While the government is sure of the benefits the Goods and Services Tax will bring to the common man, it says it is still early days to predict which items will become more expensive or cheap.
NEW DELHI: Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once GST is rolled out next year.
GST will turn India into one common market, leading to greater ease of doing business and big savings in logistics costs from companies across all sectors
After years of debating point and counterpoint, the long awaited Goods and Services Tax (GST) Constitution (Amendment) Bill finally cleared the last major hurdle when Rajya Sabha.
The fast moving consumer good (FMCG) sector of India comprises more than 50 percent of the food and beverage industry and another 30 percent from personal and household care.