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 122 nd 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 she...