More than 75% of rural monthly expenditure will face nil or 5% rate under GST 2.0

More than 75% of the items rural Indians spend money on will face either a nil rate of Goods and Services Tax (GST) or 5% once the new rates come into effect on September 22, according to an analysis published by the Federation of Indian Chambers of Commerce & Industry (FICCI). For urban Indians, this proportion will be 66%. The report, prepared by Thought Arbitrage Research Institute (TARI) f…