Explained | How GST Hike Will Impact Comman Man

The 47th GST council led by Finance Minister Nirmala Sitharaman recommended rate hike on a number of items including dairy products, grains and medical care. The rate hike has raised several concerns as it comes during a time when inflation is at an 8 year high. A clutch of unbranded food items will attract 5% tax which can potentially impact small businesses. The council has proposed these hikes to correct the inverted duty structure. But how will it impact your life? Watch the video to know more

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