Common Man’s Commodities to Turn Cheaper After GST Implementation from July 1
Team Udayavani, Jun 9, 2017, 10:49 AM IST
New Delhi: Some of the commodities consumed by common man on daily basis are expected to become cheaper after the implementation of Goods and Services Tax (GST) in the country from July 1, 2017.
Food grains and flours including, Cereals, Pulses, Atta, Maida and Besan will have zero rates after the GST law comes into force and as a result of which, these items will be available at cheaper rates to the common man at large.
Except branded ones with registered trade mark in whose case GST will be charged at the rate of 5 %.
Commodities including fresh milk, fresh vegetables and fruits, puffed rice (muri), common salt, animal feed, organic manure, fire wood, raw silk/raw wool/jute and hand operated agriculture equipment are likely to become cheaper in the range of approximately 4-5% as compared to their existing prices as no GST will be levied on the items.
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