Mother Dairy cuts milk price by `2/litre
image for illustrative purpose
New Delhi: In good news for consumers, milk has become cheaper by Rs2/litre as Mother Dairy announced slashing of prices. This comes close on the heels of next-generation reforms in the Goods and Services Tax (GST). The reduced prices will come into effect in a week’s time from now, preferably September 22, by when the new GST slabs will apply on products.
Besides milk, the reduction in prices is set to apply to a range of dairy products including cottage cheese, butter, cheese and ice-creams, following the revision of GST rates, for food products.
The development comes on the back of a major revamp in GST, under which the government has provided relief to citizens by reducing taxes on essential food items and stationary products. Tax rates were slashed down to 5 per cent and nil, from the earlier 12 per cent and 18 per cent slab.
