Inflation will hurt more from today: 5% GST on milk products and flour from July 18, more rupees will have to be paid for hotel rooms.
From today many things of necessity are going to be expensive. In the meeting held last month, the GST Council has taken a decision to increase the GST rate. With the increase in GST rates, many essential items including curd, lassi, rice and flour will become expensive.
Dairy products and flour will be expensive
In the meeting of the GST Council chaired by Finance Minister Nirmala Sitharaman, it was decided to include milk products under the purview of GST for the first time. In the meeting of the GST Council, it was decided to levy 5% GST on tetra packed curd, lassi and butter milk. Not only this, 5% GST will also be levied on unbranded pre-packaged and pre-labeled flour and pulses.
18% GST on LED lights and LED lamps
The government has increased the GST on blades, paper scissors, pencil sharpeners, spoons, forked spoons, skimmers and cake service etc. Now GST will be charged on it at the rate of 18%. Not only this, the GST on LED lights and LED lamps has also been increased from 12% to 18%.
treatment is too expensive
If a room is provided by the hospital for more than Rs 5000 per day, then GST will be payable at the rate of 5%. In this, the relaxation will be applicable on the rooms of ICU, ICCU, NICU.
Will have to pay more money for hotel room
Currently, there was no GST on hotel rooms less than Rs 1000, but now such rooms will also attract GST at the rate of 12%.
Business class travel will be expensive
Flights originating from Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Sikkim, Tripura, Bagdogra, which were tax free till now, will now get GST exemption only on economy class and 18% rate for business class travel. GST will be charged from
Keeping goods in the warehouse will also be expensive
The services of storage of dryfruits, spices, copra, jaggery, cotton, jute, tobacco, tendu leaves, tea, coffee etc. in the warehouse, which were till now exempt from tax, have now been brought under the tax net and such services are now taxed at the rate of 12%. GST will be charged from
Apart from this, the service of fumigation of warehouses for storage of agricultural produce was exempted from tax. Now such services will attract GST at the rate of 18%.
cheaper to travel by ropeway
The GST Council has reduced the GST rate from 18% to 5% on the movement of passengers and goods through ropeways. Apart from this, GST rates have also come down on splints and other fracture devices, body prostheses, body implants, intra ocular lenses etc. From now on these will attract 5% GST instead of 12%.
GST will not be applicable from July 18 on certain items imported for Defense Forces. The government has reduced the GST on freight charges from 18% to 12% for operators where the cost of fuel is included.
Growing GST Collection
GST collection increased to Rs 1.45 lakh crore in June. This is an increase of 56% from a year ago. Whereas in the month of May it was Rs 1.41 lakh crore.
