Proposed GST reductions
When GST is increased: the firms pass on the base price + GST increase on the customers.
When GST is reduced: the firms will increase the base price + add the reduced GST & customers will pay the same price.
With anti profiteering authority being shut, how will Government ensure that companies actually pass the benefit to consumers ? more
When GST is reduced: the firms will increase the base price + add the reduced GST & customers will pay the same price.
With anti profiteering authority being shut, how will Government ensure that companies actually pass the benefit to consumers ? more
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By increasing their sales turnover, firms would naturally gain more profits. It is the most likely scenario and stock market prices of consumables indicate it. more
Aug 20
this issue needs to be taken up. The GST reduction is aimed at increase in sales due to reduced effective price. more
Aug 20
As usual this could be another JUMLA, this issue will be kept alive till 26election, then conveniently for gotten. Your apprehension is justified going by our past experience. Even the PSU banks have been either not passing on the rate cuts consumers or inreasing lending rates. more
Aug 20
