GST (Goods & Services Tax) is a Boon for Household Items
Posted on: 2017-07-12 07:07:33
Goods and Services Tax (GST) is economic freedom from cascading and complicated tax regime. GST will bring in not only transparency but also economic integration. And economic integration will strengthen the national integration. This is the larger objective of GST Council.
The goods and services tax (GST) is a radical step towards the country’s transformation into a common market. GST is applicable mainly for manufacturer, service provider and trader. In other word we can say GST is applicable for businesses and won’t affect directly to the salaried class, self-employed professionals and mostly for normal people.
So common man can take the benefits of GST, these people have no worry about the implementation of goods and services tax. It will drive their live better; GST is helpful for household items which are used regularly by common man. I think a single tax can bring down prices for most households.
Here you can see the different categories of tax rates on various items that we are using regularly in our day-to-day life.
Goods and Services Tax (GST) @ 0%
- Unpackaged Food Grains
- Fresh Vegetables
- Unbranded Atta
- Unbranded Maida
- Unbranded Besan
- Gur
- Milk
- Eggs
- Curd
- Lassi
- Unpackaged Paneer
- Unbranded Natural Honey
- Palmyra Jaggery
- Salt
- Kajal
- Phool Bhari Jhadoo
- Children’s Drawing and Colouring Books
- Education Services
- Health Services
Goods and Services Tax (GST) @ 5%
- Sugar
- Tea
- Roasted Coffee Beans
- Edible Oils
- Skimmed Milk Powder
- Milk Food for Babies
- Packed Paneer
- Cashew Nuts
- Raisin
- PDS Kerosene
- Domestic LPG
- Footwear (upto Rs. 500)
- Apparels (upto Rs. 1000)
- Agarbatti
- Coir Mats
Goods and Services Tax (GST) @ 12%
- Butter
- Ghee
- Almonds
- Fruits Juice
- Packed Coconut Water
- Preparation of Vegetables, Fruits, Nuts or other parts of Plants including Pickle, Murabba, Chuntey, Jam and Jelly
- Umbrella
- Mobiles
Goods and Services Tax (GST) @ 18%
- Hair Oil
- Toothpaste
- Soap
- Pasta
- Corn Flakes
- Soups
- Ice-Cream
- Toiletries
- Computers
- Printers
Really GST will helpful to integrate the nation’s economic growth and development by binding a single thread of tax system in all over the India.
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