GST Guidelines 2022: What gets Expensive, What gets Cheaper?


GST (Goods and Services Tax), introduced by the central government in July 2017, has undergone a few changes after the 47th meeting of the GST council that took place in Chandigarh in June 2022 had arrived at a consensus on changing the tax regime of certain products and services.

Several packaged food items and banking and hotel services have become more expensive since these changes came into effect on July 18, 2022. On the other hand, GST on a few transport-related services have been lowered, which will indirectly affect the price of a few goods in future.

gst 2022

GST 2022: Here’s what gets more expensive

Food products: 5% GST will be imposed on rice, wheat, atta, paneer, curd, jaggery, lassi, buttermilk, labelled meat (except frozen) and fish. Earlier, there was no GST levied on these food items. All forms of mango packed and labelled are also brought into the 12% GST slab. An 18% GST will be applied on Tetra packs.

Hospital Room Rents: A 5% GST will be imposed on hospital rooms that cost more than Rs 5,000.

File GST Via Text Message and Faceless Customs

Stationery Items: Maps and charts will have a 12% GST applied to them. Printing/drawing ink, writing, pencil sharpeners, paper knives, knives with cutting blades, LED lamps and marking out instruments will now come under the 18% GST category instead of 12.

Banking and Hotel Services: 12% GST on all hotel rooms, which costs up to Rs 1,000 a day. 18% GST on fees charged by the banks for issuing cheque books.

Diamonds and Leather: Polished and cut diamonds will now be sold at a GST of 1.5%, while Leather made products will now come under the 12% GST slab.

Machinery and Contract Work Services: Machinery used in mills will now be sold at a GST of 18%. Meanwhile, work services contracts for building bridges, roads, metro, railways, crematoriums and treatment plans will also come under the 18% GST slab instead of the earlier 12%.

GST 2022: Here’s what gets Cheaper

  • Exemption of GST on air transport of passengers to and from northeastern Indian states if the tickets are booked for economy class.
  • Renting trucks and good carriages will now come under 12% GST instead of 18%.
  • 5% Concessional GST on electric vehicles.




Related articles

Difficulties in International Travel This Year with the New Covid-19 Rules

With new variants of the Covid-19 virus being found in different countries, there are new rules being set...

Green Cards for Low Wagers, Easy Stay for US Graduates: Immigration Bill for Indians

Joe Biden, the 46th President of the United States, sent an immigration reform bill to Congress that promises...

Ministry of Civil Aviation Announced New Rules Regarding Baggage Policy

The Ministry of Civil Aviation has announced that starting from the 25th of September, the baggage policy for...

List of all the states where schools are reopening with strict Covid19 guidelines

It has been almost 10 months since all the educational institutions have been shut down after the pandemic...

Classes For First Year Students Starting From November, Announced UGC

The University Grants Commission (UGC) has now announced final guidelines regarding admission and class schedule for the freshers/first-year...

This Is How You Can Save Lakhs On Your Next Automobile Purchase

Yes! You read that right, and it's not a hack that can work conditionally. All you need to...

Strict Guidelines for Travelers Arriving in Delhi From The UK -Arvind Kejriwal

The addition of another wave of COVID-19 in the UK made the whole world fret again. Chief Minister...

Is Service Charge by Restaurants Illegal? Know What the Govt Says

The service charge levied by restaurants without customers' consent is termed illegal by Union Minister Piyush Goyal. The...