- GST Exemption: Effective December 19, 2024, specific essential food items will be zero-rated under the GST Act, alleviating household costs.
- Retail Price Adjustments: Retailers are required to adjust prices accordingly, and the Consumer Unit will monitor for fairness.
- Consumer Affairs Support: A new unit will help consumers understand pricing and address concerns; contact details are provided for discrepancies.
- Business Compliance: Importers of zero-rated items will not pay GST at entry, but must accurately declare goods to qualify.
- Government Collaboration: Customs, the Inland Revenue Department, and the Consumer Affairs Unit will work together to ensure compliance and address any issues.
Source gov.ai
