Now pay 5% GST on pre-packaged and labeled food products; price of rice, curd, lassi on the rise

Visakhapatnam/Hyderabad: Be prepared to add extra money in the kitchen budget as the common man will now have to pay more for his favorite foods.

From July 18, prepackaged and labeled products such as curd, lassi, buttermilk, paneer, wheat, rice, honey, barley and oats will be subject to a goods and services tax (GST) of 5%. Although it will be a burden for the common man who has just come out of the COVID-19 pandemic, retailers and traders will also face challenges in coping with price changes.

The GST Board, at its meeting, unanimously decided to increase the prices of several everyday essentials. “Pre-packaged and pre-labeled retail packages in accordance with the Legal Metrology Act, including pre-packaged and pre-labeled curds, lassi and buttermilk, will be subject to GST at the rate of 5% from July 18,” TPS said. advice.

In addition, an 18% GST will be imposed on fees charged by banks for issuing cheques.

Many people reacted negatively to the GST rates. In particular, the GST imposed on basic groceries would affect many people. “Curds, paneer, buttermilk, oats are staples and everyday foods in the kitchen. The COVID pandemic has impacted the middle class and now the price increase would add extra budget every month,” said Saritha, a housewife.

Here is the list :

5% GST on curd, lassi, buttermilk, paneer, jaggery, natural honey, puffed rice, rolled rice, rice, wheat, barley, oats, wheat, rice flour.

Up to 18% GST increase on LED lights, ink, knives, blades, sharpener, blades, printing, writing, etc.

· 18% GST on motor pumps, bicycle pumps and dairy machines.

· 18% GST on fees charged by banks for issuing cheques.

5% GST imposed on rooms that cost more than Rs. 5,000 (excluding intensive care) in hospitals.

· 12% GST on hotel rooms with less than Rs. 1,000 per day.

· 12% GST on solar water heater and system.

· 12% GST on maps and printed maps.

· Works contract for roads, bridges, railways, metro, sewage treatment plant, crematoria and others by 18%.

18% GST for works contracts for historical monuments, canals, dams, pipelines, water supply plants, educational institutions, hospitals supplied to central, state governments, authorities local and subcontractors.

· 18% GST on work contracts for roads, bridges, railways, metro, sewage treatment plant, crematorium.

· 18% GST on machines used to clean, sort, grade seeds and pulses, milling/grain industry machines and wet grinders.

· 12% GST on leather (prepared, finished, chamois and composition).