GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

India has finalised the tax rates on all but six out of the 1,211 items in the proposed GST (Goods and Services Tax) regime, fitting over 80% of the items in the up to 18% tax slabs, effectively making food grains cheaper, while exempting essential items such as cereals and milk from the levy altogether.

Source: GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

 

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