The goods and services (GST),which is set to be rolled out on 1 july, which is going affect household budget with finance minister decllaration with the point “will not be inflationary“and n some instance price are likely to be drop.
A host of daily consumption item like fruits, vegetable, milk cereals have been exempted from tax while others like coffee, sugar, tea have been placed in lowest slab of 5%.
Luxury cars will attract 28% GST plus cess of 15%,while the petrol cars will face 28% GST plus cess 1%, and diesel cars 28% GST plus cess of 3%, consumers durable will face total tax about 32% now, and it will be 28%.
GST council had loud decision making body for the tax, look twisted steped ahead while finialising tax framework. Related Tags GST
