GST rate hike: From curd and lassi to hospital and hotel rooms, know what will become expensive from July 18!

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In its 47th meeting, the GST Council unanimously decided to revise the rates on a range of daily essential commodities. The GST rate hike has come into effect from Monday, July 18, after which the common man may have to spend more money on household goods, hotels, and banking services among others.

The prices of daily essential items which are going to increase from Monday include curd, lassi, rice, and others. The GST Council in a press release after its meeting at the end of June said- "Pre-packaged and pre-labeled retail packs in terms of the Legal Metrology Act including pre-packaged, pre-labeled curd, lassi and buttermilk" on 18 July GST will be levied at the rate of 5 percent.

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Also, 18 percent GST will be levied on the charges charged by banks for issuing cheques, the GST Council has informed. The prices of LED lights, fixtures, and LED lamps may see a hike in prices as the GST Council has recommended a reform in the inverse duty structure from 12 percent to 18 percent.

Here is the complete list of goods and services on which GST will be increased from July 18:

Printer ink - 18 percent

Knives with cutting blades, paper knives, pencil sharpeners and blades, spoons, forks, ladles, skimmers, and cake servers - 18 percent

Electric pumps such as centrifugal, deep tube well turbines and submersible pumps, cycle pumps -machines for cleaning, sorting, and grading 18 percent 

Seeds, cereals; machinery used in the milling industry; Windmill - 18 percent

Milking and dairy machinery, machines for cleaning and sorting eggs - 18 percent

LED lamps, lights, and fixtures, their metal printed circuit boards - 18 percent

Drawing and marking out instruments - 18 percent

Solar water heater - 12 percent

Finished / Finished Leather / Chamois Leather / Combination Leather - 12 percent

Bank check - 18 percent

Maps, atlases, wall maps, topographic plans, and printed globes - 12 percent

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Hotel accommodation costing up to Rs 1,000 per day will attract a 12 percent tax

Hospital room rent (excluding ICU) will be charged by a hospital for an amount exceeding Rs.5,000 per day per patient for an amount of 5 percent for rooms without ITC.

Works contract for roads, bridges, railways, metro, effluent treatment plant, cremation ground, etc - 18 percent