Quote on GST Rate Cut by Shripal Shah, MD & CEO, Kotak Securities
Below the Quote on GST Rate Cut by Shripal Shah, MD & CEO, Kotak Securities
The GST rate cuts come at the right time which is just ahead of the festive season and against the backdrop of US tariff tiffs. Lower taxes on essentials, FMCG products, autos and cement will leave consumers with more money in hand. This should directly boost demand, help traders and businesses see higher volumes, and may even favourably impact next quarter’s earnings. It also carries the potential to ease inflation. The key will be how quickly companies pass on the benefits to customers and if done well, this move can lift both sentiment and spending
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