As per the recent tweet of CNBC-TV18, the Government sources says that, after receiving several representations to waive GST on mass consumption products for spurring demand, Govt sources say it is not an option.
- GST waiver won’t benefit consumers, rather increases compliance burden for industry
- GST waiver, if allowed, will block input tax credit & working capital of industry; will pus up costs TV18
Source: https://twitter.com/CNBCTV18Live/status/1262635141978927104