GST rollout on July 1 Heres what will become cheaper for the benefit of common man
GST is touted as a single way to revolutionise India's indirect tax regime by being a more efficient system which will result in better tax compliance and includes more people in the formal economy.
The Good Services Tax Council has fixed the GST rates for products and services in four tax slabs of 5%, 12%, 18% and 28% along with additional cess of selected products and services. The all-powerful council has also exempted some products such as food grains, fresh vegetables, meat, contraceptive as well as services like education and healthcare have also been kept tax free.
News Nation Bureau | Updated : 30 June 2017, 07:52:45 AM
GST rollout on July 1 : Here's what will become cheaper for the benefit of common man
Electronics
- Computer Monitors
- Printers
GST rollout on July 1 Heres what will become cheaper for the benefit of common man
GST is touted as a single way to revolutionise India's indirect tax regime by being a more efficient system which will result in better tax compliance and includes more people in the formal economy.
The Good Services Tax Council has fixed the GST rates for products and services in four tax slabs of 5%, 12%, 18% and 28% along with additional cess of selected products and services. The all-powerful council has also exempted some products such as food grains, fresh vegetables, meat, contraceptive as well as services like education and healthcare have also been kept tax free.
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Bamboo Furniture
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
-Lenses
-Glasses
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Toilet cases
- Handbags
- Handbags of other material excluding wicker work or basket work
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Head gear and parts
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Kajal
- Human hair, dressed, thinned, bleached
GST rollout on July 1:; Here's what will become cheaper for the benefit of common man
- Electrical Filament
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
-Mats
GST rollout on July 1: Here’s what will become cheaper for the benifit iof common man
-For children
GST rollout on July 1: Here’s what will become cheaper for the benifit iof common man
- Oil
GST rollout on July 1: Here’s what will become cheaper for the benifit iof common man
- Indoor Game Items
GST rollout on July 1: Here’s what will become cheaper for the benifit iof common man
-Bari made of pulses
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Cereal
- Salt
GST rollout on July 1: Here’s what will become cheaper for the benefit of common man
- Processed Vegetables, fruits and pickle
- Ketchup and sauces
- Currypaste, mayonnaise and salad dressing
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
-Kitchen items
GST rollout on July 1: Here's what will become cheaper for the benefit of common man
- Stamps
- Coins
