Govt tells companies to pass on GST gains immediately

The government is asking consumer goods companies as well as others dealing with over 200 items, where goods and services tax (GST) has been reduced, to immediately pass on the gains to consumers. A senior officer told TOI that with the levy slashed from 28% to 18% for 176 items, including shampoo, washing powder and deodorants, the government expected prices to come down by 8-9%. The official add…