New GST implemented from today
India Of Tax System In Today From Big shift Applicable yes Went Is, All over the country In New Goods And Services Tax i.e GST 2.0 Now Applicable yes Repayed Is, Government Done Tax Of Full Structure To Easy So that the common people get relief and Things Can be cheap This change GST The council approved in early September. This will directly affect the market. From today, when you buy goods, many things will get cheaper already, while the prices of some will increase.
Now only two tax rates
The first GST had many types of tax slabs 5%, 12%, 18%and 28%. This was not only confused to the traders but also the common people did not understand what is taxing how much tax. Now the government has made it simple and straightforward. Now only two tax slabs will be 5% and 18%. However, the government has kept more tax on some things, which is called ‘Sin Tax’. These are the things that are considered harmful for health – such as tobacco, alcohol and paan masala. There will be 40% tax on these. At the same time, the GST rate has been reduced to zero on some things.
| stuff | Old GST | New GST |
| Paneer and Chhena (pre-packed and label) | 5% | 0% |
| UHT (Ultra-high temperature) milk | 5% | 0% |
| Pizza bread | 5% | 0% |
| Khakhara | 5% | 0% |
| Chapati or bread | 5% | 0% |
| Paratha, Kulcha and other traditional breads | 5% | 0% |
| Personal health and life insurance | 18% | 0% |
| Some life saving medicines (33 medicines) | Different | 0% |
| Medical grade oxygen | 12% | 0% |
| Sharpener, Crayon and Pastel | 12% | 0% |
| Copy, notebook, pencil, eraser | 12% | 0% |
| Glass bangles (without gold/silver) | 12% | 0% |
| Pencils, crayons, pastels, chalk | 12% | 0% |
| Educational Services (Private Tuition, Coaching Center up to Class 12) | 18% | 0% |
| Vocational training institute and skill development courses | 18% | 0% |
| Charitable Hospital Services and Trust (Health, Education) | 12% | 0% |
Food and drink now cheaper
Many things used in everyday have become cheap from today. Earlier they were taxed at 12%, but now they have been kept in 5% slab. This means that now things like soap, shampoo, toothpaste, biscuits, salty, juice and ghee will be available at a lower price than before. Now services like salons, spas, gym and yoga will be replaced by only 5% GST instead of 18%.
Relief on fridge, AC, TV
Now expensive home appliances like air conditioners, fridge, dishwashers and big television have become cheap. Earlier, 28% tax was levied on them, now it has been reduced to 18%. This will reduce their prices by about 7 to 8 percent. There is also good news for homemock. Now cement will also be less taxed, so that building a house will become cheaper than before.
Two-wheeler and small cars are also cheaper
The automobile sector has also got relief from this new GST. Small cars, whose engine is less than 1200 cc, will now be cheaper as the tax on them has been reduced from 28% to 18%. Bikes and scooters less than 350cc have also come in 18% tax rate, which will reduce their prices.
To get insurance will now be cheaper
Relief has also been given on insurance premiums. Earlier, 18% tax was levied on insurance services, which made people expensive to take health and life insurance. Now the government has cut it. Some insurance schemes have been brought to a low tax rate and some have been completely taxed. With this, middle class families will get cheap insurance policy and more people will be able to take advantage of health and life insurance.
Tobacco, bidi, paan masala will be expensive
Tobacco, Bidi And Paan Spices But 40% Tax Will be, petrol And Diesel of talk Do So At present In Too Any shift No Happened Is, because it is still GST Under No Come Therefore, there is no expectation of relief in fuel prices. There itself, Luxury Trains and SUV But now the tax has been increased to 40%. Also, 350cc More than Bikes But tax will also increase, due to which their prices Grow Is certain Other than this The prices of cold beverages like soft drinks and flavored water will also increase.