Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1 st July...
Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1st July, 2017.
As a result of which these items will be available at cheaper rates to the common man at large:
1) Foodgrains and flours
Except branded ones with registered trade mark in whose case GST will be charged at the rate of 5 %.
2) Fresh milk
3) Fresh vegetables and fresh fruits
4) Puffed rice (muri)
5) Common salt
6) Animal feed
7) Organic manure
8) Fire wood
9) Raw silk/raw wool/jute
10) Hand operated agriculture equipments.
Due to no GST on these items, most of them are expected to become cheaper in the range of approximately 4-5% as compared to their existing prices.