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Government demands businesses pass full GST cuts to consumers to fight inflation.
The government has urged businesses to pass on the full benefit of recent Goods and Services Tax (GST) reductions to consumers, emphasizing that the tax cuts are meant to lower prices and ease inflationary pressures.
Officials are monitoring pricing behavior closely and may take enforcement action against firms that retain the savings.
The move, part of a broader economic strategy to support households and stimulate spending, applies across sectors and is aimed at boosting affordability, particularly for essentials.
While specific penalties were not outlined, the directive reflects concerns over inflation and the need for fair pricing.
The reforms are also seen as a step toward economic resilience, with potential long-term benefits for consumers and businesses alike.
El gobierno exige que las empresas pasen los recortes de GST completos a los consumidores para combatir la inflación.