03/08/2016
*All about GST* By City Realtors Slg.
Constitution Amendment Bill for GST passed by Rajya Sabha...
Paves way for Implimentation for GST w.e.f. 01.04.2017
*GST IMPACT ON VARIOUS SECTOR.*
💶💰💶💰💶
1) *BANKS* - Current service tax 15% now after GST 18% 👉Negative.
2) *CONSUMER STAPLES* current tax rate 22% know after GST it's 18% .
👉Positive for - Asian paints,Dabur,HUL,EMAMI
👉NEGATIVE for ITC & UNITED BEVERIES.
3) *CONSUMER DISCRETIONARY* current 15% after GST 18%
NEGATIVE
4) *MEDIA* - current Tax 15% service tax and 7% entertainment Tax by State's know After GST it will be 18%
POSITIVE
5) *TELECOM* current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%
NEGATIVE
6) *AUTO INDUSTRIES* current Tax 27% after GST it will be 18% .
POSITIVE
✒
7) *METALS* - current TAX 18% after GST 18% no major impact
8) *CEMENT* - current Tax 27% altogether after GST it will be 18%
POSITIVE.
9) *PHARMA* - current Tax 15% after GST it will be 18% .
NEGATIVE
10) *REAL ESTATE* - 15% to 16% Stamp duty, Current duty approx 7%. NEGATIVE for real estates.
11) *TRANSPORTATION* - majorly benefits to logistics sector no impact of GST
POSITIVE......
