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in #gst7 years ago (edited)

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NEW DELHI: The recently reduced GST rates have come into force from Wednesday. The burden on consumers has declined significantly since 18 percent of GST-rated hotels and hotels have been reduced to 5 percent. The Government has revised the GST rates to over 200 commodities and services. Bada retail companies make a massive campaign on the reduction of rates.
The consumption of coffee, shaving blades, shampoos, detergents, beauty products, chocolates and furniture has reduced the consumption rates. 18 per cent of the 188 items were taxed from 28 per cent tax collection.
FMCG giant ITC and HUL said that the reduction in rates has been effective from Wednesday.
At present, the price on the market is revised in accordance with the changes and the new stock will be introduced in the market with new prices. They said that retailers are taking measures to provide new prices to customers. In larger supermarkets and malls, new GST rates may not be difficult for the sale of goods. Market sources said that small and small grocery stores would have to wait to see if the prices in the rural areas would be reduced to customers immediately.

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