New GST rates come into effect: Complete list of Items becoming more expensive from today

New GST rates come into effect: Complete list of Items becoming more expensive from today

By Sanjay Maurya

After the implementation of the GST Council’s rate hike decision, customers will have to pay more for household items, hotel rooms, banking services, among others from today (July 18). The decision was taken by the GST Council, the highest decision-making body on the levy of Goods and Services Tax, chaired by Union Finance Minister Nirmala Sitharaman and chaired by representatives of all states and union territories.

Some items are set to attract the Goods and Services Tax (GST), while the tax expenditure on some is set to come down as a series of decisions of the GST Council takes effect.

GST rates change: What would get more expensive

Unlabeled, Unpacked, and unbranded goods continue to remain exempt from GST.

• Pre-packed, labelled food items like atta, paneer, and curd – 5% GST
• Hospital rooms with rent above INR 5,000 – 5% GST
• Maps and charts, including atlases–12% GST
• Tetra packs. – 18% GST
• Fees charged by banks for the issue of cheques (loose or in book form) – 18% GST
• Tax rates on products such as printing, writing, or drawing ink; knives with cutting blades, pencil sharpeners, and paper knives; LED lamps; drawing and marking out instruments will be hiked to 18% from 12%earlier.
• The solar water heater will now get 12% GST as compared to 5% earlier.
• Services such as work contracts for bridges, roads, railways, metro, effluent treatment plants, and crematoriums too will see tax going up to 18 percent from the earlier 12 percent.

GST rates change: Things that would go cheaper

• From July 18, tax on ostomy appliances, transport of goods, and passengers by ropeway will be reduced from 12 percent to 5 percent.
• Hiring trucks, and freight, where fuel cost is included, will now attract a lower rate of 12 percent as against 18 percent.
• The exemption in GST on the transportation of passengers to and from the northeastern states and Bagdogra will be limited to economy class only.
• Electric vehicles, whether fitted with a battery pack or not, will be eligible for a concessional GST rate of 5 percent with effect from July 18.
  

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