'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
Sanjay Agarwal, the chairman of the Central Board of Indirect Taxes and Customs, was speaking at NDTV Profit GST Conclave days after the Centre rolled out sweeping changes under GST 2.0.
