GST Impact: What Gets Cheaper And More Expensive

Updated: August 04, 2016 15:29 IST

The Rajya Sabha on Wednesday passed the GST Constitutional Bill that seeks to transform the country into a common market with a new one-nation-one-tax regime. The government is aiming to implement GST from April 1, 2017.

GST Impact: What Gets Cheaper And More Expensive
Here's a look at the items that may cost you less after implementation of the new tax regime: The auto sector will benefit from the GST as the cost of entry-level cars, SUVs and two-wheelers is likely to fall. Car battery prices may also fall.
GST Impact: What Gets Cheaper And More Expensive
Renovation work may cost you less as the prices of paint and cement is likely to go down.
GST Impact: What Gets Cheaper And More Expensive
Electronic household items like fans, lighting, water heaters, air coolers etc. may also cost you less.
GST Impact: What Gets Cheaper And More Expensive
And these items could get costlier: Cigarette prices likely to go up as GST rate for tobacco will be higher than current levies.
GST Impact: What Gets Cheaper And More Expensive
For making calls, you may need to pay more as tariffs may be increased as service tax will go up.
GST Impact: What Gets Cheaper And More Expensive
Shopping for textile and branded jewellery may pinch your pocket more.

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