New Delhi: While the rising prices of everyday use items are affecting the household budget, the common man is not going to get any relief anytime soon. Not only food, the cost of various essential commodities is also becoming inaccessible day by day – thanks to the ever-increasing rise in products. Between low incomes and rising expenses, the typical Indian household budget has only grown over time. Adding to the budgetary woes, after Finance Minister Nirmala Sitharaman’s big decision on the GST hike, people will have to pay even more for essential food items, while the price of some services will go up over the next week.
The prices of many essential things are going to increase from 18th July. From now on you will have to pay more for daily food items. was decided on 47th GST meeting chaired by Finance Minister Nirmala Sitharaman Told. He said that from July 18, 2022, the rates of GST on some new products and some goods and services will increase.
Prices of agricultural commodities including pre-packaged labels like paneer, lassi, butter milk, packaged curd, wheat flour, other cereals, honey, papad, cereals, meat and fish (except freezing), mudi and jaggery to rise from July . 18. The tax on these products has been increased. Currently, 5 percent GST is levied on branded and packaged foods. Unpacked and unlabeled products are tax free.
Prices of which items will increase from 18th July? Here is the complete list
The prices of Tetra Pack Dahi, Lassi and Butter Milk will increase as 5% GST will be levied on it from July 18, which was not applicable earlier.
The service tax, which was earlier charged by the bank for issuing checkbooks, will now attract 18% GST.
5 per cent GST will be levied on rent of rooms above Rs 5,000 (non-ICU) in hospitals.
Apart from these, now the atlas map will also attract GST at the rate of 12 per cent.
Hotel rooms costing less than Rs 1,000 per day will attract 12 per cent GST, which was not levied earlier.
LED lights LED lamps will attract 18 per cent GST, which was not applicable earlier.
The GST on blades, paper-cutting scissors, pencil sharpeners, spoons, forks, skimmers and cake-servers, which was earlier 12 per cent, has increased to 18 per cent.