With this decision of the Government of India, inflation is ready to give another big blow in July.
Inflation is ready to give another big blow in the month of July. The common man is going to get this blow from July 18. Actually, the GST Council has decided to impose GST on many items of domestic use and increase the GST rates on some items.
This decision is to come into effect from the coming July 18, in such a situation that some essential goods will become expensive from this day, it is almost decided. Let us tell you that the GST Council has also decided to withdraw the exemption currently available on some goods. After July 18, the things which are going to be hit hard by inflation include packaged and labeled wheat flour, milk products like milk, paneer, buttermilk, and curd etc. Apart from these, different types of papad, mudhi or murmura will also become expensive from July 18.
A meeting of the GST Council was held in Chandigarh on June 28 and 29 under the chairmanship of Union Minister Nirmala Sitharaman.
Talking to reporters after the two-day meeting of the Council, Union Finance Minister Nirmala Sitharaman had said that several suggestions given in the meeting to rationalize the rates of different groups of items on which GST is charged have been accepted. . Changes have been made in the GST rates applicable on many things. The Finance Minister had also said that these changes would be considered effective from July 18. PLC/GT
