GST - costlier/cheapter
what will become cheaper:
Auto: Prices of entry-level cars, two-wheelers, SUVs may fall
Car batteries likely to get cheaper
Paint, cement prices likely to fall
Electronics items like fans, lighting, water heaters, air coolers, etc. will get cheaper
what will become costlier:
Cigarette prices likely to go up as GST rate for tobacco will be higher than current duties
Mobile phone calls may get costlier as service tax will go up
Textile and branded jewellery may become costlier more
Auto: Prices of entry-level cars, two-wheelers, SUVs may fall
Car batteries likely to get cheaper
Paint, cement prices likely to fall
Electronics items like fans, lighting, water heaters, air coolers, etc. will get cheaper
what will become costlier:
Cigarette prices likely to go up as GST rate for tobacco will be higher than current duties
Mobile phone calls may get costlier as service tax will go up
Textile and branded jewellery may become costlier more
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GST WILL SAVE US FROM THE TAX MAKAR JAL. SO FAR THERE WAS TAX ON TAX ON TAX. TAX WAS PAID ON RAW MATERIAL(WHEAT), ON ITS SALE, ON IT BEING CONVERTED IN TO A PRODUCT (LIKE ATTA), ON ITS SALE, AGAIN TAX ON IT BEING CONVERTED INTO A PRODUCT (LIKE BREAD) AGAIN ON ITS SALE. THE CHAIN WAS STILL LONGER ON THE IMPORTED ITEMS LIKE CRUDE OIL. THE TAXES WERE DIFFERENT IN DIFFERENT STATE, LEADING TO ILLEGAL PRACTICES AND SMUGGLING OF ITEMS ACROSS BORDERS. GST WILL MAKE TAX PAYING AND COLLECTING EASY. THANKS TO THE GREAT PRIME MINISTER ATAL BHARI VAJPAI JI WHO THOUGHT OF IT 16 YEARS AGO. BUT GOVTS AFTER HIM TOOK SO SO LONG TO ACT ON THE WISDOM. STILL CONGRESS WAS PUTTING SPIKES IN ITS IMPLEMENTATION. MODI GOVT HAS DONE A GOOD JOB IN STEERING WELL AND GETTING THE BILL PASSED. NOW NO TIME SHOULD BE LOST IN GETTING IT IMPLEMENTED. LET ALL PEOPLE FRIENDLY STATE GOVTS. PASS THE LEGISLATEIVE IN THEIR RESPECTIVE STATES AND PAVE A WAY OF EARLIER IMPLEMENTATION OF GST ALL OVER INDIA. more
Aug 05
