Inflation is ready to give another big blow in July. The common man is going to get this blow from July 18. The GST Council has decided to levy GST on many items of domestic use and increase the GST rates on some items. This decision is to come into effect from the coming July 18, in such a situation that some essential goods will become expensive from this day, it is almost decided. Let us tell you that the GST Council has also decided to withdraw the exemption currently available on some goods. After July 18, the things which are going to be hit hard by inflation include packaged and labeled wheat flour, milk products like milk, paneer, buttermilk, curd, etc. Apart from these, different types of papad, mudhi or murmura will also become expensive from July 18.
The decision was taken in the meeting of the GST Council
A meeting of the GST Council was held in Chandigarh on June 28 and 29 under the chairmanship of Union Minister Nirmala Sitharaman. Talking to reporters after the two-day meeting of the Council, Union Finance Minister Nirmala Sitharaman had said that several suggestions given in the meeting to rationalize the rates of different groups of items on which GST is charged have been accepted. . Changes have been made in the GST rates applicable on many things. The Finance Minister had also said that these changes would be considered effective from July 18.
Sealed canned products will become expensive
In the meeting of the GST Council, products like canned or labeled (other than frozen goods) curd, lassi, paneer, honey, fish, dry soybean, dry makhana and peas, wheat, and other cereals, besides murhi or murmur, five percent GST. The decision has been taken. Till now, these items were exempted from GST. Similarly, a provision has been made to levy 18 percent service tax on tetra packs of various beverages and checkbooks issued by the bank, while 12 percent GST on maps and charts including atlas. In such a situation, it is almost certain that these products will become expensive from July 18. However, it is a matter of relief that it has been clearly stated in the council meeting that GST will not be charged on unbranded products sold in the open.
The burden of expenses for rooms in hotels and hospitals will increase
Till now, we did not have to pay any GST charge for staying in cheap or budget hotels with fares less than Rs 1000, but after July 18, we will have to pay GST at the rate of 12 percent for staying in such hotels. At the same time, GST will be charged at the rate of five percent for hospitalized patients for booking a room (other than ICU) for more than five thousand rupees.
18 percent GST on LED lamps now instead of 12
In the meeting of the GST Council, the GST on LED lamps has also increased from 12 percent to 18 percent. Apart from this, the rate of GST has also been reduced to 18 percent on sharp knives, paper-cutting knives and pencil sharpeners, items used in printing and drawing such as ink, etc., and marking products. The rate of GST on solar-powered heaters has also increased from 5 percent to 12 percent.
Tax increased on the construction work of the crematorium
According to the decision taken in the meeting of the GST Council, now even for the installation of the crematorium, road, metro, bridge, railway, and waste processing machinery, 18 percent, GST will have to be paid instead of 12. At the same time, from July 18, the rate of GST on transportation of goods and passengers through ropeways and equipment related to medical surgery has been reduced from 12 percent to five percent, in such a situation, these things can be cheaper. GST on goods vehicles and their fuel has also been reduced from 18 percent to 12 percent. Hopefully, this will make freight cheaper.
Tax will be levied on renting a residential house for commercial use
The GST exemption available on air travel to the northeastern states will now be limited to economy class. Apart from this, the services of regulators like the Reserve Bank of India, Insurance Regulatory and Development Authority (IRDA), and Securities and Exchange Board of India (SEBI) will also be charged tax after July 18, so these services can be costly. Taxes will also have to be paid on renting residential houses for commercial use. However, on electric vehicles with or without batteries, the GST rate will remain at 5 percent with the exemption.
Jawan: Shahrukh Khan's team took strict action against those selling pirated copies of 'Jawaan', the matter reached the police.
It's been just a few days since Shah Rukh Khan's film Jawan was released. The film is also making great collections at the box office. Meanwhile, to spoil Jawan's business, pirated copies were
Dawood Ibrahim Poisoned: Is Dawood Ibrahim killed? Was admitted to hospital due to poison, why the fear of death?
The news of the murder of underworld don mafia leader Dawood Ibrahim is coming out in Karachi, Pakistan. It is being told that Dawood Ibrahim, who was admitted to the hospital in Karachi on Friday
Salman Khan forgot all the grievances and joined his ex-sister-in-law in her grief, reached Malaika Arora's father's house late at night
At present, the matter of the sudden death of actress Malaika Arora's father Anil Mehta is in the news. On Wednesday, the news of his suicide suddenly came out and a wave of mourning spread in the
Ranveer Allahbadia Row: Parliamentary committee takes a big step amid Ranveer Allahbadia controversy, seeks response from IT ministry
A parliamentary committee has taken a big step in the case of derogatory remarks made by Ranveer Allahbadia, who hosts programs on YouTube and other social media. The committee has sought a response
Retail Inflation Data: There is no relief from inflation, retail inflation increased to 7.41 percent in September
Retail Inflation Data: There has been a jump in retail inflation for the second consecutive month. In September, the retail inflation rate increased to 7.41 percent. Retail inflation stood at 7
AIIMS Bhubaneswar Recruitment 2023: AIIMS Bhubaneswar has recruited more than 700 posts, read all the details
AIIMS Bhubaneswar Recruitment 2023: There is a great chance to get a job at AIIMS. All India Institute of Medical Sciences, (All India Institute of Medical Sciences, Jodhpur) Bhubaneswar has made
UWW: Will UWW change the weight measurement rules after the Vinesh Phogat case? Decision on the silver medal may come by this evening
The Paris Olympics have ended, but Indian wrestler Vinesh Phogat is still waiting for justice. She was disqualified before the final. After this, the female wrestler demanded a joint silver medal from
Budaun Case: There was an attempt to communalize the double murder in Budaun, and police foiled the plan.
(Budaun Double Murder Case) A few people were trying to give a communal form to the murder of two innocent children. There were some mischievous elements behind the suddenly deteriorating atmosphere.
Will always remember five moments of Indo-Pak match: Hardik hugs Rizwan, Naseem Shah kept moaning in pain, still bowled
About 10 months ago on 24 October 2021, the Indian team lost to Pakistan for the first time in the history of the World Cup. India has cleared the account of that defeat on Sunday night. Team India
IPL: Shreyas is the first captain to take three teams to the finals; Know when the same teams clashed in Q1 and title matches
Punjab Kings team has reached the final of IPL 2025. It defeated Mumbai Indians by five wickets in the IPL Qualifier-2 match on Sunday. With Punjab's victory, it was decided that a new team would
