GST: Price of curd, lassi will increase from July 18, treatment will be expensive, these goods will be cheap

by

hear the news

Amidst rising inflation, the prices of packaged and labeled curd, paneer, lassi and essential items of daily use will have to pay more GST from July 18. This will increase the prices of essential goods. In its meeting held last month, the GST Council has revised the GST rates on various products, which have been notified by the Central Board of Indirect Taxes and Customs (CBIC). This will increase the cost of the common man.

Will have to spend more on these

  • 5 per cent GST will be levied on purchase of packaged and labeled curd, lassi, paneer, honey, cereals, meat and fish.
  • A room rented above Rs 5,000 (non-ICU) in a hospital will attract 5% GST.
  • 18 per cent GST on charges levied by banks on issue of check books.
  • 12 per cent GST on hotel rooms renting less than Rs 1,000 per day. Don’t think so now.
  • Rate on Tetra Pack increased from 12 per cent to 18 per cent.
  • 18% GST instead of 12% on printing/writing or drawing ink, LED lights, LED lamps.
  • 12 per cent GST will have to be paid on maps, atlases and globes.
  • 18 per cent GST on blades, knives, pencil sharpeners, spoons, forked spoons, skimmers etc. 12 per cent now.
  • 18 percent GST instead of 5 percent on flour mill, pulse machine.
  • 18% GST instead of 12% on grain sorting machines, dairy machines, fruit-agriculture product sorting machines, water pumps, cycle pumps, circuit boards.
  • 12 per cent GST on soil related products. It is 5 per cent now.
  • GST on chit fund service increased from 12% to 18%.

these things will be cheap

  • 5% tax on the movement of passengers and goods through ropeway. It’s now 18 percent.
  • Splints and other fracture devices, prostheses, body implants, intra-ocular lenses, etc. will attract 5 per cent instead of 12 per cent.
  • The GST on freight fare will be reduced from 18 per cent to 12 per cent for those operators where fuel cost is included.
  • Certain items imported for Defense Forces will not attract IGST.
Opinion sought on changes in monthly GST payment form

The Finance Ministry has sought the opinion of the industry by September 15 on the changes to be made in the monthly GST payment. In a meeting of the GST Council held last month, it was recommended to make the changes in the GSTR-3B or monthly tax payment form public and seek suggestions and advice from all stakeholders on them.

Recommending changes in the monthly GST payment system, the ministry said on Friday, “General public and traders are informed that a detailed concept paper has been issued on the major changes in Form GSTR-3B.” Suggestions have been sought from all the stakeholders by September 15, 2022.

Expansion

Amidst rising inflation, the prices of packaged and labeled curd, paneer, lassi and essential items of daily use will have to pay more GST from July 18. This will increase the prices of essential goods. In its meeting held last month, the GST Council has revised the GST rates on various products, which have been notified by the Central Board of Indirect Taxes and Customs (CBIC). This will increase the cost of the common man.

Will have to spend more on these

  • 5 per cent GST will be levied on purchase of packaged and labeled curd, lassi, paneer, honey, cereals, meat and fish.
  • A room rented above Rs 5,000 (non-ICU) in a hospital will attract 5% GST.
  • 18 per cent GST on charges levied by banks on issue of check books.
  • 12 per cent GST on hotel rooms renting less than Rs 1,000 per day. Don’t think so now.
  • Rate on Tetra Pack increased from 12 per cent to 18 per cent.
  • 18% GST instead of 12% on printing/writing or drawing ink, LED lights, LED lamps.
  • 12 per cent GST will have to be paid on maps, atlases and globes.
  • 18 per cent GST on blades, knives, pencil sharpeners, spoons, forked spoons, skimmers etc. 12 per cent now.
  • 18 percent GST instead of 5 percent on flour mill, pulse machine.
  • 18% GST instead of 12% on grain sorting machines, dairy machines, fruit-agriculture product sorting machines, water pumps, cycle pumps, circuit boards.
  • 12 per cent GST on soil related products. It is 5 per cent now.
  • GST on chit fund service increased from 12% to 18%.


these things will be cheap

  • 5% tax on the movement of passengers and goods through ropeway. It’s now 18 percent.
  • Splints and other fracture devices, prostheses, body implants, intra-ocular lenses, etc. will attract 5 per cent instead of 12 per cent.
  • The GST on freight fare will be reduced from 18 per cent to 12 per cent for those operators where fuel cost is included.
  • Certain items imported for Defense Forces will not attract IGST.


Opinion sought on changes in monthly GST payment form

The Finance Ministry has sought the opinion of the industry by September 15 on the changes to be made in the monthly GST payment. In a meeting of the GST Council held last month, it was recommended to make the changes in the GSTR-3B or monthly tax payment form public and seek suggestions and advice from all stakeholders on them.

Recommending changes in the monthly GST payment system, the ministry said on Friday, “General public and traders are informed that a detailed concept paper has been issued on the major changes in Form GSTR-3B.” Suggestions have been sought from all the stakeholders by 15th September, 2022.

,
Source link