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Jul, 04 2017

Junk food, food grains, confectionery items to become cheaper under GST

Tax levied on chocolate would come down from 30% to 28%, while there would be only 18% GST on pasta, cake, pastry and pizza, which is less than the present rate. Cooked meat, mineral water and non-alcoholic drinks would cost less too

The GST (goods and services tax) would reduce the prices of junk food such as pasta, cake, pastry and chocolates.

Tax levied on chocolate would come down from 30% to 28%, while there would be only 18% GST on pasta, cake, pastry and pizza, which is less than the present rate. Cooked meat, mineral water and non-alcoholic drinks would cost less too.

Consumers may have to spend less to run the kitchen as sugar, food grains, jaggery, vegetable oil, domestic LPG, biscuits, raisins and gum, confectionery items, baking powder, margarine, matchsticks and candles would be cheaper as GST imposed would be less than the tax-rate effective at present.

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