GST Rate Hike: Know What Gets Costlier And Cheaper From Today

Costlier goods

• Pre-packed, pre-labelled curd, lassi and buttermilk
• Pulses, cereals like rice, wheat, flour and other such items, weighing below 25 kg or 25 litres
• Package containing 10 retail packs of flour of 10 kg each.

“The exemption was withdrawn on pre-packaged items even if unbranded to monitor branded suppliers/ manufacturers who escaped registration and claimed exemption of GST by keeping goods unlabelled,” Archit Gupta, CEO and founder of Clear told News18.com.

Costlier services

• Hospital room rent (excluding ICU) exceeding Rs 5000 per day per patient will be taxed to the extent of the amount charged for the room at 5 per cent without ITC.
• Hotel rooms under Rs 1,000 per day under the 12 per cent GST slab.
• 18 per cent GST on fees charged by banks for the issue of cheques (loose or in book form)
• The prices of LED Lights, fixtures, and LED lamps are set to see a price hike as the GST council has recommended a correction in the inverted duty structure from 12 per cent to 18 per cent.

Cheaper now

• No GST on defence items imported by private entities/vendors, when the end-user is the Defence forces.
• Transport of goods and passengers via ropeway will get cheaper, GST slashed from 18 per cent to 5 per cent.
• Renting of goods carriage with operators
• Splints and other fracture appliances; artificial parts of the body; other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability; intraocular lens.