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.
Sri Lanka Crisis: Wickremesinghe takes oath as acting President of Sri Lanka
Sri Lankan President Gotabaya Rajapaksa, who is facing a major economic crisis, tendered his resignation on Thursday. After this, there is an atmosphere of celebration on the streets of Colombo. The
Sai Pallavi: Sai Pallavi wanted to become a doctor, not an actress, know how her destiny changed
At present, South Cinema is hoisting the flag of its success not only in India but in the whole world. The actors and actresses here have a strong fan following everywhere. Sai Pallavi, a beautiful
Operation Sindoor: The Saudi Arabian minister suddenly reached Delhi amidst India-Pakistan tension, Iranian foreign minister also came
After Operation Sindoor, tensions between India and Pakistan are at their peak. Countries around the world are appealing for peace. Meanwhile, Saudi Arabia's Minister of State for Foreign Affairs Adel
IPL 2024: Sunrisers removed Markram, who won SA20, from captaincy, and handed over the responsibility to Cummins worth Rs 20.5 crore.
Changes continue in IPL 2024. After Mumbai Indians suddenly removed Rohit Sharma from the captaincy and handed it over to Hardik Pandya, now another team has also made a big change in the captaincy.
Reliance Retail: Reliance Retail will sell sweets, eyes on the market of 50000 crores, sale starts at 50 stores
Reliance retail stores will now sell sweets as well. The company's eyes are on the unorganized sweet market worth Rs 50,000 crore. It has started selling sweets at more than 50 of its stores. Packed
NEET-UG 2024: 'The leak case is limited only to Patna and Hazaribagh,' SC said - this is not a systematic failure
The Supreme Court today (August 2) gave a detailed verdict on the NEET UG case. The court said that after hearing all the arguments, it has concluded that the paper leak case is not a systematic
JPC: 'Information about Waqf property will have to be given on the website within six months', the bill was accepted with these changes
Among the 14 amendments accepted by the Joint Committee (JPC) of Parliament on the Waqf (Amendment) Bill, the Bill makes it mandatory for every waqf property registered under the existing law to
Nepal Unrest: India rescued the volleyball team trapped in Nepal; the video went viral, pleading for help
Amid the violent protests in Nepal, an Indian volleyball team has been safely evacuated by the Indian Embassy in Kathmandu. According to the information, the embassy was in constant touch with the
Coronavirus Updates: Corona cases decreased for the fourth consecutive day in the country, 5,439 new cases were found in the last 24 hours; Know the Latest Updates
Coronavirus Updates- The cases of coronavirus in India are continuously decreasing. For the fourth consecutive day, less than 10 thousand cases of coronavirus have been reported in the country. In the
PM Modi US Visit: PM Modi will be on a two-day US visit from February 12, and will meet President Trump
Prime Minister Narendra Modi will visit the US for two days from February 12. During this time he will meet US President Donald Trump. People who are closely monitoring this matter gave this
