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

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: