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GST should make 85% items cheaper in Kerala, says state minister

GST should make 85% items cheaper in Kerala, says state ministerThiruvananthapuram, July 3 (IANS) Kerala Finance Minister Thomas Issac on Monday said with the Goods and Services Tax (GST) coming into effect, prices of 85 per cent items should come down.

Issac also announced that the state government had come out with the revised tax rates compared to what it was prior to July 1.

"Traders, who sell items on more than the MRP, will be proceeded against with the relevant laws in the GST Act under the anti-profiteering law," he told reporters.

 

He said items like chicken, unbranded atta, maida would have no tax following the imposition of GST, while tax on soaps, toothpastes and hair oils will come down by 12 per cent.

He released a list of 101 items indicating the previous and the new tax rates.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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GST should make 85% items cheaper in Kerala, says state minister

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.