New Delhi, Sept. 4 -- Commerce and Industry Minister Piyush Goyal today said the sweeping GST reforms will be transformational for businesses, with the nutraceuticals industry being one of the biggest beneficiaries.
"The reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand and businesses will gain from larger opportunities, while the entire GST benefit will be passed on to consumers," the minister said addressing the Bharat Nutraverse Expo 2025 here.
Goyal said the move has created a win-win scenario where businesses can aim for higher sales volumes while consumers enjoy lower prices. "Every rupee saved through GST reduction is passed on to consumers," he urged industry leaders. The rationalisatio...