Saturday, 1 July 2017

GST: What could get costlier, what could get cheaper

Here’s how prices of goods could move after the new GST rates kick-in from Today July 1, 2017.
Cheaper Meals

A restaurant bill now is a complex jumble of food costs, taxes on food and alcohol and services, cesses and service charges. After GST, you may expect eating out to be cheaper as a single tax will replace a welter of levies.

Costlier Calls

Your phone calls may become costlier. Phone bills will likely attract an 18 percent GST rate compared to the current 15 percent (including cesses).

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