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GST Budget : Finance minister has announced on Friday new GST Budget, Check Details. | TechstudiZ

byMr. Akash Pal -July 11, 2022
0

 The Union Finance Minister has announced that the GST will increase prices of curd, lassi and other items from July 18 onwards. Finance Minister Nirmala Sitharaman on Friday announced the GST Council's decision to hike prices of goods and services from July 18.

                                                                  image credit - online/edited

You will have to pay more for several items of daily use, After the 47th meeting, Finance Minister Nirmala Sitharaman said that the GST rates on certain new products and certain goods will be increased from July 18.

From 18th July, pre-packaged agricultural products such as paneer with labels will be allowed, Lassi, Uncle, Packaged curd, Wheat flour, Other cereals, Honey, Papad, Foodgrain, Meat and fish (except frozen ones), Goods such as jaggery and jaggery are currently taxed at 5 per cent under GST, While unpacked and unlabeled goods are tax-free, what will be cheaper from July 18 and which is more expensive?
These things will be expensive -

  • Curd, lassi and butter milk with tetra pack will be costlier as it will attract 5% GST from July 18, which was not applicable earlier.
  • Banks will now charge 18% GST on the fee charged on the cheque book issued
  • It will be subject to GST.
  • Also, maps and chargers, including atlas, will now attract 12 per cent GST
  • Will be.
  • Hotel room tariffs below Rs 1,000 per day will attract 12 per cent GST, which was not applicable earlier.
  • LED lights and LED lamps will attract GST of 18 per cent, which is not applicable earlier.
  • Blades, paper scissors, pencil sharpeners, spoons, forged spoons, skimmers and cake-servers will attract 12 per cent GST, which will now be levied at 18%.
These will be cheaper -

  • The GST rate has been reduced from 18 per cent to 5 per cent.
  • Transportation of passengers and goods by ropeways to be cheaper from July 18, The artificial part of the body, Body implants, GST on intra-ocular lenses has been reduced from 12 per cent to 5 per cent.
  • IGST will not be applicable on certain items to be imported for the defence forces.
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