GST from 1st July - the price changes for items
Posted on: 09/Jun/2017 11:36:02 AM
- There will be no GST for milk, vegetables, snack items made of rice, normal salt, organic fertilizers, cattle and animal feed, wood logs, raw silk, blankets, jute, and hand-operated agricultural equipment. So, the prices of these items might reduce.
- 5% GST is imposed for branded food grains and flour items.
- GST of 18% is imposed on cosmetic items like soaps, toothpastes, and hair oil from the existing 22-24%. So, the prices of these items will come down.
- GST for the consumer durables such as washing machines, refrigerator, mixie, and the grinder will be 28% instead of the current 30-32%. So, the prices of these items will also come down.
The secretary of the central revenue department explained that out of the 1200 items and above, 7% items have been exempted from GST. 14% items have 5% GST. 17% items will have 12% GST slab. 43% of the items will have 18% GST slab.19% items will have 28% GST slab.
