another_armchair
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- Feb 28, 2019
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There was no GST on milk and curd.because there were two slabs for these items, branded/packed & unbranded/loose.
-branded packed were 5% even earlier, unbranded packed & loose no GST.
-some companies who were selling branded packed before, were removing their branded labels from their packets and undercutting the sales of companies who were willing to pay GST.
-now there is level playing field, for all packed staple items.
-no GST even now for loosely sold staples, target group is EWS.
- companies like mother dairy have absorbed the GST hike, and increased milk price by 1 or 2 ₹.