Daily Consumer goods being used by the common man among others to become cheaper after GST

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Capital Market
Last Updated : Jun 09 2017 | 9:47 AM IST
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:

1) Foodgrains and flours

a. Cereals

b. Pulses

c. Atta

d. Maida

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e. Besan

Except branded ones with registered trade mark in whose case GST will be charged at the rate of 5 %.

2) Fresh milk

3) Fresh vegetables and fresh fruits

4) Puffed rice (muri)

5) Common salt

6) Animal feed

7) Organic manure

8) Fire wood

9) Raw silk/raw wool/jute

10) 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.

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First Published: Jun 09 2017 | 9:21 AM IST

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