'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
I have no idea about the tax percentage on these items as per the earlier system of taxation. If it is more than what it is in GST, we can understand to some extent But if it is increased with GST it should be made zero ommediately
The problem is it will take time to establish the GST regime and shopkeepers has to pass on the benefit if any to the customer. That is the very important part.
There is a big rumoir or myth in the public about GST that all items will be costing more in this new regime. It is absolutely a bogus message going in the media.
When GST is introduced all other taxes are abolished so what customer is liable to pay is only the difference which in case of exempted items comes on negative side so customer should get the advantage. This has to come honestly from the retailers.
Today I have gone to a deptt store which has a computerised system on the payment counter and I found that the prices are same as last month and they have shown GST including in those prices which is very fair but may be prices are still lower, I have no means to find that.
I have paid Rs 1280 for various household items and out of that GST is merely Rs 80 which they will be depositing in Govt account. Now this comes to about 6-7% only.
So where is the rumoured figure of 18% on everything and this practical 6-7% ?
If retailers and shopkeepers are honest some items should be cheaper.
Anyway I hope that the items mentioned by author will be under exemption or low percentage very soon.
Knowledge is power.
No life without Sun