the full benefit to consumers.
The minister said the GST reforms would boost demand in almost all sectors and support the economic growth of the country.
He also asked the industry to promote Made in India in a big way.
Addressing an event here, the minister said the reduction in GST would benefit every consumer.
“Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, i
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ought could be big has turned out to be the biggest ever reform that India has seen since independence. Besides many dimensions, consumers will benefit in a very big way with the reduction in taxes across the board, on almost all items of our day-to-day needs,” Goyal said.
Besides the reduction in GST rates, the minister said the changes made in the process and procedure will contribute to the ease of doing business.
“These lower rates will support the growth of demand and industry. The scale of operation in the country will grow by leaps and bounds. Greater demand will lead to greater investment, greater jobs, and the virtuous cycle of growth will get a leg up and a big boost,” he said.
This Diwali gift will contribute to ease of liv
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