LATEST UPDATES

Dry weather forecast in next 24 hours

Precious Kashmir 27/01/2023

National Flag hoisted at KU’s Main, Satellite campuses on country’s 74th Republic Day

Precious Kashmir 26/01/2023

Security agencies have launched final assault on terror, its ecosystem in J&K: LG Manoj Sinha

Precious Kashmir 26/01/2023

J&K witnessing new dawn of development, peace, progress from last 3 years: Advisor Bhatnagar

Precious Kashmir 26/01/2023

Generally dry weather likely in J&K during next 24 hrs

Indo Asian News Service 26/01/2023

Govt appoints Dr Parikshat Singh Manhas as Chairman of JKBOSE

Precious Kashmir 25/01/2023

Govt reminds employees about filing APRs, action for non-submission

Precious Kashmir 25/01/2023

Arms and ammunition recovered in Poonch

Precious Kashmir 25/01/2023

CRPF trooper dies of cardiac arrest in Qazigund

Precious Kashmir 25/01/2023

ADGP Kashmir awarded President’s Police Medal on eve of R-Day

Precious Kashmir 25/01/2023

Driver died, 2 injured after shooting stones hit two vehicles in Ramban

Precious Kashmir 25/01/2023

Rains, Snow in J&K; Gulmarg receives 8 inches of fresh snowfall

Precious Kashmir 25/01/2023
  • Need to change our mindset

    Roscoe Pound’s Theory of Social Engineering

    916 shares
    Share 366 Tweet 229
  • Laboratory bearers working in School Education department demand promotion

    774 shares
    Share 310 Tweet 194
  • Sanjiv Bhagat inaugurates free legal aid clinic at Bodh Kharboo

    501 shares
    Share 200 Tweet 125
  • Republic Day – Celebrating 74 years of India’s glory 

    495 shares
    Share 198 Tweet 124
  • Fire breaks out in civil secretariat

    499 shares
    Share 200 Tweet 125
  • Tumbaknari: The sound of Kashmir

    520 shares
    Share 208 Tweet 130
  • 5G services to reach J&K soon: LG Sinha

    494 shares
    Share 198 Tweet 124
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Friday, January 27, 2023
PRECIOUS KASHMIR
No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Precious Kashmir
No Result
View All Result
Home Business

Flour, pre-packed food to attract 5% GST

Indo Asian News Service by Indo Asian News Service
18/07/2022
in Business
1 min read
November’s GST collection rises to over Rs 1.31 lakh cr
FacebookTwitterWhatsappEmail

New Delhi: Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them.

Exemptions have been withdrawn for pre-packed and pre-labelled food grains.

Hotel accommodation up to Rs 1,000 per day will now be taxed at 12 per cent.

Tax rates have been increased from 12 per cent to 18 per cent on products such as printing, writing or drawing ink, knives with cutting blades, spoons, forks, paper knives, pencil sharpeners, and LED lamps.

The 5 per cent GST will also be charged on hospital room rent above Rs 5,000 per day but ICU has been exempted.

Reacting to the development, the Congress said that these rate revisions are unwelcome at a time when inflation is putting pressure on the pockets of the common person.

“The CPI inflation in May 2022 stood at 7.04 per cent, and was as high as 7.79 per cent in April 2022. These are way higher than the maximum limit of 6 per cent set by the RBI. All the products for which GST rates have been revised upwards are items that are consumed daily by the lower and middle classes,” said Congress Spokesperson Gaurav Vallabh.

The GST Council, at a two-day meeting in June had accepted recommendations for rate rationalisation made by sub-groups, resulting in tax changes to be effective from July 18.

The council had decided to refer the report of the GoMA on casinos, online gaming and horse racing back to the panel of ministers for further consideration.

The report is expected to be ready and would be taken up by the council in its next meeting in August.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)

Related

Share196Tweet123SendSend
Indo Asian News Service

Indo Asian News Service

  • Need to change our mindset

    Roscoe Pound’s Theory of Social Engineering

    916 shares
    Share 366 Tweet 229
  • Laboratory bearers working in School Education department demand promotion

    774 shares
    Share 310 Tweet 194
  • Sanjiv Bhagat inaugurates free legal aid clinic at Bodh Kharboo

    501 shares
    Share 200 Tweet 125
  • Republic Day – Celebrating 74 years of India’s glory 

    495 shares
    Share 198 Tweet 124
  • Fire breaks out in civil secretariat

    499 shares
    Share 200 Tweet 125
  • Tumbaknari: The sound of Kashmir

    520 shares
    Share 208 Tweet 130
  • 5G services to reach J&K soon: LG Sinha

    494 shares
    Share 198 Tweet 124
Precious Kashmir

Copyright © 2020 Precious Kashmir.

Navigate Site

  • Home
  • About Us
  • Contact Us
  • Advertise with Us
  • Terms of Service

Follow Us

No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper

Copyright © 2020 Precious Kashmir.