News Nation Logo

GST Council Changes Tax Rate On Several Items, Know What Gets Cheaper And Dearer

The GST Was Also Cut On Marine Fuel To 5 Per Cent While The Same On Railway Wagons, Coaches, Rolling Stock Has Been Increased From 5 Per Cent To 12 Per Cent.

News Nation Bureau | Edited By : Shashikant Sharma | Updated on: 20 Sep 2019, 11:22:19 PM
Photo for representational purpose only.

Photo for representational purpose only.

New Delhi :

The all-powerful GST Council on Friday hiked the tax on caffeinated beverages to 40 per cent from the existing 18 per cent and reduced the rate on hotel room tariffs. In the GST Council meeting, headed by Finance Minister Nirmala Sitharaman, it was also decided to reduce the GST tax on outdoor catering to 5 per cent from the current rate of 18 per cet. Briefing reporters after a meeting of the panel, Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus additional cess of 12 per cent as against the current rate of 18 per cent. The GST was also cut on marine fuel to 5 per cent while the same on railway wagons, coaches, rolling stock has been increased from 5 per cent to 12 per cent, she said. The new rate changes would be effective from October 1.

Also Read | GST Council Meeting: Tax On Caffeinated Beverages Hiked, Cuts Rates On Hotel Room Tariffs

What Will Get Cheaper And Dearer After The New GST Rate Changes:

SR NO. PRODUCT NAME STATUS 
Hotel rooms  Cheaper
2. Cold drinks and other caffeinated beverages  Dearer
3.  Outdoor Catering Cheaper
4.  Marine Fuel Dearer
5. Railway Wagons & Coaches Dearer
6.  Rolling Stock Dearer
7.  Defence Goods  Cheaper
8. Woven/Non-Woven Polyethylene Bags Cheaper
9. Passenger vehicles with capecity to carry 10-13 people  Cheaper
10. Slide Fasteners (Zips) Cheaper
11.  Semi-precious stones Cheaper
12.  Almond Milk Cheaper

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.

First Published : 20 Sep 2019, 11:22:19 PM