With GST reforms announced in the year 2017, the prices of several products have been changed in the last two years. The prices of various pet products, including pet food, pet accessories, pet toys, etc. are changed under GST. Here you would understand about the impact of GST reforms concerning various pet products available in the market.
There is a considerable rise in the prices of several pet care products like pet food, shampoo, conditioners, etc. The 18 percent GST on pet food has increased the prices of various pet foods by 4%. The cost of pet food has not affected its sales. Several Indian brands of pet food are offered with a higher rate of tax after the introduction of GST reforms. Thus it costs more. The cost of imported pet food brands did not change due to GST. The personal care products for pets like shampoos, conditioners, dry sprays, etc. are costlier after the GST reforms. There is no change in the price of pet toys under GST.
Thus pet owners would experience a monthly increase in their expenses with pet care products.
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The article depicts the influence of GST reforms concerning various pet products. Though GST has made several prices to decrease the costs of pet products seems to be increased. The article also emphasis on the GST registration process with the help of professional attorneys.
Really a useful post where I came to know that the prices of pet food and other personal care products of pets have increased due to the recent GST reforms announced by the Indian Government. Would share this article to my friends who are raising pets in their house.
An informative article about the GST reforms for pet products. I clearly understood about the influence of GST for pet care products and pet food. It is a bad news for pet owners as there is an increase in the prices of pet food and personal care products.
It is good news for pet owners as the pet food of popular imported brands remains the same. As pet food is required for the pets daily, the price rise would not affect the sales of popular pet food brands.
Thus it is evident that the GST tax rates have disappointed the pet fraternity as the majority of pet products experience a price rise. I wish to know about the GST reforms with respect to pet care products in the future.