GST Impact: What's Cheaper, What's Not - Sourajit Saha

Saturday, 1 July 2017

GST Impact: What's Cheaper, What's Not

​A record breaking amount of 2.42 billion euro has been charged against Google by the European Union for search result manipulation. They clearly stated that "What Google has done is illegal." the main issue is shopping. They claimed, Google gives priority to their own rather than the perfect ones. As per this decision made by the European Union, Google has to change their algorithm and stay away from any bias. Google promotes Google shopping by placing the box at the top and shows rival comparison services much lower in results where customers don't see them. I still remember, I got informed about Google first by a magazine which covered the basic story of Google and their tagline was "Don't do evil", and now they are breaking their motto. It's unfortunate to see.

My blog's progress is not bad. Here is the third MOZ update after my blog creation and the current domain authority is 19, and current page authority is 29. moreover I got a click today which helps me to bank 1$. 1$ CPC is not bad, especially when I can't recognize where the click happened. It may be on my blogging experience pages; it may come from also from bitcoin news. I don't expect it from my personal posts. Anyway, it is always an encouragement when something happens at least after your hard work. Still, I will say, this is not any "money blog" type, it's just a personal blog where I share my view, and that's it. I don't expect too many people will read my blog, but it makes me happy when I find some visitors at the end of the day, their comments, their engagement, the number of page views, the amount of time they spend on my blog and much more. Those really encourage me a lot.

Goods and Service Tax (GST) is one of the trending topics in India now. You have to pay no tax for items like Jute, fresh meat, fish chicken, eggs, milk, buttermilk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom, Bones and horn cores, bone grist, bone meal, etc.; hoof meal, horn meal, Cereal grains hulled, Palmyra Jaggery, Salt - all types, Kajal, Children's' picture, drawing or colouring books, Human hair.
GST Impact: What's Cheaper, What's Not

You have to pay 5% tax for Items such as fish fillet, Apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, Sabu Dana, kerosene, coal, medicines, stent, lifeboats, Cashew nut, Cashew nut in shell, Raisin, Ice and snow, Bio gas, Insulin, Agarbatti, Kites, Postage or revenue stamps, stamp-post marks, first-day covers.

You have to pay 12% tax for Apparel above Rs 1000, frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, cell phones, Ketchup & Sauces, All diagnostic kits and reagents, Exercise books and notebooks, Spoons, forks, ladles, skimmers, cake-servers, fish knives, tongs, Spectacles, corrective, Playing cards, chess board, carom board and other board games like ludo.
GST List
18% tax will be on Most items are under this tax slab which includes footwear costing more than Rs 500, Trademarks, Goodwill, software, Bidi Patta, Biscuits (All categories), flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice cream, instant food mixes, mineral water, tissues, envelopes, tampons, notebooks, steel products, printed circuits, camera, speakers and monitors, Kajal pencil sticks, Headgear and parts thereof, Aluminium foil, weighing machinery], Printers [other than multifunction printers], Electrical Transformer, CCTV, Optical Fiber, Bamboo furniture, Swimming pools and padding pools, Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings.

28% tax will be on Bidis, chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with chocolate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, will attract 28 % tax - the highest under GST system.
Apple has to reduce 4-7.5% price of their products as a result of GST. Iphone 7Plus 256GB was 92000 rupees, and now it's only 85400 rupees. The price of popular cars, bikes and scooters have been reduced as a result of GST. Check the list so that you can get an idea about it. Our country's celebs show mixed reaction on GST. Salman Khan said, "Whatever the government has done, they must have done it with proper planning.".

Kamal Haasan said he would be "forced to quit cinema" if the GST rate for the entertainment industry is not slashed by at least half. Bonny Kapoor admitted that the 28 per cent tax slab would have an effect on the producers from Bollywood. Mukesh Bhatt is also against GST system. Bhatt stated that the government has to understand that Bollywood is a creative industry and not injurious to health, like tobacco, to be taxed under the same slab.

Anupam Kher: Chashme ka number jab badalta hai toh ek-do din lagta hai adjust karne mein. Bahut he saadhaaran/uttam vyakhya pradhaanmantri Narendra Modi. (When the number of your specs change, it takes a day or two to adjust. What a simple but apt sentence by Prime Minister Narendra Modi. GST tryst.


Riteish Deshmukh: GST .... a new road. One step at a time and we will get there.
Aditi Rao Hydari: For all the love I received from the Tamil audience… The taxes and GST will be the death of cinema. Tamil film industry. Stand united. Dear GST... welcome to our lives! please be kind and please be fair... and please be reliable!
Amitabh Bachchan:
Shah Rukh Khan:
And inally here is what our pm Narendra Modi said in Twitter:
Well, no more today. If you have any doubt or question, feel free to contact me here. Just do drop a comment below. If you really really like this post, then please do share it with your friends via social networks like Google Plus, Twitter, Facebook, LinkedIn, StumbleUpon etc. if you want to get all the latest updates of this blog, you can like my Facebook page, follow on Twitter or subscribe my blog feed. Take care. Have a nice day.

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Sourajit_Saha
Hi, I’m Sourajit Saha, An Online Marketer From Kolkata, India. I Have Been Blogging Since Last Quarter Of 2010. I Started Blogging As A Hobby, And Soon It Turned Into Passion And Later Profession. Click Here To Know More About Me!

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