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Goods & Services Tax (GST)

Discussion in 'Goods and Services Tax' started by Sushubh, Dec 8, 2015.

  1. Sushubh

    Sushubh Administrator
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    Source


    Looks like it's happening!
     
  2. SVK

    SVK svknet.wordpress.com
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    Read in newspaper 2-3 days back that GST may increase Service tax up to 17-18% :eek:
     
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  3. Sushubh

    Sushubh Administrator
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    Ab ki baar... Aapkee baar baar lenge sarkar.
     
  4. Pankaj Singhal

    Pankaj Singhal Active Member
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    VAT will go away, net it should be beneficial to the people
     
  5. amish

    amish Star gazer
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    And bill is passed in Rajya Sabha!

    Tax on necessary items (eg. textile) will increase from 5% to 18%

    Tax on not-so-necessary (eg. cars) will decrease from 30% to 18%

    Overall tax would increase on end-user.
     
  6. Sushubh

    Sushubh Administrator
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    We would soon find out that GST is going to be an abhishap like DTH on the consumers :D
     
  7. amish

    amish Star gazer
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    That 1% that they decreased to get congress support will also be added next year! :D

    (Because that time it wont require 3/4th majority just cabinet approval wud be enough)

    PS: Sensex would JUMP tomorrow like 400-500 points! (crazy people)
     
  8. Sushubh

    Sushubh Administrator
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    So service tax on telecom bills etc would now be 18% instead of 15%?
     
  9. amish

    amish Star gazer
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    Yes. Household items will be costly too.

    Clothes wud be costly too.
     
  10. s.ricky

    s.ricky regulars
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    Good bless India!