The year 2022 is all geared up to bring a lot of tax rate changes on consumer goods and procedural changes on the payment of Goods and Service Tax (GST).
Here is a list of all the items that are set to get costlier:
- Finished goods like apparel, footwear, and textiles are set to get costlier with the increase in GST from 5% to 12%.
- Auto rickshaw rides book through apps like Ola and Uber will levy a 5% GST from January 1. However, auto rides taken from the streets will remain GST-free.
- Food delivery apps will have to collect and deposit 5% GST with the government in place of restaurants. (Instead of restaurants, the tax will be payable by Zomato and Swiggy that will also prevent revenue leakage, said the government.)
