GST by sector

AUTOMOBILE: Robust demand to drive away any near-term dips in car sales

GST adds to the challenges the sector has faced, from demonetisation and then implementation of more stringent emission norms. The passenger car segment is expected to see an overall reduction in tax outgo, with bigger cars and sport utility vehicles (SUV) benefiting from lower tax rates.

CEMENT: A marginal tax relief

Contrary to expectations of cement firms, which were hoping for an 18% GST rate, the sector has been categorised in the 28% slab. Despite that, cement makers will see some relief in tax payout as the effective tax rate for packaged cement is anyway 29-31%.

CONSTRUCTION, REAL STATE: Input cost credit to offset higher rate

So far, the construction sector, including real estate, has had an effective tax outgo of between 11% and 18%. Under GST, the entire works contract is charged 18% tax. However, the sector is likely to gain from the input tax credit that is available under GST rules.

CONSUMER GOODS: Anti-profiteering measures to keep a lid on gains

Packaged consumer goods makers’ sales growth will be hit in the near term as trade channels have cut purchases in the run-up to GST. Overall impact is seen as neutral as rates have been cut on mass consumption items and hiked on higher-end products.

JEWELLERS: No dent to demand

The GST rate on gold jewellery has been fixed at 3%, lower than expectations of a 5% rate. The new rate is close to the current 2%. Hence, it should not affect consumer buying dramatically.

LUXURY HOTELS: High-end chains will pay more

From a pre-GST tax rate that varied between 18% and 25% based on state levies, GST classifies hotels into four buckets based on room tariffs. Those with room rates below Rs1,000 will be tax-exempt, although the rest will be taxed at 5%, 12%, 18% and 28%.

MULTIPLEXES: Input tax credit will bring benefits

Multiplexes are expected to benefit, primarily owing to input tax credit on fixed costs such as rent and common area maintenance. The GST rate has been fixed at 28% for tickets costing over Rs100.

TELECOM: Hit by higher tax burden

Telecom companies, already weighed down by high taxes and levies, now need to contend with an additional 3% tax with the shift to GST. A service tax of 15% applied to telecom services earlier.

VALUE FASHION: Gets a leg-up

The 5% GST rate on apparel priced below Rs1,000 is expected give a fillip to the value fashion business. Post GST, the entire value chain—raw material to the finished product—will come under the tax net. more  

[ ]( # ) [ ]( # )   [ ]( http://r.sigma-institute.website/mk/cl/f/-57A9l_eNoC4P_3Vvq5sqIfpGQ664j-PJEFaJ86ZTaZYMDV7tcjE00xl_x8JB5llyajh3tT5mFGdy9MciC0DxbXK_cS3q5msrFKfD6aE6Y5epu3SSGF1nsEgpjwGOccvj_Ipjd5wAcwe33YcnkvqV322YVLTSXL8inbFds3j0p_meV7ylZDJyOKU1peq_qKmeg5Za00EVnV9wiztKg5LC82NDLXDw0HbwMgSfzxQlaLEGgKwqDUgQyrMdLvbmxPCMWqnVHQ96FmK4C7W3H6en4D7_q9y0ch4FOBCVmwxrl50n2jLFIpKUoh7WU074nnH1hcNQDUP9kyd4i9cab-06qodxK1zwbP38UfCuYp-sdLIX_CbHg )   [ ]( # ) COMPUTER FOR ONLINE CLASSES [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/u4H4rbkaTJpNo4yhtR-m3cU_oX-fblpcjxQWPxV23svhxMyl-fufGwJMl7-4Udrf0074jx39PCjueiaQfTvmGdflfYQlShTooCIb2H9cKo0bnwxLPGIa_ZrWalqHFTTHAgVCxpho0VxG-_cEH92QitF3qcrwEBGwKNJdt4rS8NRTEhiuAfrrAOlFkLN58lcs5n9jRXKBk6NA5-x-UfyRoPZ6ICODl0rx2Jyg9XAIyn9gR9W5LiSe6JpjAQHiVy9r0QbPte-Dwh81UuSBqNB4CKwzg6ZwTdJ_rod5xTTxH94Cj7g2BpQLkB-WcXaVRwAsUPK8bBqJaTE79N-nVgnF9GRcVWIy1sT3OXMdzi3GfrvLMn41Uw ) [ ]( # )   For online classes we are providing a complete set of computer with UPS in following specifications: Monitor 15"; Camera & headphone CPU: 160 GB HDD, 2 GB RAM, Core 2 duo Keyboard, mouse UPS ( Electronic voltage stabilizer ) This complete set we offer pan India for Rs. 21000/- ( All inclusive ) One extra 160 GB Hard disk will be supplied free of cost within 5 years, if present becomes in sufficient. All carry "M.I.'s" 1 year warranty.       [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/rhq_KgLFPgZa6GQRMy-Xt6pjMK6I_RTZHVrgaKg7FT-HNq1W3yXygesEZBuP3CkKilFll_NAasq76ll71wfqHE-dRzsIxzUZ_VDCsDpacp7Svl5W5s0DHzIAarE7JqsOM6dd7cheAxNs3R6ZETw_vsrsSYzsD0Udr6ol3mSAvtfdfzal3c3W5l_q4fRasW3FjPfcNNJATSTJvuXweF5nmi3hLtq0yphi0BWy-wOz7PL3txZ5ptwwmDSx6EikfugSyla2cFh8PxvAsKSEoHVFMeqBevkm0AARFtlwdV2yllQrZE-I8IDpjt81T7cP78tw-Hp3AEbF0t0uaa-Ru1qEx_XOWuzV82vW-KYEgtWGus5FIvUpiw ) We understand the hardships...   Hardships of the parents, hardships of teachers, hardships of every such individual who is now compelled to work from home; be it student or the the professional now computer set is must. we decided to help all such people by providing the complete set including UPS to save your machine for longer life. In comparison to laptops desktop is robust & long  lasting and also cheap & best ! For getting this deal, please click the button below:   [ Button ]( http://r.sigma-institute.website/mk/cl/f/QXcKyJQC3a38Vy1q1OyK5MVtV3hMp2x_7jLUhy5Zqih99CNu6dd33uG1F4yAnola6nLsnWPeKLkVSMsG07OiWIFs_cHN2K5EeoRwIiIxWVrxvglpjQDHsaXsGnv7lAHsrCOYH-t05yBSsK1WtEdwa-IlUAl_TsgCnqJASfeq9i8F_4OipcB9EMR06BnOce1OHxEcM3rhEgDvbRFNxC-z7fcu8RAJKsQpH70a3hF7U2QRI9A-EpgobeKIytEi1oagoLqRu9iQ6d12-6RDWDydckt2lOPcU8YmvDDnowZRO-jkqqbLmgA3vxQMXhIhBeo6VcevGulEuNcPu_WZ85x5QHoQuwz9iBtbksMoxS4cx4yyu52EPQ ) [ ]( # ) [ ]( # )   SIGMA INSTITUTE Delhi Cell: 9899075161 [ ]( http://r.sigma-institute.website/mk/cl/f/XnnL8b9m1ZX1COF77CMd4i15tjO2db11EjxuixHNNAG5Jmwye7ENoxDI_OADs9MbKB57zrWaC1zB101vFNtM7ktq2uE3zkekefnuptBhRLnTLxRPT_hCaRuFD3Pq9zHkyHi_dWEXseimuhf73GQVe_dg908Ro6sYbnzqC1n3zwZkAJ6VuuetXiq1h5V3YZM-EPE2TSCrFYZCvvjHEoKPxUicRR6aw9RmOiriwCVl0sWHoZmD8CPEzftghEfTT9frlJAhrpRISjNVLOhgdJEDeXanUPSKoszVpFJPa6OHWXB08Jb39Xe8N4lW706nQOyl61HCB3XO-wJ2BgAVXQwzQp0MT8-qAg ) [ ]( http://r.sigma-institute.website/mk/cl/f/riAmYu71BJUb1vvHQuXwsUIh05ykN_4E_hOvjACGad8-CZLfdEsL123Gb5_p4FPFhJZKxF76srCVtZrqr4QcmR6nMhj4GaIrBrVSZrePpPWRu75sFIirOglU4QIZMdsnXP7sytW3KYd1n-8rhaXGDqtKcqU5OrNHqgEJM1DkF5tTmhXn7pP0IU4-ZkyF3u2pA6kLDjPYvnFQSa8cpXM2Vwye1gQUEE-B37VbJZtWjhfVc1yiPKNWn79YvR_y8-B6fD_uYpCsSQ7AV9Ty-kbYXoLroWcvV8nPQL-7eSObgH0vlxo3TDAxtn58cWe6xBoBifAb74FBEaYich54I80b2oqKZA ) [ ]( http://r.sigma-institute.website/mk/cl/f/b-aUahFN9p5xMc3c2y9x1YM-sKTTpRhTDChcfWQo_AIW4OjJIBdkazDFC0eRqN4CwuhAzA8Zvva2qKuVbnqO0X44DE8x5pXL-J6kpYUGt8XG6iF6NdxvJaYAlUOZ9o0PGbSrx8tkhrYcCbOCYs2qkn5pLMjSTtnzTarHv4OCRVzFXyjhPyvAmHadMH0BlZSJzCAluIq2Mw_KSukO27dESxVeYwXKNQ9CK6JD9vkSygnHxIOv2Xygr6PUYpo61hMfwqeJ2G8gRe2S7T0ullLD8IQljeofhiw_mMfHFnapc6ocMpaU-vjsFtdR0XjdCu6tWe8lDWxeIi4NVxDJeuQXSCw ) [ ]( http://r.sigma-institute.website/mk/cl/f/hYoYpsyghSChqVjqrHULR8G8AY3vVhmZvSQLl8PlrvJNq-Ois6L6ooALS1DwvW1ou-fNqX4OapErEYHAtJlgL3PdwQjE5F23-c5hXqO4LD1wohi6s4Ja-TTNrTTpKY3I7qH811ne0eslk5p8gnp13I3jznLu0na-EvckvfWjKPMbYOxGBzfx_NQk3p7XHIVklAxzTGdCrWZoglldoEKLyxPUkm0pahco91oN8zh0Get-VFKk31Hi4v_NnKC6YnknhZ8X3EO_7dRbINyKc2RjjWzgm_K1VD1WP4-_EtFk2A8Q-Ucw-TUfc7_ih0mBGnvywXjyeskuqPDboIjw1p-aOYwp2JwV0m8Zwi3c81E ) [ ]( http://r.sigma-institute.website/mk/cl/f/YpjavyIyhj_84h-kaANVmJmZ1F5oBDKo_4N2khRXEVikJUpon8773mZxJCKlLq20DdCvO58zEy_Hk9NRlg3SJHNUsadjSz9DZHhTw5o3tcvC71tvXxjuDUs1EDruPzopWaesINGGS9MB-qOzqk8dqytoFsfS5cSaQoe34RsMNm3FDExvb_BQxr27zq69RQlkDIhIbgXu9kLhoXfP2X9-PMsigJGgzrQ7m54J2j_OhWUqqxR0QsckKmrUJNGzc_6wyMLiz2bohFgM8UV9Bdc2DnA50p_oJRKLtre0jQs3XaItBdM-pGtRrirL-HnQxBPp_BpdbcV7AklijBOqVblRrkfWgXwruQ ) [ ]( http://r.sigma-institute.website/mk/cl/f/Pri5eoRHxWKKFGbI8DEUQ22tl1lgoR3w4AtRxZHuW9JWxCM_4QQRkGF4jz7vewkOHlZRCApbmrBROIeOjcYtYJF0gl6kxXdO3IQrpQNK-jdga8y25Cbh_kERlQRLxeOTOpquzBbqeCx2USv8JLX4uUT_HWFGI2C3VwMCji6AF35hehUSOn1FRZQvGDH4PO8dFeJOMnxS9g67phdUypC1hCv-mKYL9xCT7pqVJv254TQJQiq_dLF-tk5PCJAgVB334TxZOZOcM9BSb7V8RdZo9uya1_eDNiQ3BRfoUuOxcRq1V62-LF5ta3k1OgSrIm1u3H7VRrQ8LDWk-Mg1R3PIqZOeNZGb9-qqE2NcOsYlQXWFmP2zpZOpWiMSALaY9LfWkctQxEtPL1VfcEtyeeA ) [ ]( http://r.sigma-institute.website/mk/cl/f/DwWFkfaVzdqeas-CiQ-eyv58nwKvlmWpor68dR1Bsng7nu0E0ouScz5QDkyEuDV-rPYkl-03jmDpMbETsQh7Bx7JUneacdRY-WiA-T7L4YdXzkZ4TC_RPk5c1niqr037lO2TZy6ViXhsAjDW37o0SXp4-GHrd9hhPBtnq0Uq760gU97PPTgnFMWTNZ2Rie57qkRzjLhW0SExxo0bm7tVjUR9jr5UhKbHbK2WtC6umS0c7xpPyi1Rl7lttRQrDn7843DLDVLYOAq0H6uphiYTKY97NF9c-0NV93cugRE59VGwh0OJxPkvsSVsAuwhifSE11fork2KE-VNu0C1bd1YsuCRDBEQbEULLlGFNxnZ ) [ ]( http://r.sigma-institute.website/mk/cl/f/TO8j4CFTzgmRPH8sRs8qW5OMOlh98-Fh7wkgjHLyZbzYuCEsmWH3YQSE4wfjJrq4kckSfjWpI_LjnqcSDPkCSn69PpfixETnCM5cY_UDbleZW7-ckrpD-Pn3eQAliiWRJzX4lb5fsLUh-D-moxc-ihBkxxTNcqHFtOvSdliW3Ta9Nwiiuc-3hwjhRfvas-L6SJV4DeVaowdmK_VWufzD1J6dyEr7tBYB3HClIFkT5VL1nCB6DkBuBMOfY01ECIrq9gfZQSe7aGAsVtjUYm1pd3zlpA3OES0HCXWbKty206aZwnyyVd76C7TVzQXiN7S1MxTxG7S94DYYS4rIu-S8gTRYxTLWFFFdul3M )   [ ]( # )   You received this email because you are registered with Sigma Institute   [ Unsubscribe here ]( http://r.sigma-institute.website/mk/un/cWW_GO2WnuBu2tYC0syHrFwHQ_uDsDA5JrEODpPjwjPeKfeLlGztTz0cf74w51HL7lDsUocGUphLg_HGz44YN5lvzzCIo7CDoMZ3fhgd6jXEWd_-9SR6fenbOgMjJ00Sbj73eo3Lda4GwBpBw29Q43YmbnvwtesDzG3VYsH27ur11_8R-nbX3GG6O-5I-cB1bXh4tTb6swl0dwBLFUP3BPfLyJc )   [ ]( # )   © 2020 Sigma Institute   more  
Also for luxury cars there is surcharge of 15% over the GST of 28% and hence cars may get costly too, but surely rich may pay more more  
Hike of TAXES ON AUTOMOBILE FOR PRIVATE CAR IS APPRECIATED AS THEY HAVE CAPACITY TO PAY. In Insurance GST WILL BE @18 % INSTEAD OF 15 %.IT IS HOPED THAT GST WILL BE HAPPENED BETTER. MAXIMUM TAXES MAY BE POSSIBLE TO COLLECT. more  
Post a Comment

Related Posts

    • Corruption in GST

      Time limit for making Refund Application A person claiming refund is required to file an application on the GST Portal in Form GST RFD-01 before the expiry of two years from the “releva...

      By Rajeev Bhargava
      /
    • Illogical

      Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...

      By Amit Mishra
      /
    • GST popcorn indicative of bigger issue

      The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...

      By Ruchika L Maheshwari
      /
    • GST rules are stupid

      GST rules are most stupid. See how GST varies for chocolate cake based on where you order it from. This government has made a mess out of GST.

      By Ruchika L Maheshwari
      /
    • Get this guys

      Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...

      By Sudesh Rai
      /
    • Corruption in GST

      GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .

      By Rajeev Bhargava
      /
    • Taxation is hell

      Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...

      By Naina Mittal
      /
    • Corruption in gst

      According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...

      By Naina Mittal
      /
    • Is there a GST bribe rate card now

      You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...

      By Naina Mittal
      /
    • GST cancellation

      Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...

      By Naina Mittal
      /
    • By Sudesh Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)