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Other packaged water brands will also be low from the IRCTC sold in railway stations and trains.
Indian Railways has decided to give the benefit of the cut in Goods and Services Tax i.e. GST to its passengers. The Railways has cut its famous rail Neer bottled water prices. Now from September 22, a one liter bottle of Rail Neer will be available for just 14 rupees instead of 15 rupees.
Apart from this, a 500 ml bottle will be available for Rs 9 instead of Rs 10. Not only this, the prices of other packaged water brands approved by IRCTC sold in railway stations and trains will also be lower.
Railway Ministry post on X
The Railway Ministry wrote on the social media platform x, ‘Both health and savings in the journey. Minerals rich in water-rail Neer, now even more economical. ‘
Some railway services will also be cheaper
The Railways has reviewed not only water, but also the purchase cost of many other things. This includes air-conditioner, sub-contractured work and freight service services, which will now be cheaper with new GST rates.
The Railway Board has instructed in a written note that care should be taken during processing of suppliers bills so that there is no mistake in payment.
Only two slabs 5% and 18% instead of 4 of GST
Now 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.
Sitharaman had told 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.
The 56th meeting of the GST Council was held on 13 September under the chairmanship of Finance Minister Nirmala Sitharaman.
New rates of GST will be applicable from September 22
The Finance Minister had said that the new slabs will be implemented on the first day of Navratri, ie from 22 September. However, the new 40% GST rate on tobacco goods will not be applicable yet.
The purpose of these changes is to give relief to the common man, support small businesses and reduce their use by increasing taxes on harmful products such as tobacco.
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.
GST was implemented in 2017
The government implemented GST across the country on 1 July 2017. After this, 17 taxes and 13 centers of the central and state governments were removed. On the completion of 7 years of GST, the Finance Ministry posted with the achievements achieved during the last seven years.
GST is an indirect tax. It was implemented in 2017 to replace many types of indirect tax like VAT, service tax, purchase tax, excise duty. The GST had four slabs of 5, 12, 18 and 28%.
GST is divided into four parts:
- CGST (Central GST): is collected by the Central Government.
- SGST (State GST): It is collected by the state governments.
- IGST (Integrated GST): Applied to interstate transactions and imports, divided between central and state governments.
- Cess: Additional fees levied on specific goods (eg, luxury items, tobacco) to raise funds for specific purpose.
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