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GST Launched: Check List of Cheaper Things under One Nation One Tax

GST Launched Midnight
Written by Team Maffat

Finally, on 30 June 2017 midnight, Indian government and may be many people stayed awake to create the Indian economy. Since independence India finally get the most ambitious economic reform in the sense of GST.

GST is Goods and Service Tax. Now with GST there is ‘One Nation One Tax’. At Midnight, Prime Minister Narendra Modi and President Pranab Mukherjee pressed the button for rollout of GST. PM Modi represented it as ‘Cooperative federalism’. Prime Minister spoke for almost 30-minutes and he also remembered Sardar Patel.

PM also added that with GST, it would help some poorer states of our country. He said, “The poor will benefit the most from GST, which is a work of Team India. It will also put an end to black money and corruption,”

President Pranab Mukherjee also praised this economic reform. He said, “It is remarkable that 18 meetings have been held so far and all decisions were by consensus. GST is a tribute to the maturity and wisdom of India’s democracy.”

GST Rates and its Effect

Earlier all oppositions decided not to attend the GST launch event session but Congress, JDS, JDU all were present for the launch ceremony of GST. Indian businessman Ratan Tata and RBI governor Urjit Patel was also present.

Under GST there will be 4 slabs and it will be completely computerized filing system. But still there are many loopholes and many problems to overcome. According to Confederation of All India Traders, nearly 60 percent of small businesses in the country are yet to adopt computerisation in their existing business format.

Let’s check out list of things that will cost less or become cheaper:

Eatables

Milk powder

Curd

Butter milk

Unbranded natural honey

Dairy spreads

Cheese

Spices

Tea

Wheat

Rice

Flour

Cashew nuts

Groundnut oil

Palm oil

Sunflower oil

Coconut oil

Mustard oil

Sugar

Jaggery

Sugar confectionery

Pasta

Spaghetti

Macaroni

Noodles

Fruit and vegetables

Pickle

Murabba

Chutney

Sweetmeats

Ketchup

Sauces

Toppings and spreads

Instant food mixes

Mineral water

ice

Sugar

Khandsari

Biscuits

Raisins and gum

Baking powder

Margarine

PM Modi addressing Parliament at GST rollout event

PM Modi addressing Parliament at GST rollout event

Items 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 blocks

Items that will become Costlier:

  1. Paneer
  2. Cornflakes
  3. Coffee
  4. Masala powder
  5. Ghee
  6. Biscuits
  7. Chewing gum
  8. Ice-cream
  9. Tea
  10. Chocolates
  11. Spices
  12. Ayurvedic and other alternative medicines
  13. Gold
  14. Hotels with room tariffs above Rs 7,500
  15. Fine-dining restaurants
  16. Restaurants inside five-star hotels
  17. Movie tickets above Rs 100
  18. Concerts
  19. IPL matches
  20. Clothes above Rs 1,000
  21. Shampoos
  22. Perfumes
  23. AC and first-class rail tickets
  24. Business-class
  25. Air-conditioner
  26. Fridge
  27. Washing machine
  28. Television
  29. Courier services
  30. Mobile phone charges
  31. Insurance premiums
  32. Banking charges
  33. Broadband services
  34. Credit card bill
  35. Two-wheelers with engine capacity of more than 350 cc
  36. Small and mid-size cars
  37. SUVs
  38. Fishing nets
  39. Smartphones
  40. Laptops
  41. Desktops
  42. Yoga mats
  43. Fitness equipment
  44. Aerated drinks
  45. Cigarettes
  46. Alcoholic drinks
  47. Luxury goods
  48. Tobacco
Summary
Article Name
GST Launched: Check List of Cheaper Things under One Nation One Tax
Description
Finally, on 30 June 2017 midnight, Indian government and may be many people stayed awake to create the Indian economy. Since independence India finally get the most ambitious economic reform in the sense of GST.


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