Jul 19, 2022
By: Vaamanaa SethiFrom this week onwards, customers in India will have to pay more for household items, hotel rooms, and banking services as the GST council has hiked the rates effective from July 18.
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Nirmala Sitharaman-led revenue department has introduced an 18 percent GST tax on renting residential properties. Any person who is registered under GST will have to shell out an 18 percent GST for renting a residential property.
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Milk, real fruit juices, milkshakes which come in the tetra pack will now attract 18 percent GST.
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The nutrient-rich drink which is becoming more popular these days will now be costlier as it will add 5 percent GST.
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Pre-lacked labelled food items like atta, curd and paneer will attract 5 percent GST.
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Consumers renting hospital rooms with per day price above ₹5,000 will have to pay 5 percent GST. Hotels charging ₹1,000 for rooms per night will add up 12 percent GST.
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A 5 percent GST will be charged on one of the most consumed refreshing summer beverages, lassi and buttermilk.
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The government has levied a 5 percent GST on Jaggery of all types.
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Honey producing companies will now add a 5 percent GST on the price.
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Oftenly used as a replacement for sugar and honey, Khandsari sugar will have an added cost of 5 percent GST.
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Common staple food items rice, wheat, barley and oats will come with a 5 percent GST.
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One of the most consumed items in south India will now attract 5 percent GST.
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