India, Sept. 21 -- As Goods and Services Tax (GST) reforms come into effect from Monday, September 22, prices of almost hundreds of items ranging from kitchen staples to electronics, automobiles are expected to be revised.
As a reprieve for the consumers, the GST Council that comprises Centre and states, has decided to reduce tax rates on goods and services, from September 22.
Apart from essential items such as medicines and food, automobile, wellness and toiletries will become cheaper from Monday.
Currently, GST is levied in four slabs. For essential goods the rate is 5%, 12% for standard goods/services such as processed foods, cell phones, butter, ghee, some household appliances, 18% on goods and services such as Electronics, branded...
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