GST new rates: Check full list of goods, services that get costlier, cheaper

The 47th GST council meeting was held under the chairmanship of Union finance minister Nirmala Sitharaman on Wednesday, during which, approval for changes in tax rates was given for several goods and services.

The decisions of the council will come into effect on 18 July, according to revenue secretary Tarun Bajaj.

Check what will get costlier in the coming month:

Goods/Services   Older rate New rate 
Printing, writing or drawing ink  12% 18% 
Knives, pencil sharpners, blades, forks, spoons, ladles  12% 18% 
Centrifugal pumps, deep tube-well turbine pumps, submersible pumps, bicycle pumps  12% 18% 
Machines for cleaning, sorting or grading, seed, grain pulses; Machinery used in milling industry or for the working of cereals etc, pawan chakki, wet grinder  5% 18% 
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce and its parts, milking machines and dairy machinery  12% 18% 
LED lamps, lights and fixture, their metal printed circuits board  12% 18% 
Solar water heater and system  5% 12% 
Prepared/finished leather/chamois leather / composition leathers  5% 12% 
Job work in relation to processing of hides, skins and leather; manufacture of leather goods and footwear; manufacture of clay bricks  5% 12% 
Works contract for roads, bridges, railways, metro, effluent treatment plant, crematorium etc.  12% 18% 
Tetra Pak (Aseptic Packaging Paper)  12% 18% 
E-waste; petroleum/coal bed methane  5% 18%
Cut and Polished diamonds  0.25% 1.5%

Further, the GST panel has accepted the recommendation to bring packed food items under the GST ambit.

“Hitherto, GST was exempted on specified food items, grains etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of exemption to exclude from it prepackaged and pre-labelled retail pack in terms of Legal Metrology Act, including pre-packed, pre-labelled curd, lassi and butter milk,” read a statement.

It has also decided that an 18% GST will be levied on fees charged by banks for the issue of cheques (loose or in book form). Hotel accommodation priced up to 1,000 per day shall be taxed at 12%.

Room rent (excluding ICU) exceeding 5,000 per day per patient charged by a hospital shall be taxed to the extent of the amount charged for the room at 5% without ITC.

GST exemption on the transport of passengers by air to and from northeastern states and Bagdogra was restricted to economy class. The exemption was also withdrawn from services by RBI, IRDA, SEBI and FSSAI.

Goods and services getting cheaper:

Goods/Services Older rate New rate
Ostomy appliances 12% 5%
Orthopedic appliance- Splints and other fracture appliances; artificial parts of the body; other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability; intraocular lens 12% 5%
Transport of goods and passengers by ropeways 18% 5% (with ITC of services)
Renting of truck/goods carriage where cost of fuel is included 18% 12%
IGST on specified defence items imported by private entities/vendors, when end-user is the Defence forces Applicable rate Nil

Meanwhile, the council deferred the decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders.

A group of ministers headed by Meghalaya Chief Minister Conrad Sangma has been asked to consider submissions of stakeholders again on the valuation mechanism and submit its report by 15 July.


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