A Nandini outlet
Credit: DH File Photo
Bengaluru: Prices of Nandini ghee, butter, paneer, and a few other products will come down from September 22, as the central government has cut down the Goods and Services Tax (GST) on these products.
According to officials from the Karnataka Milk Federation (KMF), the price of one litre of Nandini ghee will come down from Rs 650 to Rs 610.
Similarly, the price of 500 gm unsalted butter will come down from Rs 305 to Rs 286 and that of 1 kg paneer will come down from Rs 425 to Rs 408. The price of packaged drinking water is also expected to drop from Rs 20 to Rs 18 for one litre.
Prices of many other products including a variety of ice creams, cookies, cakes, and muffins are also set to come down owing to the slash in GST.
According to a press release by KMF, the GST on ghee, butter, cheese and crunchy snacks has been reduced from 12 per cent to 5 per cent. The GST on cookies, chocolates, ice creams, instant mixes, and packaged drinking water has been reduced from 18 per cent to 5 per cent.
Now, no GST is levied on Paneer and Ultra High Temperature (UHT) milk products as against 5 per cent GST levied earlier.