Prices will fall for these items by Diwali thanks to the new Goods and Service Tax regime.
Small cars: 18 per cent from 28 per cent GST.
Two-wheelers: Will attract 18 per cent GST, down from 28 per cent GST.
Ghee and butter: 5 per cent GST now after being pegged at 12 per cent GST.
Packaged foods and juices: Will become 5 per cent from 12 per cent GST.
Footwear and apparel: If any of these items are less than Rs 1,000 they will attract 5 per cent as opposed to the earlier 12 per cent GST.
Air conditioners: Attract now 18 per cent GST when earlier they were taxed at 28 per cent GST.
Large television screens: 18 per cent now. ACs used to attract 28 per cent GST.
Cement: 18 per cent after 28 per cent GST.