Essential commodities such as vegetables, fruits and pulses will remain untaxed under the GST. Prices of small-ticket purchases like toothpaste should attract a lower rate of 12% compared to consumer appliances (such as refrigerators and air conditioners), explained Jaising. “The prices of fast-moving consumer goods could actually drop because currently they are being taxed at a higher rate, and companies would also pass the benefits they get from tax credits to the final consumer,” Jaising said.
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