Budget 2024: Lower GST demand listed by Delhi Market Association officials
As the Union Budget 2024-25 approaches on July 23, various stakeholders are presenting their proposals and recommendations to Finance Minister Nirmala Sitharaman, hoping for favourable outcomes.
The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and shop rentals, aiming to stimulate consumer spending and boost sales.
Here’s what the Delhi Market Association expects in the Union Budget 2024:
“We want the GST to be reduced on the rentals of the shops. In south Delhi and other markets, the rentals are already very high, and a further GST rate of 18 per cent on them pinches our pockets,” said Vikram Bhasin, President of GK-2 Market Association, regarding his budget expectations.
