Consumer, Paint Stocks Surge After Government Cuts GST Rate

Gold Silver Reports (GSR) – Asian Paints, Berger Paints, Relaxo Footwears, Bata India, Havells India and Procter & Gamble shares all climb to record high closing levels after the government cut goods and services tax rate.      

GST panel on Saturday reduced goods and services tax on more than 50 products.        

Value limit of footwear was raised from Rs 500 to 1,000 for 5 percent rate; GST on paints, refrigerators, washing machines, vacuum cleaners, water heaters, small TVs reduced to 18 percent from 28 percent.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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