Winning Bizness Desk

Mumbai. After levying 5% GST on food items and pre-packaged food items, now their prices will increase. All the products on which the GST rates have been hiked are items that are consumed on a daily basis. According to the existing data, it is estimated that the household budget is likely to increase by more than Rs 1000 every month.

Flour and rice will be expensive

Now flour, rice and pulses will become expensive. For example, the price of 20 kg of flour will increase from Rs 630 to Rs 650, which was earlier Rs 600 per bag. Apart from this, the prices of refined flour will also increase. Similarly rice, which costs Rs 1300 to 1600 for a bag of 25 kg, will cost Rs 1400 to Rs 1800. The price of pulses will be Rs 5 to 7 more per kg. Flour mill owners say that before GST the cost of a quintal was around Rs 2600, but now the retailer will have to spend Rs 2730.

Some food items more expensive

The effect of increase of 5 percent in the rate will be on every household according to the rate compared to March 2014. Flour which was priced at Rs 20 per kg is now priced at Rs 28, similarly the cost of 400 grams of curd is now Rs 40, while the price of desi ghee will reach around Rs 650 per kg, which is around Rs 350 per kg in 2014. per kg was Rs. Not only food items, but from soaps and detergents to mustard and sunflower oil will also cost more.

Fish, paneer, lassi, honey all costlier

The rate has been increased due to withdrawal of exemption for pre-packaged and pre-labeled food grains, fish, paneer, lassi, honey, jaggery, wheat flour, buttermilk, unfrozen meat/fish, and murmura (Muri). These will now attract 5 per cent tax at par with branded goods. Apart from this, hotel and hospital bills will increase.

Ink, knife, pencil price will also increase

The price of ink, knife, pencil will also increase. GST on printing, writing or drawing ink, knives with cutting blades, spoons, forks, paper knives, pencil sharpeners and LED lamps has been increased from 12 per cent to 18 per cent. Solar water heater will attract 18 per cent tax.

tetra pack will attract more tax

Beverages have also not escaped the increased tax. Tetra packs used for packaging of liquid drinks and dairy products will now attract 18 per cent GST instead of 12 per cent.

Agricultural products to attract 18% GST

Talking about products and machines for agriculture, rate of machines used for agricultural purposes especially for seed cleaning, sorting and grading, machines used in cottage industries flour mills that use wind power and wet grinders But 18 percent GST will be applicable, which was only 6 percent earlier. GST on cleaning eggs, sorting, fruit and milking machines and other equipment used in dairy machinery has been increased from 6 per cent to 18 per cent.

SEBI will also increase GST on services

Talking about the reduction in rates, the GST on transportation of goods and ropeways has been reduced from 18 per cent to 5 per cent. Trucks or goods vehicles that include fuel cost will have lower fares as the tax has been reduced from 18 per cent to 12 per cent. The GST on ostomy equipment and orthopedic equipment has been reduced from 12 per cent to 5 per cent.