On the opposition's claims of burdening people by imposing GST on cheque books, she said the levy is in relation to purchase of cheque books by bans from printers, not for the public.
Car makers have to abide by the tax structure the Indian government has set. And being a welfare government, it has set the lowest GST and excise slab for small cars or cars with less engine capacity and a higher GST and excise slab for the speed enthusiasts opting for a more powerful engine.
Some services such as work contracts for roads, bridges, railways, metro, effluent treatment plants and crematoriums too will see tax going up to 18% from the current 12%.
Hotel accommodation up to Rs 1,000 per day will now be taxed at 12 per cent.
In addition, hotel rooms with tariff of up to Rs 1,000/day, maps and charts, including atlases, will attract a 12 per cent Goods and Services Tax (GST), while 18 per cent GST will be levied on tetra packs and fees charged by banks for the issue of cheques (loose or in book form).
Delhi Grain Merchant Association President Naresh Kumar Gupta said that this is for the first time when non-branded food items are being brought under the GST and claimed that the decision was not in favour of the general public and traders.
While addressing a press conference, Commissioner of Commercial Taxes and GST, Sushil Kumar Lohani informed about the crime.
Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council here, Sitharaman said casinos, horse-racing, and online gaming are all gambling.
The payment was made to assist the states in managing their resources and ensuring that their programmes, especially the expenditure on capital, is carried out successfully during the financial year, it said.
India is the second-largest footwear manufacturer in the world with 9 per cent of the annual global production, CAIT claimed.
The minister said the GST rate for health insurance is 18 percent, which is as per international standards, and similar to what it was during pre-GST days in the country.
EY India Tax Partner Bipin Sapra said "this change will have an immediate impact on working capital of tax payers who are currently availing credit of 105 per cent of matched credit. The change will also mandate industry to validate that the procurements are made from genuine and compliant vendors."
The OGST collection during the month was Rs 1,157.69 crore against a collection of Rs 681.96 crore during November 2020.
In October 2021, the revenues were Rs 1,30,127 crore, while in April 2021, it was the highest at over Rs 1.41 lakh crore.
India has four primary GST rates of 5 per cent, 12 per cent, 18 per cent, and 28 per cent.
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