GST impact: Foodgrains to get cheaper or remain flat

As the GST tax regime sets in from July 1, foodgrains such as wheat, rice and pulses might become cheaper as it will be taxed at zero rates.

At present, many loose food items like wheat, pulses attract 3-4 per cent value added tax.

Other commodities like edible oils, coffee and sugar could also cost less as the proposed 5 per cent tax rate is either lower than existing taxes in most places or same as the current levied VAT.

In cereals, some industry players said unless something is done of the mandi tax and cess, just keeping it zero-rated