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Daily consumer goods to become cheaper after GST
Posted on: 09/Jun/2017 10:18:51 AM
Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1st July, 2017.
As a result of which these items will be available at cheaper rates to the common man at large:
- Foodgrains and flours
- Cereals
- Pulses
- Atta
- Maida
- Besan
Except branded ones with registered trade mark in whose case GST will be charged at the rate of 5 %.
- Fresh milk
- Fresh vegetables and fresh fruits
- Puffed rice
- Common salt
- Animal feed
- Organic manure
- Fire wood
- Raw silk/raw wool/jute
- Hand operated agriculture equipments.
Due to no GST on these items, most of them are expected to become cheaper in the range of approximately 4-5% as compared to their existing prices.
