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GST effect: How retail inflation rate changed over the last 3 years

The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years

Topics
Goods and Services Tax | GST | GST Bill

Indivjal Dhasmana 

The consumer price index-based inflation rate is dependent on food prices, even as GST is levied only on packaged items. However, inflation in some items did get impacted by GST.

For instance, the Council raised the cess on cigarettes by up to Rs 792 per 1,000 sticks just 18 days after the new indirect tax system was rolled out. ALSO READ: Three years of GST: Still a long way to go for 'Good and Simple Tax' The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years. Here’s a look at how the inflation rate ...

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First Published: Mon, June 29 2020. 01:05 IST
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