The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, had revised the GST rates in its meeting recently. The decisions taken in the meeting will come into effect from today. After this the things of your use will become expensive.
New Delhi . After the implementation of the decision of the GST Council, many food items will become expensive from Monday. These include pre-packaged and labeled food items such as flour, paneer and curd, which will attract five per cent Goods and Services Tax (GST). In this way, GST will also have to be paid on hospital rooms renting more than Rs 5,000. Apart from this, it has been said to levy tax at the rate of 12 percent on hotel rooms renting less than Rs 1,000 per day. There is no tax on it as of now.
The GST Council, chaired by the Union Finance Minister Nirmala Sitharaman, in its meeting last week, has approved products like canned or packaged and labeled (except frozen) fish, curd, paneer, lassi, honey, dry makhana, dry soybean, peas, wheat and others. It was decided to levy 5% GST on cereals and puffed rice. The changes in the tax rate will come into effect from July 18.
These things will be expensive
Similarly, 18 per cent GST will be levied on Tetra Pack and checks issued by the bank and 12 per cent GST on maps and charts including atlas. At the same time, GST exemption will continue on unbranded products sold in the open. Tax rates on ‘printing/drawing ink’, sharp knives, paper-cutting knives and ‘pencil sharpeners’, LED lamps, drawing and marking products have been increased to 18 per cent.
Solar water heaters will now attract 12 per cent GST as against five per cent tax earlier. Works contracts for road, bridge, railway, metro, waste treatment plant and crematorium will now attract 18 per cent GST, which was 12 per cent till now.
These goods and services will be cheaper
However, the tax rate on transport of goods and passengers through ropeways and certain surgical instruments has been reduced to five per cent. Earlier it was 12 percent. Trucks, vehicles used for transportation of goods, which include the cost of fuel, will now attract 12 per cent GST as against 18 per cent at present.
