Union Finance Minister Nirmala Sitharaman addresses a press convention in New Delhi on October 18, 2025. Picture credit score: PTI
Finance Minister Nirmala Sitharaman on Saturday (October 18, 2025) stated the advantages of GST reforms are reaching customers within the type of decrease costs.
Addressing a press convention on GST Bahat Utsav, he stated for the reason that GST discount got here into impact on September 22, the federal government has been monitoring value reductions on 54 gadgets throughout the nation.
“The discount in GST charges has led to a rise in purchases. The increase in consumption will proceed,” Sitharaman stated.
“We consider that income are being handed on by firms on all such gadgets,” she added.
For some gadgets, companies are passing on extra to customers than the weighted common GST price discount profit.
Sitharaman stated the Ministry of Client Affairs had acquired 3,169 complaints associated to non-reduction in costs commensurate with GST discount. Of those, 3,075 complaints had been forwarded to the nodal officer of the Central Board of Oblique Taxes and Customs (CBIC). A complete of 94 complaints had been resolved by the division.
The ministry will allow the power of a grievance reporting portal to allow forwarding of complaints to the commissioners of the respective zones the place they’re lodged, the minister stated.
A brand new decrease GST price was launched from September 22, leading to value cuts for 375 gadgets, from toothpaste and shampoo to automobiles and televisions.
The 5, 12, 18, and 28 p.c tax charges might be break up into two charges, 5 p.c and 18 p.c, leading to 99 p.c reductions on on a regular basis gadgets.
