Increase in the GST rate: From next week, several household items including hotels and banking services will become more expensive after GST rates were hiked on several items at the 47th Goods and Services Tax meeting in Chandigarh this month. last. The GST rate hike on these items will be implemented from Monday, July 18, after which the common man will have to pay extra to buy everyday items, further increasing his kitchen budget. Products like curd, lassi, buttermilk, paneer, wheat, rice, etc., which are prepackaged and labeled, will be subject to 5% GST from July 18.Also Read – EXPLAINED: Will Airfares Get Expensive: What Changes For Travelers From Today?
REMARK: In all agricultural and dairy products, if sold in bulk or packaged in front of customers, they will continue to be exempt from the GST. Previously, only branded packaged rice was subject to GST. From now on, all unbranded, prepackaged rice/rice flour/wheat flour will be subject to GST. Also Read – IRCTC Changes Refund Rules: Cancellation Fees For Confirmed Train Tickets Become More Expensive. Details here
Here is a list of household items that will become more expensive from Monday, July 18:
- Curd, Lassi, Buttermilk (5% GST)
- Paneer (5% GST)
- Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery (5% GST)
- Khandsari sugar (5% GST)
- Natural Honey (5% GST)
- Puffed rice (Muri), flattened or beaten rice (Chira), parched rice (khoi), rice coated with
sugar (Murki) (5% GST)
- Rice, Wheat, Rye, Barley, Oats (5% GST)
- Wheat and meslin flour (5% GST)
- Tender coconut water (12% GST)
- Rice flour (5% GST)
Other items that will become more expensive from Monday, July 18
- LED lamps; ink, knives, blades, pencil sharpener, blades, spoons, forks, ladles, skimmers, skimmers, cake shovels; printing, writing and drawing ink; fixture and their 18 percent metal circuit board.
- Motor pumps, bicycle pumps, 18% dairy machines.
- Machines used for cleaning, sorting, grading seeds and grain legumes; machinery used in the milling/grain industry; air based atta chakki and 18 percent wet grinder.
- Checks, lost or in book form 18%
- Solar water heater and 12% system
- Leather (prepared, finished, chamois and composition) 12%
- Cards and printed cards of all kinds 12%
- 12% GST on hotel accommodation up to Rs 1,000 per day
- Room rent, excluding USI, greater than Rs 5,000 per patient day billed by a hospital taxed at 5% up to the room charge without ITC
- Works contract for roads, bridges, railways, metro, sewage treatment plant, crematoria and others by 18%
- 18% GST for labor contracts for historical monuments, canals, dams, pipelines, water supply plants, educational institutions, hospitals, etc. supplied to central, state and local governments and their contractors
- Works contract provided to central and state governments, union territories and local authorities for earthworks and their sub-contracts 12%
The GST is a one-time indirect tax levied by the central government. The GST was introduced on July 1, 2017, and states were assured of compensation for lost revenue until June 2022, resulting from the rollout of the GST. Also Read – IRCTC Latest News: Passengers Will Soon Have to Pay More for Cancellation of Confirmed Train Tickets. here’s why