Articles: Complete Guide for GST

  • GST Impact Rates Are Worrying Fan Manufacturers- Know Why

  • Indian fan industry has expressed its deep concern over the high Goods and Service Tax. This 6000-crore industry has been categorized in the highest slab bracket of GST, i.e. 28%. It has urged the government to reconsider the rates and revise it to 12% for the welfare of this sector.

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  • What Will Be The Impact Of GST On The Entertainment Industry?

  • There is somewhat a mixed reaction from the entertainment industry on GST. The rate of 18% is welcomed by the industry which is currently 28% on the movie tickets. But, this benefit is limited to the tickets priced below Rs. 100 and undisputedly, single screen theatres will be on the gaining side. Single screen owners are delighted with such energy boosting step for their business. They are looking for revival through this milestone change in the tax structure.

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  • How GST Instigated Nationwide strikes by the Dry Fruit Merchants?

  • Delhi, Mumbai, Ahmedabad, and Jaipur are the leading dry fruit markets of India. Dry fruit merchants of these major cities have called a strike to protest against the imminent tax rate hike. Under GST, dry fruits are kept in the 12% category which is not acceptable to these merchants.

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  • How GST May Affect Medicine Supplies?

  • The most awaited reform in indirect tax – GST will finally roll out on 1st July. There are many positive and negative effects on several industries and sectors. But, GST has an entirely different impact on medicines. Due to this change, there is a possibility of medicine shortage in the coming days as pharmacists across the country may resist stocking them.

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  • GST Impact on Your Auto Loans

  • Easy availability of auto loans has pushed the growth of auto sales in India. It is definitely a major factor leading to exceptionally high sales figure over the past few years. But, introduction of GST will change the entire scenario of auto financing as well.

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