10 Important GOODS AND SERVICES which get cheaper after GST launch from july1.

Goods and Services Tax (GST) is an indirect taxation in India merging most of the existing taxes into single system of taxation. It was introduced as The Constitution (One Hundred and First Amendment) Act 2016, following the passage of Constitution 122nd Amendment Bill. The GST is governed by GST Council and its Chairman is Union Finance Minister of India :Arun Jaitley.
source:forevernews.in

Source:economic times

GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India (Except state of j&k) , to replace taxes levied by the central and state governments.
10 essential products that will be cheaper after GST rollout:

1.Cars- With lower manufacturing costs, the prices of all types of cars are expected to drop significantly.

2.Batteries- The unified tax rated will bring the prices of batteries down significantly. The sector currently has to shell out 40-45 per cent in compounded taxes.

3.Movie ticket- Lowered rates of entertainment taxes will ensure that the costs of movie tickets will go down.

 4.Construction material- Construction materials such paint and cement are likely to turn cheaper. This will give a great boost to the construction industry.

5.Cabs- Travelling via cabs or taxis is set to get cheaper, especially where inter-state travel is concerned.

6.Electronics items- Like fans, lighting, water heaters, air coolers, geysers etc. are expected to become cheaper after GST.

7.Online Shopping- Shopping for a vast variety of products via online portals such as Flipkart and Amazon will become significantly cheaper.

8.Mobile Phones- GST will remove the VAT applied on mobile phones making them cheaper more equally priced in all states.

9.Packaged food- Processed and packaged food items will get cheaper in the coming days.

10.Transportation- Transportation of goods from one state to another is expected to become quite simplified in the coming days. The abolition of VAT will make the process less costly.

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