New Delhi17 minutes ago
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Amul milk will not be cheaper even after the new GST rates coming into effect from 22 September. Jayen Mehta, managing director of the Gujarat Co-operative Marketing Federation, said that if there is already GST zero on the pouches milk, then there will be no change in its prices.
He said that only ultra high temperature milk (UHT milk) prices will be lower than September 22, as it has been removed from 5% to zero. Earlier, it was being claimed in many media reports that after changes in GST rates, the prices of pouch milk would be reduced by Rs 3-4 per liter.
What is an ultra-high temperature milk? Ultra-high temperature milk is made from special processing. In this, milk is heated for a few seconds at 135 ° C (275 ° F), which eliminates almost all the bacteria present in it. It is then packed in special packaging like Tetra Pack, which does not spoil it for several months without a fridge. Because of this, this milk is useful for places where fresh milk is not easily available.
Only two slabs instead of 4 in GST From September 22, only two slabs instead of 4 of GST will be 5% and 18%. This will also make common needs such as soap, AC, car with shampoo. It was decided in the 56th meeting of the GST Council. Finance Minister Nirmala Sitharaman gave this information on 3 September.
Finance Minister Sitharaman said that many food items including milk, roti, paratha, chhena will be GST free. At the same time, individual health and life insurance will also not be taxed. 33 Life -saving medicines, rare diseases and medicines for serious diseases will also be tax free.
Luxury items and tobacco products will now be 40% GST instead of 28%. Medium and large cars, motorcycles with engine more than 350cc will come to this slab.
Booking of hotel rooms cheaper, IPL tickets will be expensive
- GST has been reduced from 12% to 5% on the booking of hotel rooms, that too when the room fare is Rs 7500 or less per day.
- GST on beauty and health services has been reduced from 18% to 5%, such as gym, salon, barber shop, yoga center etc., which uses the common man.
- GST has been increased from 28% to 40% for entry in IPL such as casino, race club, or where there are casinos and race clubs, or sports events.
What will be the benefit of the common man from these changes?
These changes will reduce the burden on your pocket. Everyday items, food items and small vehicles will become cheaper. 18% tax on health insurance for individual, family, and elderly has been removed. This will make it cheaper to take insurance and more people will be able to take it.
- If the tax on cement is 28% to 18%, the cost of building or repairing will be slightly lower.
- Luggage like TV, air conditioner will also come under 28% to 18% tax, that is, they will also be cheap.
- 33 essential medicines, especially cancer and serious diseases, will now be tax-free.
- Small cars and motorcycles up to 350cc will now come under 18% tax instead of 28%.
- Tax on auto parts and three-wheelers also ranged from 28% to 18%, which will make them cheap.
Example: Hair oil
First: Suppose a hair oil bottle was priced at Rs 100 and if it looked 18% GST, then the calculation would be something like this …
GST = 100 × 18% = 18 rupees
Total price = 100 + 18 = 118 rupees
Now: The new rate is 5%.
GST = 100 × 5% = 5 rupees
Total price = 100 + 5 = 105 rupees
Benefit: The first bottle available for Rs 118 will now be available for Rs 105.
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