How GST affects your household expenses

The jury is still out whether GST will lower or increase your monthly budget, says Priya Nair.

Illustration: Dominic Xavier/Rediff.com

The jury is still out whether the GST will lower or increase your monthly budget.

Clearly, the usage of certain goods and services will cost more compared to others.

While prices of most essential commodities will see a fall, some packaged and processed food items may see an increase.

If you are a big consumer of juices and ghee, your household budget, after July 1, will take an additional knock.

And if you are a heavy user of a telephone and broadband connection, get ready to see a rise.

On the other hand, your family can use more bathing soap.  

Caveat: The above analysis has been done by EY. The table is for illustration purpose only. Business Standard and EY disclaim any liability in connection with the use of this information. 

Note: All the negative figures imply rise in your household budget.