GST Hike: Household Items and Services that get costlier from Today; Check Details

GST Hike: Household Items and Services that get costlier from Today; Check Details GST Hike on Pre-Packed Labelled Food Items & Services: After the implementation of the decisions of the GST Council, many food items will become expensive from today. These include perishable products that have been pre-packaged and labelled, such as wheat, cheese, and yoghurt. They must pay GST at the rate of 5%. In addition, consumers who hire hospital rooms for more than Rs 5,000 would also be required to pay 5% GST. In addition, it has been reported that hotel rooms rented for less than Rs 1000 per day will be subject to a tax of 12 percent. This is not yet subject to tax. Similar to this, tetra packs and cheque books provided by banks will be subject to an 18% GST, and maps, charts, and atlases would be subject to a 12% GST. The GST Council, headed by Union Finance Minister Nirmala Sitharaman, had reduced the exemption list and imposed tax on a variety of goods and services last month. Additionally, the Council eliminated duty inversion for products when input taxes were higher than output taxes. The GST Council recently agreed to ban canned or packed and labelled (except frozen) fish, curd, paneer, lassi, honey, dry makhana, dry soybean, and peas during a meeting that was chaired by Union Finance Minister Nirmala Sitharaman. Decided to impose a 5% GST on items including jowar, wheat, and other cereals. However, non-branded goods that are openly offered will continue to be exempt from GST.

You will have to pay a higher price for these products too

The tax rate has been raised to 18% for products like printing/dyeing inks, paper-cutting knives, pencil sharpeners, sharp blades, LED bulbs, and drawing and marking supplies. Solar water heaters will now be subject to 12% GST, up from 5% previously. Construction contracts for sewage treatment facilities, crematoriums, trains, metros, and highways will now be subject to 18% GST, up from 12% previously.

Discounts on unbranded goods sold in the open

The GST Council recently authorised canned or packed and labelled fish, curd, paneer, lassi, honey, dry butter, dried, on which five items were accepted (excluding frozen), during a meeting that was presided over by Union Finance Minister Nirmala Sitharaman. A percentage GST will be applied, as selected. Peas, wheat, and other grains and pulses, including soybeans. But openly sold goods would continue to be exempt from GST.