A mini-survey on prices of items after a year of GST
Posted on: 30/Jun/2018 3:23:15 PM
Let us have a look at the items whose prices were affected up or down as the impact of GST (Goods and Services Tax) which was implemented just a year ago.
GST on coffee and tea was reduced from 10% to 5%and the GST cooking oil was reduced from 15% to 5%. GST on chocolates was reduced from 29% to 18%
GST on ice-cream was reduced from 22.5% to 18%. The GST on toilet soaps for bathing and soaps/detergents for washing clothes was reduced from 30.5% to 18%, a reduction of 12.5%.
The GST on television was brought down from 30.5% to 18%. The GST on medicinal items was reduced from 15% to 12%.
On the other side of the issue, the GST on recharge of cell phones was increased from 15% to 18%. The GST on general insurance cover policy was also up from 15% to 18%. The GST on chicken meat was increased from 9% to 12%, The GST on butter was increased from 6% to 12% (double).
