You must Sign In to post a response.
  • Category: Miscellaneous

    Important: Major cut in GST in respect of one hundred seventy-eight items

    Today the Finance Minister Arun Jaitley has made a major announcement in respect of GST rates on 178 items after the meeting of the GST Council. He has stated that 178 items will move to 18 percent bracket with effect from 15th November, 2017. Dining out will become cheaper in all restaurants of the country, except those in starred hotels. Dining will be charged @ 5 percent instead of current 18 percent. Daily use items like shampoo, deodorant, toothpaste, shaving-cream, after-shave lotion, shoe-polish, chocolate, chewing-gum and nutritious drinks will also be charged at lower rates w.e.f. 15th November.

    Three items will move from the 18 percent slab to 12 percent, six items from 18 per cent to 5 percent, eight items from 12 to 5 and six items from 5 percent to nil. From 15th November, 2017, only fifty items will remain in the highest tax slab of 28 percent,

    Prime Minister Narendra Modi has welcomed the decision of the GST Council. People will be more happy now.
  • #615049
    This is better. Because this will keep in check the chaos that was caused before due to inflation.
    Now our daily used items have lower gst rates and except few vegetables, all are in range.
    Let's see how many days this will go on.

    The stronger a light shines the darker are the shadows around it.

  • #615050
    Good that government is understanding the problem of the trade and burden of the common man. People have been supporting Modi government for nominal increase of prices and even we are allowing the petrol price to be decided on daily basis without uproar or protest. After GST has been imposed many products has become costly and for the middle class the salary was the same and thus there is no chance for any saving or what so ever. Even people stopped going to bank to deposit extra amount and thus the government was forced to reverse its decision and bring down the tax rate much to the relief of common man. Thanks Modiji.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #615071
    Happy that wisdom has dawned on the GST Council. One more important item to come under GST is petroleum products. This also will happen sometime next year before General Elections.
    " Be Good and Do Good "

  • #615074
    It is a welcome decision. The common man will get benefitted by this. Everybody is appreciating the decision of the government. It is a relief to common man. Now people expect the government to bring down the tax on petroleum products. Probably it may not be considered. It will be better if the consumption of petroleum comes down. It will help the environment also. Now many of the essential items are in less tax bracket. It will be good for a common man in all respects. Inflation will be under control also.
    always confident

  • #615076
    With this step which is extremely beneficial for common man and small businessman, power in another two states has been automatically ensured by the ruling party in centre.
    Beware! I question everything and everybody.

  • #615079
    # 615076

    "With this step which is extremely beneficial for common man and small businessman, power in another two states has been automatically ensured by the ruling party in the centre."
    This clearly indicates that these are the sops for the elections in Gujarat.

    " Be Good and Do Good "

  • #615083
    We must appreciate the stand of the Government. At least, the Government is receptive to the complaints made by different sections of the societies. In fact, such decision was essential to keep the customers happy and by keeping them in right mood, commodities - consumption will improve resulting in higher realisation of GST. Such decision will definitely help in easing the inflation we are witnessing at this moment.

  • #615084
    Some people may term the cut as sops for the election; some may consider incidental benefits. Even without the cut, some politicians would find it (victory in Gujarat) next to impossible.

    I take it as a conscious effort to reach 150 out of 182.

    Beware! I question everything and everybody.

  • #615098
    Once incidental, twice coincidental but if it happens again and again, it is intentional. This is a fact one must recognise. Conscious or unconscious, sops are sops only.
    " Be Good and Do Good "

  • #615112
    A very good student always ensures first-division marks, and then goes on to fulfill his/her target in each paper. Now the good student is trying to fulfill its announced target, i.e., 150 out of 182.

    But let us leave the good student now. Let us discuss about the rate cut. The rate cut on which items would benefit the Members? I want to discuss this particular issue in this thread-not about the very good student.

    Beware! I question everything and everybody.

  • #615121
    Nice to hear about modifications in GST. It was implemented, many traders and small business faced issues and now the GST council have reduced the GST on restaurant foods from 18% to 5%. It's a great move and hope the restaurants pass rebate or modification quickly to the consumers as soon as it is applicable. GST on many household commodities have also reduced which is also good. At least the government is listening to the reviews and problems of the public and then making necessary changes.

  • #615127
    There is a compulsion on the part of government to revert back the GST rates on many items as the NDA would be going for elections to many states in future and also general election. Congress is already spreading false propaganda against the government and thus the reduction in GST rates would bring back lost glory to the BJP and thus there are every chance to win for second time. By the way the Modi government is ready with second set of corrupt charges against the UPA government and Ministers and that would be released prior to general elections to scuttle any chance of Congress coming to power.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #615134
    The Congress party proved to be correct regarding GST. They wanted a cap of 18% on GST. The Government did not listen to the sane words of Congress. Now they have come down to what Congress proposed. The Government should have gone for lesser rates of GST on toothpaste, toothbrush and other essential items in the beginning itself. It took them more than four months to realise it that too after public resentment. The people of India are happy that some benefit has been given. No one thinks about why it was not done in the first place.
    " Be Good and Do Good "

  • #615136
    I don't understand why members are fighting for BJP or Congress. If a new tax is implemented, changes will automatically happen over a period of time before it gets stabilised. Opposition parties will always make an issue out of nothing, be it BJP or Congress. If initial tax rates are at 18 percent, opposition will always ask for 12% or 5%. So, there is nothing new in it.

  • #615154
    Mr. Bhuvan: A simple thread expressing happiness over cut of GST on 178 items has been made a battleground of party politics. Why I simply don't understand.

    As far as I know, there are still 50 items which attract GST @ 28%. So, the statement "Now they have come down to what Congress proposed.'' is not correct.

    Beware! I question everything and everybody.

  • #615172
    Good news but the purpose of GST is not done by many traders or manufacturers to cut down the prices. Instead they are just charging GST over and above their price from customers.

  • #615180
    Mr. Pattabiraman: The cut in GST will be applicable from 15th November, 2017. Let us wait for four more days.
    Beware! I question everything and everybody.

  • #615186
    GST is one very practical example in front of us how a well intended scheme becomes haphazardly implemented and the govt loses the deserving credit, but gives a feeling that it does not know how to do serious things.

    GST could have been implemented with more home work rather than in such a hurry and haste. I feel there was some 'external' pressure and deadline for the government. It was a wrong timing that GST was hastily (and to some extent arbitrarily with a adamant attitude) implemented very soon on the peole not relieved from the demonetisation trauma.

    When it was advertised GST was supposed to be a uniform 'one-rate' tax regime. However when implemented, it became more complicated that the earlier system. The tax rate for many items of daily consumption were kept in the high brackets. That was the first error the government committed.

    The present reduction will be taken only as the government's fire fighting measure to save Gujarat. Otherwise why they did not even care to review all these times when people were suffering due to high prices especially in hotel food? I am sure the gap till now has helped a lot of unscrupulous traders and hoteliers to earn sizeable undeserving illegal profit.
    The irony is that there is no supervising or redress mechanism for public's complaint or even when errant traders are caught. GST has earned the central government an undeservedly minus mark.

  • #615227
    Venkiteswaran sir, GST is one of the examples wherein an inherently good project falls into disrepute due to the wrong time and wrong environment. It was a good plan in the drawing room but the council didn't pay attention to or underestimated its impact on the food sector and the textile traders. It was hurried through and there have been concerns from the public that has added fuel to the displeasure of demonetization as portrayed by the opposition parties. I'm sure the BJP would have learned a good lesson how not to waste a good plan or project.

  • Sign In to post your comments