GST rolls out: Here's what'll get cheaper and costlier

Updated: Jul 03, 2017, 19:01
  • GST rolls out: Here's what'll get cheaper and costlier
    Mobile Bills: It may be time to keep those fun-filled conversations with your friends and loved ones short. With most services being bracketed under the 18% slab, mobile bills are going to attract a service tax of 15%
    1/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Personal care Items: Cosmetics, shampoos and perfumes will become dearer. The service tax slab has been raised from 22% to 28%
    2/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Gold: If you love wearing gold then this might be a bit of bad news for you. Gold prices may go up since the tax slab has been raised to 3% from the previous 2%. Initially you were charged 1% VAT and 1% excise duty, but since VAT differs from state to state the price of gold might vary
    3/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Consumer durables: Planning to buy a new TV, fridge or washing machine? You might have to shell out a bit more for these consumer durables
    4/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Smart phones: If you have looking to buy a new smart phone, this might be the best time to invest. With the tax slab coming down from 13.5% to 12%, smart phones are set to become cheaper
    5/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Entertainment and movies: Love watching movies or TV? Then the GST is something you will definitely welcome. As per the tax slabs revealed, taxation on entertainment, DTH and cable will be lowered with the tax levied at 18%
    6/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Taxi services: Cab rides are set to become cheaper as they will now attract a 5% tax as compared to the 6% they used to previously
    7/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Food grains: One of the best moves in the current scenario, food grains have been exempt from any tax slab
    8/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Cigarettes: This is the one thing that the GST council has not been able to decide on. As of now the prices remain the same with the council moving this item's taxation decision to the next council meet. Industry experts opine that it is more than likely that cigarettes will become more expensive with a cess over and above the already levied 28% tax
    9/10
  • GST rolls out: Here's what'll get cheaper and costlier
    Luxury cars: Driving your dream car around town may become a reality with luxury cars becoming cheaper. While the GST council has decided to slash the overall tax levied on luxury cars to 43% from the previous 50% (GST of 28% plus a cess of 15%)
    10/10
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About The Gallery

Amidst all the fear of things becoming too expensive to afford once GST is levied, here’s a run-down of what’s going to become cheaper and what’s going to pinch your pocket

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