GST Hike on Daily Essentials: Cost of kitchen to increase from Monday! Increase in tax rates on curd and rice!!

GST Tax Rates Increased Check List of Items Which Get Costlier from July 18, 2022: A fortnight ago the GST Council meeting was held in Chandigarh. The Committee of Ministers discussed the rationalization of tax rate. Tax has been increased on some items and reduced on others. It is disturbing that there are products that increase the burden on the common man. The increased rates will come into effect from July 18.

Due to taxes, the cost of a common man’s kitchen will increase a little more. Packaged curd, buttermilk, paneer, prepackaged rice, wheat and flour have been levied 5 percent GST. As a result, the prices of essential commodities will increase.

If prices rise

Packaged Food: The GST Council has approved the proposal of the Committee of Ministers to bring pre-prepared food items under the ambit of taxation. Till now there was no tax on non-branded food items. It has been decided to exclude pre-packaged and pre-labelled retail packets from this. Henceforth, tax will be levied on labelled, packaged yogurt, lassi, butter milk.

Bank Check Books: Banks issue check books to customers for a small fee. 18 percent GST will be levied on that fee henceforth.

Hotel Rooms: Hotel rooms charging 1000 rupees per day have been brought under 12 percent GST. Currently it is under tax exemption.

Hospital Beds: If the hospital bill exceeds Rs.5000 per bed per day, 5 percent tax will be levied on it regardless of ITC. An exception was made for ICU beds.

LED Cheeks: Soon the prices of LED bulbs, fixtures and LED lamps will increase. The existing 12 percent tax has been increased to 18 percent.

Knives: Cutting blades, paper knives, pencil sharpeners, blades, spoons, forks, ladles, skimmers, cake serving utensils have been brought within the range of 12 percent to 18 percent.

Pumps, Machines: Water pumps, centrifugal pumps, turbine pumps used in wells, submersible pumps and bicycle pumps have been brought within the range of 12 to 18 percent. Cleaning machines, gardening machines, sowing machines, pneumatic flour mills and wet grinders will be taxed at 18 per cent instead of 12 per cent.

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