Goods and Services Tax (GST) has been rolled out. From 1st July 2017, as the prices of goods and services are going to change, it will impact every Indian. The GST Council has fixed the tax rates for 1,211 items, keeping a majority of these in the 18% slab.
Below is the list of the goods and services that will become cheaper from 1st July, as GST goes LIVE:
Milk powder, Curd, Butter milk , Unbranded natural honey, Dairy spreads, Cheese, Spices, Tea, Wheat, Rice, Flour, Groundnut oil, Palm oil, Sunflower oil, Coconut oil, Mustard oil, Sugar, Jaggery, Sugar confectionery, Pasta, Spaghetti, Macaroni, Noodles, Fruit and vegetables, Pickle, Murabba, Chutney, Sweetmeats, Ketchup, Sauces, Toppings and spreads, Instant food mixes, Mineral water, ice, Sugar, Khandsari, Biscuits, Raisins and gum, Baking powder, Margarine, Cashew nuts.
Items of daily use
Bathing soap, Hair oil, Detergent powder, Soap, Tissue papers, Napkins, Matchsticks, Candles, Coal, Kerosene, LG domestic, Spoons, Forks, Ladles, Skimmers, Cake servers, Fish knives, Tongs, Agarbatti, Toothpaste, Tooth powder, Hair oil, Kajal, LPG stove, Plastic tarpaulin.
Notebook , Pens, All types of paper, Graph paper, School bag, Exercise books, Picture, Drawing and coloring books, Parchment Paper, Carbon paper, Printers
Insulin, X-ray films for medical use, Diagnostic kits, Glasses for corrective spectacles, Medicines for diabetes and cancer.
Silk , Woollen fabrics, Khadi yarn, Gandhi topi, Footwear below Rs 500, Apparel up to Rs 1,000
Diesel engines of power not exceeding 15HP, Tractor rear tyres and tubes, Weighing machinery, Static converters (UPS), Electric transformers, Winding wires, Helmet , Crackers and explosives, Lubricants, Bikes, Movie tickets less than Rs100, Kites, Luxury cars, Motorcycles, Scooters, Economy-class air tickets, Hotels with tariff below Rs7,500, Cement, Fly ash bricks and blocks