GST rate hike from today: What gets costlier - Full list
GST rate hike list: Many household items, bank services, hotels and more will become costlier from today (July 18) as the GST rates hiked on several items.
GST rate hike list: Many household items, bank services, hotels and more will become costlier from today (July 18) as the GST rates hiked on several items at the 47th Goods and Services Tax Council meeting last month comes into effect from today. The GST council had last month proposed to withdraw tax exemptions for a few items and recommended changes in rate for others.
According to a PTI report, customers will have to pay 5 per cent GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital rooms with rent above Rs 5,000. In addition, hotel rooms with tariff of up to Rs 1,000 per day, maps and charts, including atlases, will attract a 12 per cent Goods and Services Tax (GST), while 18 per cent GST will be levied on tetra packs and fees charged by banks for the issue of cheques (loose or in book form).
What comes expensive
LED lamps; ink, knives, blades, pencil sharpener, blades, spoons, forks, ladles, skimmers, skimmers, cake servers; printing, writing and drawing ink; fixture and their metal printed circuits board by 18 per cent
Power-driven pumps, bicycle pumps, dairy machinery by 18 per cent
Machines used for cleaning, sorting, grading seeds, and grain pulses; machines used in milling/cereals industry; air-based atta chakki and wet grinder by 18 per centCheques, lose or in book form by 18 per cent
Solar water heater and system by 12 per cent. Leather (prepared, finished, chamois and composition) by 12 per cent. Printed maps and charts of all kinds by 12 per cent. 12 per cent GST on hotel accommodation priced up to Rs 1,000 per day
Room rent, except ICU, more than Rs 5,000 per day patient charged by a hospital taxed 5 per cent to the extent of charge of the room without ITC
Works contract for roads, bridges, railways, metro, effluent treatment plant, crematorium and others by 18 per cent
Work contract for historical monuments, canals, dams, pipelines, plants for water supply, educational institutions, hospitals etc supplied to central, state governments and local authorities and sub-contractor to attract 18 per cent GST
Works contract supplied to central and state governments, union territories & local authorities for earthwork and sub-contracts thereof 12 per cent
Services rendered by regulators such as RBI, IRDA and SEBI will be taxed at 18 per cent and so will be renting of a residential dwelling to business entities.
Besides, individuals will only be able to claim GST exemption for training or coaching in recreational activities relating to arts or culture or sports
Also, electric vehicles, whether or not fitted with a battery pack, would be eligible for the concessional GST rate of 5 per cent.
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01:42 PM IST