In a much-awaited move, the central government has announced a reduction in GST rates on several everyday items, providing a much-needed relief to consumers ahead of the festive season. The new GST rates, which will come into effect on September 22, promise to make many essential products more affordable. From dairy items like milk and curd to some nuts, the changes could significantly impact your shopping bills. But what does it mean for products like cashews, almonds, and pistachios? Let’s break it down:

1. Cheaper Dairy Products: Milk, Curd, and Cheese

One of the major highlights of the new GST rates is the reduction in tax on essential dairy products. From september 22, milk, curd, and cheese will become cheaper as the GST rate on these items will be slashed. Currently, dairy products attract an 18% GST, but the new rates will bring them down to 5%. This reduction will lower the prices of milk-based products, giving a boost to households that rely heavily on dairy for their daily nutrition.

2. What About Cashews, Almonds, and Pistachios?

As for cashews, almonds, and pistachios, the government has decided to maintain the 18% GST rate on these dry fruits. Unlike dairy products, these nuts will not see any price reduction in the upcoming changes. While many had hoped for a reduction similar to dairy, it seems that luxury food items like dry fruits will still remain under the higher tax bracket.

3. Other Goods Becoming Cheaper

In addition to dairy products, the new GST rates will also impact several other everyday items. For example, packed food items such as biscuits, cakes, and chips will see a reduction in their tax rates. The government has made it clear that the changes are aimed at reducing the tax burden on common people, particularly in preparation for the festive season when spending is higher.

4. How This Will Impact Your Wallet

The reduced GST rates are likely to make everyday grocery shopping a little lighter on the wallet, especially for families that consume large quantities of dairy products. For dry fruits like cashews, almonds, and pistachios, however, consumers will need to adjust their expectations since these items remain relatively expensive due to the unchanged GST rates. The reduction in GST will also help businesses, especially small businesses, pass on the savings to consumers.

Conclusion: A Win for Dairy Consumers, Not So Much for dry fruit Lovers

While milk, curd, and cheese will become significantly cheaper starting september 22, dry fruits like cashews, almonds, and pistachios will continue to be taxed at the same rate. This move from the government is seen as a boon for dairy-dependent households, while those who enjoy nuts and dry fruits might have to wait for future tax revisions to see any relief.

As we approach Diwali, the reduced GST rates will certainly have a positive effect on the household budgets of many, making festive shopping a bit easier on the pocket!

 

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