This story is from July 01, 2017

GST rollout: What will be cheaper or dearer

India has launched Goods and Services Tax, the biggest tax reform since its Independence. Here's a comprehensive list of goods and services which have become cheaper and costlier starting today.
GST rollout: What will be cheaper or dearer
PM Modi addressing Parliament at the special midnight launch event.
The Goods and Services Tax (GST), India's biggest tax reform since Independence, rolled out past midnight Friday in the precincts of the hallowed Central Hall of Parliament to usher in a new indirect tax regime in an event that sought to evoke memories of the famous 'Tryst with Destiny' night the country got freedom in 1947.Here's a comprehensive list of goods and services which have become cheaper and costlier starting today. What is GST? Read hereGST rollout: Complete coverageItems that will now cost less: Eatables 1. Milk powder 2. Curd 3. Butter milk 4. Unbranded natural honey 5. Dairy spreads 6. Cheese 7. Spices8. Tea 9. Wheat 10. Rice 11. Flour 12. Cashew nuts 13. Groundnut oil 14. Palm oil 15. Sunflower oil 16. Coconut oil 17. Mustard oil 18. Sugar 19. Jaggery 20. Sugar confectionery 21. Pasta 22. Spaghetti 23. Macaroni 24. Noodles 25. Fruit and vegetables 26. Pickle 27. Murabba 28. Chutney 29. Sweetmeats 30. Ketchup 31. Sauces 32. Toppings and spreads 33. Instant food mixes 34. Mineral water 35. ice 36. Sugar 37. Khandsari 38. Biscuits 39. Raisins and gum 40. Baking powder 41. Margarine Here is how India's largest tax reform will affect your monthly budgetItems of daily use 1. Bathing soap 2. Hair oil 3. Detergent powder 4. Soap 5. Tissue papers 6. Napkins 7. Matchsticks 8. Candles 9. Coal 10. Kerosene 11. LPG domestic 12. Spoons 13. Forks 14. Ladles 15. Skimmers 16. Cake servers 17. Fish knives 18. Tongs 19. Agarbatti 20. Toothpaste 21. Tooth powder 22. Hair oil 23. Kajal 24. LPG stove 25. Plastic tarpaulin Stationery 1. Notebooks 2. Pens 3. All types of paper 4. Graph paper 5. School bag 6. Exercise books 7. Picture, drawing and colouring books 8. Parchment paper 9. Carbon paper 10. Printers Healthcare 1. Insulin 2. X-ray films for medical use 3. Diagnostic kits 4. Glasses for corrective spectacles 5. Medicines for diabetes, cancer Apparels 1. Silk 2. Woollen fabrics 3. Khadi yarn 4. Gandhi topi 5. Footwear below Rs 500 6. Apparel up to Rs 1,000 Others 1. Diesel engines of power not exceeding 15HP 2. Tractor rear tyres and tubes 3. Weighing machinery 4. Static converters (UPS) 5. Electric transformers 6. Winding wires 7. Helmet 8. Crackers and explosives 9. Lubricants 10. Bikes 11. Movie tickets less than Rs 100 12. Kites 13. Luxury cars 14. Motorcycles 15. Scooters 16. Economy-class air tickets 17. Hotels with tariff below Rs 7,500 18. Cement 19. Fly ash bricks and blocksGST Rates list: Here's your complete guideItems that will now cost more: 1. Paneer 2. Cornflakes 3. Coffee 4. Masala powder 5. Curd 6. Ghee 7. Biscuits 8. Chewing gum9. Ice-cream 10. Tea 11. Chocolates 12. Spices 13. Ayurvedic and other alternative medicines 14. Gold 15. Hotels with room tariffs above Rs 7,500 16. Fine-dining restaurants 17. Restaurants inside five-star hotels 18. Movie tickets above Rs 100 19. Concerts 20. IPL matches 21. Clothes above Rs 1,000 22. Shampoos 23. Perfumes 24. AC and first-class rail tickets 25. Business-class 26. Air-conditioner 27. Fridge 28. Washing machine 29. Television 30. Courier services 31. Mobile phone charges 32. Insurance premiums 33. Banking charges 34. Broadband services 35. Credit card bill 36. Two-wheelers with engine capacity of more than 350 cc 37. Small and mid-size cars 38. SUVs 39. Fishing nets 40. Smartphones 41. Laptops 42. Desktops 43. Yoga mats 44. Fitness equipment 45. Aerated drinks 46. Cigarettes 47. Tobacco 48. Alcoholic drinks 49. Luxury goods
End of Article
Follow Us On Social Media