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GST Council Meet: What gets expensive or cheaper in revised rates? Check full list here

The council meet was chaired by Union Finance Minister Nirmala Sitharaman in the presence of four GoMs in Chandigarh

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New Delhi: The Goods and Services Tax (GST) Council, in its 47th meeting in Chandigarh on Tuesday has bring several changes in tax rates of some goods and daily user items which is sure to affect the pockets of the middle class.

A levy has been decided on pre-packed food, wherein unpacked food including grains will be entitled to the GST at the same rate once packed.

The council meet was chaired by Union Finance Minister Nirmala Sitharaman in the presence of four GoMs. The decisions by the council will come into effect from July 18 onwards.

Check out full list here: 

1. Packaged Food Items: The council has bought the packed food items under its ambit and said in a press realease, “Hitherto, GST was exempted on specified food items, grains etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of exemption to exclude from it prepackaged and pre-labelled retail pack in terms of Legal Metrology Act, including pre-packed, pre-labelled curd, lassi and butter milk.”

2. Bank Cheque Book Issuance: On the fee charged by the banks for the issue of cheques in any form will be levied at 18 per cent of GST.

3. Hotel Rooms: Ending the tax exemption category for hotel rooms under Rs 1,000 per day, the council has decided to bring it under its ambit from now onwards.

4. Hospital Beds: The rent for the room over Rs 5000 a day (excluding ICU rooms) will be taxed at 5 per cent without ITC.

5. LED Lights: The LED lights and other products are set to see a price hike after the council inverted it from 12 to 18 per cent of duty structure.

6. Machines and Pumps: The tax slab for electric pumps and machines has been shifted from 12 percent to 18 percent catergory.

7. Orthopedic Appliances: Artificial body parts, appliances and other products will now draw a GST of mere 5 percent compared to previous tax of 12 percent.

8. Defence Items: Certain specific defence items have been exempted from GST.

 

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