New GST Rates: After the implementation of the new rates of GST, these things will be affected, the new rates of GST will be applicable from July 18
Newz Fast, New Delhi Let us tell you that the government is going to implement the new rates of GST from July 8. These goods are likely to attract GST at the rate of 5 per cent or 12 per cent.
It is being told that a formal announcement regarding the GST rate is likely to be made soon. Whether the rate of GST is 5 percent or 12 percent, then know the price of which items are sure to increase.
Let us tell you that in the 47th meeting of the GST Council held in Chandigarh on 28th and 29th of last month regarding the new rates of GST, it was decided to impose or increase GST on many such goods.
The special thing is that it is sure to have a direct impact on the price of packed goods related to flour and dairy. The most important decision was taken in this meeting that now pre-packed and pre-packaged (already packed and named) goods should be excluded from the list of goods on which GST is not applicable.
Which earlier these goods were not taxed. That is, now in the coming time, GST will be levied on these goods. Items like flour, curd, lassi and buttermilk have also been included in these items.
With this, in this decision, whether the rate of GST is 5 percent or 12 percent, the price of these items is sure to increase. Apart from this, it is also being seen that it has also been decided to levy 5% GST on rooms costing more than ₹ 5000 in hospitals. Now getting treatment is also going to be expensive.
tax on hotels
Along with this, there is a decision to levy 5 percent tax on rooms of more than ₹ 1000 in hotels. The special thing is that the GST on bank checks has been increased from zero percent to 18 percent.
Along with this, air travel is going to be a little more expensive for those coming to and going from Bagdogra Airport and other airports of North Eastern states of the country. This is going to have a direct impact on the pocket of the common man.
GST on LED lamps and printing
Also, after this decision, the rate of GST on LED lamps and ink used for writing, painting and printing has also been increased from 12 percent to 18 percent.
Their prices are also going to increase. At the same time, it is coming to the fore that now there is a protest across the country regarding the increased rate of GST. The effect of all this is directly visible on the common man.