Consumers are benefiting from reduced tax rates on everyday essentials such as milk powder, spices, and tea, thanks to the implementation of the Goods and Services Tax (GST) regime. According to a recent graphic released by the Central Board of Indirect Taxes and Customs (CBIC), GST has streamlined and reduced the tax burden on key household products.
The image highlights tax reductions in the post-GST era:
- Milk Powder: The tax rate has decreased from 6% (under Central Excise, Sales Tax, and VAT) to 5% under GST.
- Spices: Similarly, tax on spices has dropped from 6% to 5%.
- Tea: Tea has also seen a reduction in tax from 6% pre-GST to 5% post-GST.
The CBIC, via its official social media platforms, shared the message “Tax Down With GST Around,” underscoring the consumer-centric benefits of the GST system.
