For increase revenues, during the two-day GST council’s 47th meet held last month in Chandigarh, rates were revise for a number of items. Finance Minister Nirmala Sitharaman, decide on bringing pack foods like milk, curd and paneer, unpacke ones like rice and wheat when pack and bank fee for issuing cheques under the 5% slab and hotels charging Rs 1,000 or less per day for stay under 12% bracket.
List of Commodities that will get Expensive Starting 18th July 2022.
5%
- Packed foods : milk, curd and paneer
- Unpacked foods : rice and wheat when packed and bank fee for issuing cheques
- Dried leguminous vegetables
- Makhana
- Wheat or meslin flour
- Jaggery
- Puffed rice
- Organic food
- Manure and compost
- Ostomy appliances and transport of goods and passengers by ropeways (Earlier 12%)
- Electric vehicles, whether or not fitted with a battery pack
12%
- Hotels charging Rs 1,000 or less per day for stay
- Solar water heaters (Earlier 5%)
- Finished goods like leather products
- Maps and charts, including atlases
- Renting of truck, goods carriage where the cost of fuel is included (Earlier 18%)
18%
- Printing
- Writing and drawing ink
- LED lamps
- Drawing instruments
- Tetra packets
- Services such as work contracts for roads, bridges, railways, metro, effluent treatment plants and crematoriums
As GST will remain exempted from unpacked, unlabelled and unbranded goods.
BIG NEWS : GST rate hikes: Full list of goods and services that are expensive now
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The 47th meeting of the Goods and Services Tax Council began in Chandigarh on 28th June 2022, almost marking five years of the tax system coming into effect on 1st July, 2017.
In these five years, the GST setup has gone through numerous changes, and the two-day meeting look at matters such as the GST compensation to states, and the imposition of taxes on some currently-exempt goods and services.
