Founder - Burn Inves... • 1d
India’s GST Rate Cut - What It Means for You From this September 22 the government is making some big changes in GST instead of too many tax slabs now there will mostly be two rates 5%, 18% and for luxury stuff a new 40% rate for common people this means things we use daily like soap, shampoo, toothpaste, hair oil and even some packed food will now be taxed at just 5% so they should get cheaper. Health and life insurance will not have GST at all which is a direct saving. Items like small cars TVs bikes and ACs will also move to 18% from 28% which should cut prices a bit but luxury cars tobacco and fizzy drinks will get costlier under the 40% rate the idea is that this step will bring down inflation by around 1% percent and also push up demand in the festive season though the government may lose about 48000 crore in revenue.
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Signitycs • 7m
In india Upto 18% GST Is Applicable - Education sector. Medical Industries - GST is Applicable. Luxury cars - Low ROI Tractors, - High ROI This Rules are Correct What is your opinion. its just an Question.. Because we stopped questionings..??
See MoreTech guy with a busi... • 21d
India is planning to change the GST system from four slabs to just two. The 12% slab will come down to 5%, the 28% slab will drop to 18%, and luxury or sin goods could be taxed at a new 40% rate. This is one of the biggest tax changes since GST start
See MorePursuing CMA. Talks... • 7m
The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
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