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Discussion in 'National Issues' started by Sushubh, Dec 8, 2015.
Looks like it's happening!
Read in newspaper 2-3 days back that GST may increase Service tax up to 17-18%
Ab ki baar... Aapkee baar baar lenge sarkar.
VAT will go away, net it should be beneficial to the people
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.
We would soon find out that GST is going to be an abhishap like DTH on the consumers
That 1% that they decreased to get congress support will also be added next year!
(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)
So service tax on telecom bills etc would now be 18% instead of 15%?
Yes. Household items will be costly too.
Clothes wud be costly too.
Good bless India!