GST rate: Good news for common man, but watch out for rates on services

There were no unpleasant surprises. The first day of Srinagar’s crucial meeting of the Council on Goods and Services Tax (GST) has produced good news for the AAM Adami. Prices for most everyday items for a common man, including cereals, sugar, tea, medicines, vegetables, eggs, milk and cell phones, are kept at a moderate rate of 18 percent.
To clarify, a series of essential elements – fresh meat, fish, chicken, eggs, milk, buttermilk, curd, natural honey, fresh fruits and vegetables, flour, kiss, bread, Prasad, salt, bindi. Sindoor, stamps, court documents, printed books, newspapers, bracelets, labour, etc., are in the range of zero percent (read a history of economic times For the inhabitant of the city since there is no shock. Most of your favourite items, such as refined sugar, pasta, cereals, pastries, preserves, jams, sauces, soups, ice creams, instant food mixes, mineral water and tissue are in the 18 percent range. In short, approximately 81 percent of total products in January 2111 whose rates were decided Thursday are in the range of 18 percent or less.
For the sake of clarity, 14 percent of the articles are on the slab 5 percent, 17 percent below 12 percent, 43 percent below 18 percent, and 1 percent below the 28 percent limit. hundred. In the highest stretch are the items, including chocolate, masala bread, sparkling water, paints, deodorants, shaving creams, shavers, shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heaters, Dishwasher, weighing machine and washing machine.
As for demerit assets like tobacco and non-alcoholic beverages, it is likely that additional money will be used to offset initial state losses.
The daily use of most of the staple items in the lower tax slabs rejects some of the GST inflation concerns in the deployment phase, only in part. The total impact on inflation depends on many tariffs on services that were decided on Friday, day 2 of the Srinagar meeting.
As this writer has said on Thursday it is very important to keep the rate on the essentials to a minimum to avoid a high inflation discharge.

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