GST rollout in India on July 1: Here's what will become cheaper for the benefit of common man

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

GST is touted as a single way to revolutionise India's indirect tax regime by being a more efficient system which will result in better tax compliance and includes more people in the formal economy. 

The Good Services Tax Council has fixed the GST rates for products and services in four tax slabs of 5%, 12%, 18% and 28% along with additional cess of selected products and services. The all-powerful council has also exempted some products such as food grains, fresh vegetables, meat, contraceptive as well as services like education and healthcare have also been kept tax free. 

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

Electronics

- Computer Monitors

- Printers

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Bamboo Furniture

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

-Lenses

-Glasses

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Toilet cases

- Handbags

- Handbags of other material excluding wicker work or basket work

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Head gear and parts

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Kajal

- Human hair, dressed, thinned, bleached

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Electrical Filament

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

-Mats

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

-For children

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Oil

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Indoor Game Items

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

-Bari made of pulses

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Cereal

- Salt

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Processed Vegetables, fruits and pickle

- Ketchup and sauces

- Currypaste, mayonnaise and salad dressing

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

-Kitchen items

GST rollout on July 1 Heres what will become cheaper for the benefit of common man

- Stamps

- Coins