GST to Make Foodgrains Cheaper
Srinagar: The prices of foodgrains, cereals and milk will go down from July 1 when the Goods and Services Tax or GST comes into effect. They have been exempt from the GST.
The GST Council, which sets the rate, finalised tax rates for over 1,000 commodities. Headed by Jaitley the GST Council includes representatives from all states.
“We have finalised the tax rates for all but six of the 1,211 manufactured goods on the first day of our two-day meeting,” Finance Minister Arun Jaitley has said.