Several goods and services will cost more from July 18 with the Goods and Services Tax (GST) Council approving an increase in rates to address inverted duty structures and withdrawing some exemptions. The decision taken at the GST Council meeting.The announcement was made by Finance Minister Nirmala Sitharaman.Packaged food to be costlier.
5% GST slab in fish, curd, paneer, honey etc
12% GST on hotel rooms above ₹ 1000 per day
5% rate for Non-ICUs with ₹ 5,000 per day
18% GST on bank checkbooks
