Is approximately 1.5% net impact. Please see attached. So the local circle poll is right in the sense that more people are seeing increased expenses after GST. more
How to increase the font size in local circles messages/contributions. I could not find settings in this site. Bigger fonts will be comfortable. can any one help? more
I have requested CBEC officials to join this circle. They from what I understand are looking to help SMEs and probably dont have access to this circle yet more
It is a good worksheet. I think the Input Tax Credit (ITC) applicable on the above products have not been claimed as yet and not passed on to customers. That would probably ensue may be sometime in August 2017 when the assessees submit their first GST Return. Ony thereafter, the tax credits may firm up and so the full benefit can be expected to be passed on to customers. Let us keep a track monthly as we have done in the above table. more
GST rate all over the world Australia ----10% Bahrain ----- -----5% Canada ---- -----15% China --------------17% Japan --- -------8% Korea --- ------10% Kuwait------ -----5% Malaysia --- ----6% Mauritius--- -----15% Mexico --- ----16% Myanmar ----------3% New Zealand--- ----15% Philippines-- ---12% Syrian( fed)-18% Singapore-------- 7% South Africa-14% Thailand ------ ---7% UAE -------------5% America(usa).7.5% Vietnam ------10% Zimbabwe ---- ----15% महान India ------ ----- >18% to 28 % Where in case of petrol is excluded from GST, why because there is 33% loot by the government, by implementing GST why will government reduce 5percent of its budget. (Congress government had set up maximum 18%tax on GST of which BJP took great advantage by making GST upto 28percent. - Open your eyes... Dont be fan of MODI.. One gas cylinder costs rs.680, from indian oil refund ofsubsidy to bank is Rs. 159, That is, 680 - 159= 521 Rupees Beforehand we were purchasing the same at Rs. 418. Which means a loss of Rs. 97. Now it is to know that the money I deposited with me got me back. Then where did the money of subsidy go, rather I have to pay more money than before. What is this math ...? The whole country is thinking that it is getting subsidy money, but it is our money that we are getting. Issue Number: -02 How the price of petrol is fixed in the country, its entire process is as follows: - Current price of crude = $ 50 per bracket (Where, $ 1 = 63 / - and 1 barrel = 159 liters) that is, $ 50 = Rs.3150 / - 1 liter crude oil buys India (3150/159) = 19 In 80 rupees Crude oil to make 1 liter gasoline - 0.96 liters @ 19.80 / - = 19.00 / - Now there is a fixed price for making one liters of petrol out of crude oil 6 rupees (including transportation). I.e., 19.00 rupees + fixed price, 6 rupees = 25.00 rupees one liter petrol. Now it seems the tax of the central government, 25% ie 6 rupees. I.e. 25 + 6 = 31 rupees And from then on, VAT of the state government tax, Which is to be counted as average 15% which is 5 rupees i.e. the sum total is 36 rupees. And finally, petrol pump dealers are given a liter of 90 paisa on commission, then it costs 37 rupees. But still we are getting petrol in 67rs / - per liter today. Please try to get this information from hard to reach every citizen of the country. Shaan or Chhalava .... There is one place in the whole of India where food is the cheapest item. as received on my whatsapp Tea = 1.00 soup = 5.50 lentils = 1.50 food = 2.00 chapati = 1.00 chicken = 24.50 dosa = 4.00 biryani = 8.00 fish = 13.00 All these things are for the poor only and all this is available in Indian Parliament Canteen . And the salary of those poor is 80, 000 rupees a month without even income tax. That is the reason why they think that the person who earns 30 or 32 rupees a day is not poor. Mee mobile lo enni contacts vunte annintiki dayachesi share cheyandi India mottam e msg tho marumogipovalii Let's do it Jai hind more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...
By Sunita Varghese
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