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CII Urges Corporates to Transfer GST Rate Cut Benefits to Consumers Before Festive Season

  • CII urges Indian corporates to pass GST benefits to consumers
  • GST Council to discuss tax cuts to boost demand before the festive season
  • CII emphasizes that benefits should reach consumers
  • GST Council meeting scheduled for September 3-4
  • Proposal to reduce tax slabs from four to two
  • Concerns about manufacturers not passing benefits to consumers
  • Potential anti-profiteering mechanisms discussed
  • Significant tax reductions proposed for many items

Source: hindustantimes.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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