Following the government’s GST rate reductions on numerous goods and services, Indian companies are adjusting prices to benefit consumers by September 22. FMCG firms may increase product quantity for fixed-price items. White goods companies anticipate a demand surge, while hotels offer reduced rates for check-in payments. Car dealers, however, face potential losses due to existing inventory and revised cess structures.
Govt revamps GST: Rates reduced on nearly 400 goods — Here’s how cuts will reach consumers by Sept 22
