Debunking Myths around GST
1. MYTH
GST charged on cash withdrawal from banks
FACT
This statement is false.
▸ No GST is levied when withdrawing cash from banks
▸ In addition, there is no tax on customer cheques
2. MYTH
GST imposed on all ICU rooms & emergency services in hospitals
FACT
This statement is false.
▸ Only 5% tax is imposed on hospital rooms that have a rent of 5,000+
3. MYTH
GST imposed on loose food items
FACT
This statement is false
▸ No GST imposed on loose food items
▸ This is to ensure the poor are not burdened
4. MYTH
GST imposed on all existing crematoria, mortuaries or funeral services
FACT
This statement is not true
▸ Tax is levied on construction of new crematorium but not on existing crematoria, funeral services.
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