After July 18, it is anticipated that the cost of daily necessities like curd, lassi, rice, and other products will rise due to increased Goods and Service Tax rates.
Pre-packed, pre-labelled curd, lassi, and buttermilk" will be subject to GST at a rate of 5% starting on July 18, the GST Council announced in a press statement after its meeting in late June.
The GST Council has recommended changing the inverted duty structure from 12 to 18% which will result in a price increase for LED lights, fittings, and lamps.
Alternatively, those who were freshly supplied after July 18 will be subject to the increased charge and will not be excluded.