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GST changes: Your household budget hit, here is what is more expensive

In the meeting, it was decided to bring more items under the ambit of GST.

Updated: Jul 02, 2022 01:14

GST Council Meet Highlights: The 47th GST Council meeting chaired by Finance minister Nirmala Sitharaman made some sweeping changes.

Here are some of the announcements that will tax your household budget-:

If it is packaged it is taxable! All packaged non branded food as well such as rice, atta, snacks will attract 5% GST
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.
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%.
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%
If you are a fan of leather clothing or textiles or accessories well now be ready face a 12% tax payout vs 5% earlier.