Butter, condensed milk, dates, nuts, jam, mushrooms, namkens to be now cheaper under GST 2.0

Consumers may soon feel comfortable in their home expenditures because the commodity and services tax council is seen reduced by the tax on many common nutrients. The installation committee suggested that products such as butter, condensed milk, jam, mushrooms, dates, nuts and messages move from the current commodity and services panel by 12 % to only 5 %. If implemented, this shift will directly reduce the prices of millions of families while taking advantage of the sweet bakeries, stores and bottled food manufacturers.

The butter, condensed milk, bonds for cooking and making candy are likely to witness a noticeable decrease in the cost. Equipment and clubs, almost in every Indian family, will also become more affordable. Likewise, the mushroom, which is widely considered a healthy food, and dry fruits such as dates and nuts, is necessary during festivals and daily diets, is to gain from this rationalization.

The main cause of the slab is 12 % disposal, as shown in the council documents, is to simplify the average structure. The GST consisting of four levels is unnecessarily complex, and eliminating a 12 % chip that brings greater clarity to both consumers and companies. It has also been highlighted that a 18 % plate contributes to the maximum revenue (about 65 %), thus maintaining this rate while reducing the 12 % middle slab, which only contributes to 5 % revenues that makes the structure more efficient without harming groups.

The final invitation will be based on these changes with the GST Council, which is scheduled to meet on the third and fourth of September in New Delhi. If approved, this step will be an important step towards GST 2.0 and a more suitable tax system for the consumer.