Foodgrains, cereals, soaps to cost less in GST; cess on cars

Srinagar: Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled out as the all-powerful GST Council today finalised tax rates for bulk of the items. While the Council fitted all but six items in 5, 12, 18 or 28 per cent tax brackets, cars will attract the top rate as also a cess in the range of 1 to 15 per cent on top of it. Smalls cars will be charged 1 per cent cess on top of 28 per cent tax, mid-sized cars will attract 3 per cent cess and luxury cars 15 per cent cess on top of the peak rate. Aerated drinks too have been put in the 28 per cent bracket.

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