GST on Curd, Lassi, Other Items from July 18: What Becomes Cheaper, What Becomes Dearer
Towards the end of June, the GST Council chaired its 47th meet under the leadership of finance minister Nirmala Sitharaman, where a slew of decisions were taken regarding the levy of Goods and Service Tax on various items. The council during the meeting agreed to bring multiple items under the ambit of GST, which were previously tax free. This is in turn expected to raise the household budget of the common man, who is already reeling under the pressure of an unprecedented inflation.
The decisions by the GST Council on exemptions and correction of inversion will come into effect from July 18 this year, revenue secretary Tarun Bajaj had told the media on June 29, after the GST Council meet.
