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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.
Zero-rated supplies for essential consumer items under GST reduce retail tax incidence and exclude branded packaged staples. The Goods and Services Tax classifies a specified list of everyday consumer items as zero-rated supplies, including staple foodgrains and flours, fresh milk, fresh fruits and vegetables, puffed rice, common salt, animal feed, organic manure, firewood, raw silk/raw wool/jute, and hand operated agricultural implements; branded foodgrains and flours with registered trademarks are excluded and will attract a five percent GST, producing an expected retail price reduction for consumers.Press 'Enter' after typing page number.