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A plethora of food items, particularly pre-packaged items are found to get costlier as the new Goods and Service Tax (GST) rates are inculcated into effect from today (Monday) onwards. The Union Finance Minister Nirmala Sitharaman chaired the 47th GST council meeting last month, unanimously reviewing the GST rates on different items.
Reports are claiming to get a hike of five per cent GST over pre-packed food items. Curd, lassi, buttermilk. Paneer (cottage cheese), honey, dried makhana, wheat, labeled meat and jaggery amongst other food-items is all set to get expensive after the latest revision including tetra packs invitation of 18 per cent GST.
Central Board of Direct Taxes has made it clear defining constituting in a pre-packed food item. Stationery set to be expensive like printing, writing or drawing ink; knives with cutting blades, drawing and out marking out instruments also LED lamps having 18 per cent GST slapped on them by a hike of six per cent from the last revision.
On the other hand, a 12 per cent GST will be imposed on maps and charts, including atlases. Your bank stationery is also going to get a tad expensive as the council has levied 18 per cent GST, up 6 per cent from the prior arrangement freely charged for the issue of cheques.
Hotel rooms are also entitled to get more expensive, earlier under Rs 1,000 per day will shell out more as the government got rid of the tax exemption categorized and levied a 12 per cent GST on it.
Northeastern states of India become cheaper as the transport of passengers ‘to and from the region is exempted from any GST.
Transport of goods and passengers via ropeway is soon getting cheaper. The GST council slashed the rates of GST from 18 percent to five per cent transporting by rail or a vessel of railway equipment and material has been exempted from any GST.
The application fee charged for entrance for issuance of eligibility certificate to admission or issuance of migration certificate by universities is exempt from GST.
An eye to increasing the utility of electric vehicles (EV) amongst the masses, the council mandated that concessional GST of five per cent will be provided on EVs not fitted with a battery pack.
