GST rate cut benefits fully passed on to consumers, govt monitoring prices: Sitharaman
GST
Dated:- 18-10-2025
PTI
New Delhi, Oct 18 (PTI) Finance Minister Nirmala Sitharaman on Saturday said the government is monitoring the prices of 54 daily-use items and the benefits of GST rate cuts effective September 22 have been fully passed on to consumers in the form of reduced prices.
Addressing a press conference on 'GST Bachat Utsav', she also said in quite a few cases, a “more-than-expected” price reduction due to GST reforms has been passed on to end consumers.
“On these 54 items on which we have been getting inputs from the zonal areas… we are convinced that on every such items the benefits are being fully passed on to consumers,” Sitharaman said in a joint conference with Commerce and Industry Minister Piyush Goyal and IT Minister Ashwini Vaishnaw.
Effective September 22, Goods and Services Tax (GST) have become a two-tier tax structure of 5 and 18 per cent, and a spe
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of cement of one or two brands, all cement companies have reduced prices. GST on cement, which is the largest input cost in construction activities, was cut from 28 per cent to 18 per cent.
Sitharaman also said the Department of Consumer Affairs has received 3,169 complaints related to non-reduction in prices commensurate with GST cut. Of this, 3,075 complaints have been forwarded to nodal officers in the Central Board of Indirect Taxes and Customs (CBIC). Total 94 complaints have been resolved by the department.
The department will enable a functionality on the grievance reporting portal so that the complaints can be forwarded to the chief commissioners of the respective zones from where complaints have come in, the minister said.
In his Independence Day address, Prime Minister Narendra Modi had announced that the next-gen GST reforms, which included rate cuts and pruning of slabs, and removing inverted duty structure, would be implemented before Diwali. The GST Council, compris
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When asked if some e-commerce firms have not passed on the benefits of GST cut to consumers, the minister said that normally all companies have passed on the benefits and above that they have announced cash bonuses and discounts also.
“But if any site or platform has not passed on the benefits …consumer affairs (department) can take action …all industry and businesses have assured me that full benefit will be passed on to consumers,” he added.
IT Minister Ashwini Vaishnaw said when GST reform was announced there were different estimates of rise in consumption. Last year, the GDP size was Rs 335 lakh crore, of which Rs 202 lakh crore was from consumption and Rs 98 lakh crore from investment.
Because of GST reforms consumption will be significantly increasing and quite likely that the consumption will increase more than 10 per cent this year, which means there is possibility of about Rs 20 lakh crore extra consumption this fiscal compared to last fiscal. PTI JD HVA
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