The breadth and depth of the new rate cuts, analysts at Bernstein said, especially in the fast-moving consumer goods (FMCG) categories saw rate reductions well beyond what they thought was possible
The GST council in its meeting approved the proposal that footwear items up to ₹2,500 will be taxed at 5% while above ₹2,500 shall be taxed at 18%.
Footwear stocks surged today as reports suggest GST on shoes under ₹2,500 may be cut to 5 per cent from 12 per cent at the upcoming GST Council meet. Relaxo, Liberty, Campus Activewear shares gain