The 56th meeting of the GST Council will be held today and tomorrow under the chairmanship of the Finance Minister, in which large GST reforms can be announced. After Prime Minister Modi’s August 15 address, the meeting is expected to remove two GST slabs and cut rates. Reduce GST on FMCG and electronics products will directly benefit the general public, which will reduce their pockets and increase demand in the market. The Auto sector which is already struggling with weak demand is also likely to get relief. Currently, cars have 28% GST and Cess, which can be reduced to 18% – this will reduce prices and increase sales in the festive season. Stocks like Hul, Dabur India, Tata Consumer will be monitored in the FMCG sector, as there is talk of bringing milk powder, hair oil, cooking oil and ready to eat products into 5% slab. At the same time, insurance companies like LIC, HDFC Life, SBI Life, Bajaj Finserv are also on radar. Are you thinking of investing in these stocks? Tell me in the comment!
Signs of big cuts in GST! Auto, FMCG and Insurance Sector will be seen in the stir. Paisa Live | Signs of a big cut in GST! Auto, FMCG and Insurance Sector will see a stir
