Nearly all e-commerce businesses have passed on the savings from recent GST rate reductions to customers, and many have offered extra Navratri discounts, according to Union Commerce and Industry Minister Piyush Goyal's statement on Saturday.

According to what we've seen, practically all e-commerce businesses implemented GST reductions and provided extra Navratri deals," Goyal stated.

He went on to say that a greater "Swadeshi" attitude is reflected in the festive season's consumer enthusiasm. "Everyday things like watches, pens, paper, cosmetics, and beauty products have all been made in a way that promotes pride in the nation and encourages people to purchase locally."

Everybody feels more "Swadeshi" today, and I am quite sure that the spirit that was produced from Navratri to the New Year has made its way into every home," he remarked.

Additionally, with the implementation of GST 2.0, which she referred to as one of the main growth engines, the government is seeing definite indications of better consumption patterns, according to Finance Minister Nirmala Sitharaman.
"The case for passing on benefits to consumers is strengthened by touching gross GST near Rs 2 lakh crore," Sitharaman stated. She stressed that the recent tax cuts were intended to free up funds for more expenditure, not just for the holiday season. She went on to say, "These cuts mean more collections, so better fiscal room to give back something."

"The pent-up demand was only for a month as people were waiting once they got the indication in August there will be GST cuts," the minister added, dismissing claims that the current spike in consumption was only transitory. Therefore, we shouldn't confuse it with spending money in retaliation. The effects of the GST reductions will last past the holidays. The story of consumption will go on.

Sitharaman added that the majority of GST's inverted duty structures had been fixed. "We will work things out. There are still a couple of things that may be inverted. However, inversion has mostly been fixed," she stated.Sitharaman reaffirmed the Center's stance on revenue sharing under the GST, emphasising that states and the Centre share accountability for losses and collection. We are all equally involved. If states are struggling, the Centre isn't sitting around with more money to give them. We all gather and place in a single bag, which we all remove," she remarked.