Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Prices will get reduced if GST comes down to 18% from 28%: VIP Industries

29 November, 2017 6:56 AM
40 0

If goods and services tax (GST) is 28 percent and it comes down to 18 percent, prices will automatically get reduced and will be passed on to the consumers, Dilip G Piramal, Chairman of VIP Industries said.

VIP Industries has been buzzing in trade, up almost 30 percent this month. In an interview with CNBC-TV18, Dilip G Piramal, Chairman of the company spoke about the latest happenings in his company and sector.

If goods and services tax (GST) is 28 percent and it comes down to 18 percent, prices will automatically get reduced and will be passed on to the consumers, he said.

Whatever sales we have lost in CSDs, we have made it up in the ordinary trade market, said Piramal.

Source: moneycontrol.com

Share in social networks:

Comments - 0