Rates on services will determine impact on inflation

The multi-tiered GST may not be inflationary as far as goods are concerned as 81% of them will be taxed at 18% or less with mass-consumption items at the lower end of the bands. However, the overall impact on retail inflation will be determined by the tax on services , economists said. These rates are set to be decided on Friday. GST won’t impact wholesale price inflation as it doesn't include ind…