Rate decided on 03 June
CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
03 June 2017* Gold, gems, jewellery to be taxed at 3 per cent
* Footwear priced below Rs 500 to be taxed at 5%, the rest at 18%
* Readymade garments to attract 12% GST; Yarn and fabric cotton 5 per cent. Consumers might also see some hike in garment prices.
* GST on all biscuits to be 18%