The common man will have to shell out more on goods and services from next week because of the Goods and Services Tax (GST) rate hike that was announced after the recommendations were considered in the two-day 47th GST Council meeting in Chandigarh last month.
The cost of household items, hotels, bank services, among others will become costlier from July 18 as GST rate was hiked for numerous items.
Several essential commodities and services set to become costlier
The GST on printing/writing or drawing ink, LED lamps, lights, and fixtures and their metal printed circuit board has been raised to 18 per cent from 12 per cent.
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The GST rate on solar water heaters and systems has been raised to 12 per cent from 5 per cent.
The rate on tetra pack has been increased to 18 per cent from 12 per cent and rate on cut and polished diamonds to 1.5 per cent from 0.25 per cent.
Full list of items to become costlier from July 18
Printing, writing or drawing ink (18 per cent)
Knives with cutting blades, paper knives, pencil sharpeners and blades, spoons, forks, ladles, skimmers, cake-servers etc (18%)
Power driven pumps primarily designed for handling water such as centrifugal pumps, deep tube-well turbine pumps, submersible pumps; bicycle pumps-(18 per cent)
Machines for cleaning, sorting or grading, seed, grain pulses; Machinery used in milling industry or for the working of cereals etc; Pawan Chakki that is Air Based atta chakki; wet grinder-(18 per cent)
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce and its parts, milking machines and dairy machinery -(18 per cent)
LED lamps, lights and fixture, their metal printed circuits board -(18 per cent)
Drawing and marking out instruments -(18 per cent)
Solar water heater and system-(12 per cent) cheques, lose or in book form (18 per cent)
Works contract supplied to central and state governments, local authorities for historical monuments, canals, dams, pipelines, plants for water supply, educational institutions, hospitals etc. & sub-contractor thereof (18 per cent)
Maps and hydrographic or similar charts of all kinds, including atlases, wall maps, topographical plans and globes, printed (12%)
Hotel accommodation priced upto Rs 1,000/day shall be taxed at (12 per cent)
Room rent (excluding ICU) exceeding Rs 5000 per day per patient charged by a hospital shall be taxed to the extent of amount charged for the room at 5 per cent without ITC
Prepared/finished leather/chamois leather / composition leathers (12 per cent)
Works contract for roads, bridges, railways, metro, effluent treatment plant, crematorium etc (18 per cent)
Works contract supplied to central and state governments, union territories & local authorities involving predominantly earthwork and sub-contracts thereof (12 per cent).