Highlights

  • Unpacked, unlabelled and unbranded goods continue to remain exempt from GST
  • Tetra pack items to now attract 18% GST
  • Hospital beds above Rs 5000 to attract GST from July 18

Latest news

FIR against Samajwadi Party’s Sambhal MP for power theft

FIR against Samajwadi Party’s Sambhal MP for power theft

Eknath Shinde pays tribute to RSS founder, highlights Sangh's nation-building role

Eknath Shinde pays tribute to RSS founder, highlights Sangh's nation-building role

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

GST changes from today: Tax hike for hospitals to cheque books, here is what is more expensive

The GST Council approved changes to the tax structure effective July 18

GST changes from today: Tax hike for hospitals to cheque books, here is what is more expensive

New GST rates: Gear up for higher taxes as Goods and Service Tax (GST) slab changes take effective from July 18 and here what is getting more expensive from your makhanas to your tailoring-:

If it is packaged it is taxable! All packaged non branded food as well such as rice, atta, snacks will attract GST. A rate of 5% GST will be charged on pre-packed food
including curd paneer as well as all other 'snackables.

Cooking was already expensive and now eating too will cost you more as the GST on cutlery - your spoons, forks and knives has been raised to 18% from 12%

• Expect your packaged juices to milk boxes to get more expensive has the GST council has raised the tax on 'Tetra Pack' to 18% from 12%.

• Your cheque books are going to cost you more as 18% GST will be levied on charges for issuance of cheques by the bank

• Stay healthy as being hospitalised is also getting costlier; 5% GST on hospital beds will be imposed on room rent (excluding ICU) above Rs.5000 per patient per day by the hospital.

From PAN to crypto TDS; all rules changing from July 1

• Budget hotels will not longer be budget as from no tax to 12% GST will be imposed if room rent is less than Rs 1000/night.

• Tailoring is going to get more taxing - as the GST imposed on stitching your next textile has been raised to 12% from the previous 5%.

• If you are a fan of leather clothing or textiles or accessories well now be ready face a 12% tax payout vs 5% earlier.

• Going green will also cost you, GST on solar water heater will be increased to 12%.

ADVERTISEMENT

Up Next

GST changes from today: Tax hike for hospitals to cheque books, here is what is more expensive

GST changes from today: Tax hike for hospitals to cheque books, here is what is more expensive

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

ADVERTISEMENT

editorji-whatsApp

More videos

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.