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
a. Cereals
b. Pulses
c. Atta
d. Maida
e. Besan
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.
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DSM/KA
