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GST: What's Cheaper & What's Costlier?

By:  Tupaki Desk   |   1 July 2017 6:45 AM GMT
GST: Whats Cheaper & Whats Costlier?
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July 1st, 2017 holds a special place in the Indian history. The biggest tax reform in the country is being implemented from this day onwards. GST Council has fixed Taxes as 1,211 Products. They were placed in one among (0/5/12/18/28) Tax Slabs considering various aspects. Most of the products have fallen in the 18 percent tax slot.

What's gonna be Costlier?

Paneer, Cornflakes, Coffee, Masala Powder, Chocolates, Ghee, Biscuits, Ice Cream, Tea.

ACs, Refrigerators, Washing Machines, TV, Laptop and Desktop

What's gonna be Cheaper?

Soaps, Coconut Oil, Detergent Powder, Tissue Paper, Napkins, Match Box, Candles, Spoons, Forks, Skimmers, Toothpaste, Tooth Powder, LPG Stove, Plastic Tarpaulins.

Pens, Notebooks, School Bag, Color Books, Printers, Carbon Paper

Insulin, X-Ray Film, Diagnostic Kits, Cancer-Diabetic Medicine

Silk/Woolen/Khadi Clothes, Gandhi Cap, Footwear below Rs 500 and Clothes below Rs 1,000

Electric Diesel Engines under 15 HP, Weighing Machine, Tractor Tyres & Tubes, UPS, Electric Transformers, Helmets, rackers, Bikes, Cinema Tickets below Rs 100, Luxury Cars, Cement, Bricks and Fertilizers.