GST rates are in line with expectations: Kotak Research

Little deviation from current effective tax rates, except in case of a few consumer products

The GST rates for 1,211 products do not show any major deviation from the current effective tax rates except in the case of a few consumer products. The GST council has tried to mitigate the inflationary impact of GST by keeping rates for most items near or below the current effective tax rate. Also, it would be best to assume that most rate changes will be passed on to consumers. The council will decide on the balance rates and the GST rate for services on May 20.
 
The council has not decided upon the rates for categories such as