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New GST Rates
July 21 , 2022
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- The new GST rates came into effect from July 18, 2022.
- Several food items have become costlier including products like paneer, rice, wheat, jaggery, curd and lassi that are pre-packaged and labelled.
- These day-to-day household items will attract 5 percent GST from July 18.
- Dried makhana, puffed rice, meslin flour, labelled meat and fish will also attract 5 percent GST.
- All these items were exempted from GST tax earlier.
- Besides this, 12% GST will now be charged on all forms of mango including mango pulp.
- However, loose, unbranded and unlabelled goods will continue to be remain exempted from GST.
- The GST rates for hotels and bank services have also been hiked.
- The new GST rates for Bank services including the fee charged by banks for issuing cheques will now be 18 %.
- 12 per cent GST will be levied on hotel rooms.
- Current they have exempted from GST.
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