GST launched: These items to hurt your pockets

With GST rollout, the cost of whether it is cars, financial services, essential items or travel tickets, everything will change. 

GST launched: These items to hurt your pockets
Representational Image: Photo: Pixabay
By ZeeBiz WebTeam
Updated: Sat, Jul 01, 2017
01:03 pm
Mumbai, ZeeBiz WebDesk
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Goods and Service Tax (GST) has finally launched and will be the new face of India's tax structure. 

With GST rollout, the cost of whether it is cars, financial services, essential items or travel tickets, everything will change. 

Nearly 50% of goods fall under the 18% tax rate, 14% of goods fall under 5% tax rate, 17% under 12% tax rate and 19% under 28% tax rate. In case of services, the majority of services come within the 18% tax rate.

While the government is focussing on what will become "cheaper", here's a list that will be "expensive" from now:

Food items: Food items like Tea, Coffee and spices will be taxed at 5% as against 3-4% currently. 

Luxury goods, tobacco products, aerated drinks: GST will be taxed at 28%

Footwear: Post GST, footwear will attract 18% tax. 

Train tickets and Airline tickets: Where government kept GST rate of 5% for airlines economy class from previous 6%, it has increased GST rate to 12% for airlines business class from current 9% rates. 

AC and first-class train travel has been brought at 5% slab under GST from 4.5% current tax - slightly higher. 

Mobile Phones: All the mobile phone users will pay 3% extra service tax for their mobile phone usage. The GST Council has put telecom services under the 18% slab from current telecom service tax of 15%. 

Television and other household items: Items like television, refrigerator, AC and washing machine will attract 28% tax as against 23-28% currently. 

Entertainment: Movie tickets above Rs 100 will cost more with 28% post GST.

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