GST Rate Hike: In the midst of rising inflation, the general public is going to get a setback. From the coming July 18, you will now have to pay more for many everyday items. Finance Minister Nirmala Sitharaman gave this information after the 47th meeting of GST.
GST Update on Daily use Product: Amidst rising inflation, the general public is going to get a shock again. From the coming July 18, you will now have to pay more for many everyday items. Finance Minister Nirmala Sitharaman gave this information after the 47th meeting of GST. The Finance Minister said that the rates of GST on some new products and some goods and services will increase from July 18. The new rates of these items will be applicable from 18th. Let us know which things are getting cheaper and which are expensive?
The government informed
Agricultural products with pre-packaged labels like paneer, lassi, buttermilk, packaged curd, wheat flour, other cereals, honey, papad, food grains, meat and fish (except frozen), puffed rice and jaggery will become costlier from July 18 . That is, the tax on them has been increased. Currently, 5 per cent GST is levied on branded and packaged food items, while unpacked and unlabeled items are tax free. Let us know which thing will be cheap and which will be expensive from July 18?
These things will be expensive
- Tetra pack curd, lassi and butter milk will be expensive, as it will attract 5% GST from July 18, which was not applicable earlier.
- Fees charged by banks on issue of cheque book will now attract 18% GST.
- 5 per cent GST will be levied on rooms rented in a hospital above Rs 5,000 (non-ICU).
- Apart from this, maps and charges including atlas will now attract GST at the rate of 12 per cent.
- 12 per cent GST will be levied on hotel rooms renting less than Rs 1,000 per day, which was not applicable earlier.
- LED lights will attract 18 percent GST on LED lamps which was not applicable earlier.
- Blades, paper scissors, pencil sharpeners, spoons, forked spoons, skimmers and cake-servers, etc., earlier attracting 12 per cent GST, will now attract 18 per cent.
These things will be cheap
- From July 18, the transport of passengers and goods through the ropeway will become cheaper, as the GST rate on it has been reduced from 18 percent to 5 percent.
- GST on splints and other fracture devices, body prostheses, body implants, intra-ocular lenses has been reduced from 12 per cent to 5 per cent.
- GST will be reduced from 18 per cent to 12 per cent on fares of operators carrying freight from the cost of fuel.
- IGST will not be applicable on certain items imported for Defense Forces.
