Traders in Jharkhand see brisk sales on Dhanteras festival, amid GST cuts
GST
Dated:- 18-10-2025
PTI
Ranchi, Oct 18 (PTI) Markets in Jharkhand are poised for brisk sales on the occasion of the Dhanteras festival on Saturday, amid the recent cuts in GST rates, traders said.
Sellers of automobiles, electronics and home appliances are betting big on the positive sentiment of consumers during the festival season, while jewellers are sceptical about sales due to skyrocketing gold prices, they said.
Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) president Aditya Malhotra told PTI, “The recent cuts in Goods and Services Tax (GST) have given a boost to the market on Dhanteras this year, particularly in sectors of a
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e flocking to the markets on Dhanteras, which will give a boost to small businesses.
The federation has urged the trading community to pass on the benefits of GST rate cuts to the consumers and introduce offers to attract customers, Malhotra said.
The GST Council, comprising the Centre and states, had reduced tax rates on about 375 goods and services from September 22.
The council approved simplifying GST from the four slabs to a two-rate structure – 5 and 18 per cent.
According to automobile dealers, there is pre-booking for around 5,000 two-wheelers and 2,000 four-wheelers only in Ranchi.
“The demand for SUVs is high. Besides, there is a huge surge in demand for electric vehicles, mainly the two-wheeler,” a trader said.
Malhotra sai
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