New Delhi: Criticizing the increase in the GST on scientific equipment, former finance minister P. Chidambaram said on Sunday that the government is convinced that all the scientific knowledge we need can be gathered by looking at the sky and reimagining our past. .
“The GST on scientific equipment needed by research institutes and universities has increased from 5% to 12-18%. This nasty act comes after cutting the Science Ministry’s budget allocation by 3.9% from last year,” he tweeted.
The opposition has denounced the government for raising GST rates on household goods.
Tax rates have been increased from 12% to 18% on products such as printing, writing or drawing ink, knives with sharp blades, spoons, forks, paper cutters, pencil sharpeners and LED lights.
A 5% GST will also be charged on hospital rooms above Rs 5,000 per day, although intensive care beds have been exempted.
Responding to the developments, Congress has said these rate revisions are unwelcome at a time when inflation is straining the pockets of the common man.
The GST Council, at a two-day meeting in June, had accepted recommendations to streamline rates made by sub-groups, resulting in tax changes effective July 18.