Back
Rohan Saha
Founder - Burn Inves...ย โขย 4m
Will the GST Rate Cut Really Help People? The government recently announced a cut in GST rates and many are wondering if this will actually make life easier on paper lower taxes should mean lower prices but in reality itโs not always that simple. For shoppers it depends on whether shops and companies pass the benefit down sometimes the reduction does not show up at all because businesses keep the margin for themselves if they do pass it on we might see a small drop in the cost of food, services or daily goods it wonโt change everything but even a little saving matters when expenses are high. For businesses especially small ones a lower GST can help push demand if things become cheaper people tend to buy more and that means better sales but letโs be honest there are other issues too raw material prices, global trends, and compliance costs donโt vanish just because GST went down a bit. The government on the other hand collects a huge chunk of revenue through GST by cutting rates they are taking a risk hoping that higher demand will balance the dip in collections if people donโt spend as expected the gap could affect other spending plans. So will it help? Maybe a little It gives some relief, creates positive sentiment and signals that the government is listening but it is not a big fix the real impact will depend on how much of this cut reaches consumers and how people respond in the coming months.
Replies (1)
More like this
Recommendations from Medial
Rohan Saha
Founder - Burn Inves...ย โขย 4m
Indiaโs 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
See More
Mehul Fanawala
ย โขย
The Clueless Companyย โขย 4m
From 22nd September, the first day of Navratri, the new GST rates will be implemented. The government is calling it NextGen GST. Now, the middle class is looking at this change with a lot of hope. The expectation is simple, if GST rates are reduced,
See More
Rohan Saha
Founder - Burn Inves...ย โขย 7m
Everyone was expecting the rate cut to stop at 5.75%, but the RBI went a step further and brought it down to 5.5% People on floating interest rates are definitely celebrating now. Plus, the extra push on liquidity this time is a really positive move.
Rabbul Hussain
Pursuing CMA. Talks...ย โขย 11m
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? Itโs the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
See More
Download the medial app to read full posts, comements and news.