New Delhi: The most awaited Goods and Services tax has been finally launched in India with the efforts of the Bharatiya Janata Party’s government. GST is the biggest tax reform since Independence and will surely benefit the people as all the unnecessary taxation has been removed after its launch.
Prime Minister Narendra Modi was present at the launch of the tax regime and referred GST as ‘Good and Simple tax’. He also said that GST is not the achievement of any one party or government but it is the achievement of the people as a whole.
There are number of goods and services that have become cheaper and costlier respectively. Here’s the list of what have become cheaper and costlier:-
Items that will now cost less
Packaged tea and coffee
Atta (packed & branded)
Economy class air travel
Items that will now cost more
Leasing of cars
Beauty parlour services
Dry cleaning services
Hotel accommodation (For room tariffs above Rs 1000 for a night)