New GST Rates: 10 Household Items That Will Cost More From July 18; Here

New GST Rates Household Items That Will Cost More From July 18 Heres What Will Get Costlier

Category : Business

Author: Nob6 Team

Post Date :

[ad_1]

GST Rate Hike: From next week, several household items including hotels and bank services among other things, will get costlier after the GST rates were hiked for several items in the 47th Goods and Services Tax meeting in Chandigarh last month. 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 day to day items, further increasing their kitchen budget. Products like curd, lassi, buttermilk, paneer, wheat, rice etc which are pre-packaged and labelled, will attract a GST of 5% from 18 July.Also Read – Milk Prices Likely To Rise Again After New GST Rates Applicable On THESE Dairy Products

NOTE:  In any agri and dairy products, if sold loose or packed in front of the customers, will continue to be exempt from GST. Earlier, only branded packaged rice was under the purview of GST. Now, all unbranded, pre-packaged rice/ rice flour/ wheat flour will attract GST. Also Read – GST New Rates: Here’s What Gets Cheaper, Costlier From July 18; Check Full List

Here’s a list of household items that will get 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 & Meslin Flour (5% GST)
  • Tender coconut water (12% GST)
  • Rice Flour (5% GST)

Other items that will get costlier from Monday July 18

  • 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 cent.
  • Cheques, lose or in book form by 18%
  • Solar water heater and system by 12%
  • Leather (prepared, finished, chamois and composition) by 12%
  • Printed maps and charts of all kinds by 12%
  • 12% 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% 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%
  • 18% GST for work contract for historical monuments, canals, dams, pipelines, plants for water supply, educational institutions, hospitals etc supplied to central,m state goverments and local authorities and sub-contractor thereof
  • Works contract supplied to central and state governments, union territories & local authorities for earthwork and sub-contracts thereof 12%

The GST is a single, indirect tax levied by the central government. The GST was introduced on July 1, 2017, and states were assured of compensation for the revenue loss till June 2022, arising on account of the GST rollout. Also Read – Curd, Paneer, Wheat Now Expensive; 5 Per Cent GST to be Levied on Pre-packed And Labelled Food Items



[ad_2]

Source link

Tags

gold gst rate, GST, gst gov in, gst increase on household items, GST New Rates, gst rate hike, gst rate hike news, gst rate increase, gst rate increase news, gst rate increase on Milk, gst rate on curd, gst rate on gold, gst rates, gst rates in india, gst tax rate, impact of gst hike in india, list of household items increased in gst

About Author

Nob6

Nob6 have a great team of writers and developers who are enthusiastic about delivering quality content focusing on 10,000 + users and loyal readers. 

Leave a Comment

Author : Nob6

Nob6.com: Nob6 Blog – The Complete blog for Blogging, Business, Money Making Tips, Startups, Webmaster, Guest posting, tips and tricks, and Technology News.

Join Us

Recommended Posts

Mastering Advanced DevOps: Serverless Architectures and Microservices for Enhanced Agility

Mastering Advanced DevOps: Serverless Architectures and Microservices for Enhanced Agility

Trickle Chargers Boosting Your Car's Battery Life

Trickle Chargers: Boosting Your Car’s Battery Life

Which Aspects of Business are Just as Important as Your Main Service

Which Aspects of Business are Just as Important as Your Main Service

What Needs To Be Arranged Before Moving Home

What Needs To Be Arranged Before Moving Home

From Manuscript to Masterpiece How Professional Book Printing Services Make the Difference

From Manuscript to Masterpiece: How Professional Book Printing Services Make the Difference

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Business team learning about what are contact center solutions and searching the best one

What Are Contact Center Solutions and How Do They Benefit Businesses?