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Lightbulb Here’s how GST will affect your dating game

Here’s how GST will affect your dating game

As India prepares for its midnight tryst with GST (Goods and Services Tax)+ on Friday, your dating game may see a change come July, with pretty much everything you indulge in during your romantic rendezvous coming under the new tax regime.

Here's a list of how your dating game is set to be affected from July 1, when the Narendra Modi government rolls out India's most ambitious tax reform since its independence in 1947.

Dinner date


Eating out is perhaps the most common thing couples indulge in on dates. If you like your dinner dates fancy and at 5-star hotels, there's good news. The GST on restaurants in five-star and luxury hotels has been reduced to 18 per cent from 28 per cent, bringing it at par with standalone air-conditioned (AC) restaurants. Even at some air-conditioned restaurants, the bills may come down, as GST will subsume service tax and value-added tax (VAT) that is currently charged. VAT ranges from 12.5 per cent to 14.5 per cent depending on which state you're in, and service tax is charged at 5.6 per cent on AC restaurants. On top of this there Krishi Kalyan cess and Swachh Bharat cess both 0.2 per cent. In case you and your partner are a no-frills kind of couple, non-AC restaurants will attract a 12 per cent GST, which is likely to translate into higher bills.

Movie date


If your partner and you are looking for some old world charm at one of those basic single-screen theatres there is cheer because the government has reduced GST on movie tickets below Rs 100 to 18 per cent from the previously fixed rate of 28 per cent. However for tickets above Rs 100, which is what most of us pay at multiplexes, the GST rate is 28 per cent. If you are in Noida, then you'd end up paying lesser than before because Uttar Pradesh's (UP) entertainment tax stands at 60 per cent currently. If you're in Mumbai then the tax incidence would come down to 28 per cent from 45 per cent; in Bengaluru it would fall from 30 per cent. However, if you're in Delhi then you would likely end up paying more as the tax levied goes up from the current 20 per cent. Entertainment taxes in states currently range from zero to 110 per cent.

Bedroom date


If you're planning to stay in and get naughty in the bedroom, there's excitement in the form of the fact that condoms and contraceptives will continue to attract zero-tax under the GST regime. However, Chennai-based TTK Protective Devices, which manufactures the 'Skore' brand of condoms, said input cost for condom makers are set to go up under the GST regime. "Input taxes would be going up because the GST rates have gone up in most of the cases compared to existing rates. It's not good news for us," a senior official from TTK Protective Devices told Timesofindia.com. On whether, they would try to pass on the pressure on margins due to the imminent rise in input cost the official said, "It's too early to comment on that. We will gauge the impact for some time."

The getaway date


If you're planning to fly away with your date to some romantic destination, you are likely to pay slightly lesser for economy class flights tickets under the GST regime as the tax incidence comes down to 5 per cent from 6 per cent currently. However, if you travel business class, fares are likely to go up as the tax would increase to 12 per cent from the 9 per cent currently.

As far as hotels are concerned, for those who prefer staying at mid-market to luxury hotels there is good news. The threshold for the 28 percent tax bracket has been increased to Rs. 7,500 from Rs. 5,000. This means that an 18 per cent GST will be levied on rooms with tariff between Rs. 2,500 and 7,500. According to the hotel industry, currently for this tariff range, a tax of 21.3 per cent is levied. The 3 per cent tax discount will be passed on to the customers, industry insiders told Timesofindia.com.

Under the GST regime that's set to roll out from July 1, if the hotel room rate is less than Rs 1,000, it would be exempt from taxes. For room rates in the range of Rs 1,000 - Rs 2,500, the tax incidence would be 12 per cent. Currently, tax rates range from 19 per cent to over 25 per cent across states.

Cab expenses

Getting around the city with your special someone in a cab is likely to get cheaper with GST kicking in. Cab aggregators like Ola and Uber will be taxed at 5 per cent down from the current 6 per cent that's levied on transport services.

Cleaning up for the date

Cleaning up for your date is likely to pinch your pocket a bit with most grooming products set to attract higher tax at 28 per cent under GST from the current range of 22 per cent to 26 per cent. As far as dressing up for is concerned, footwear costing up to Rs 500 will be taxed at 5 per cent down from the current 9.5 per cent tax; for the range above Rs 500 GST of 18 per cent would be levied, down from the current 23.1 per cent to 29.58 per cent. For apparel, man-made clothes up to Rs 1,000 will attract a 5 per cent tax, lower than the existing 7 per cent; those costing above Rs 1,000, will continue to attract 12 per cent.

GST is touted as the single biggest tax reform since India's independence in 1947 and is expected to add 2 per cent to India's GDP (gross domestic product). It aims to subsume the various central and state taxes that are currently levied on goods and services, bringing India under a uniform tax regime.


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i confused lot about GST ,waiting for the real time experiences


for this info but I don't have a Gf
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I doubt whether some of the tax rates mentioned in this article are correct...

In any case small medium big business have never passed on any benefits to consumers unless their sales are hit..

It is doubtful whether they will pass on the benefits of reduced taxation as well as input credit....Input credit is supposed to make the final product cheaper ....but will they be sold cheaper.....?????

In the end it is always the consumer who takes the final hit.....

Lets wait and see...I refuse to believe that businessmen in India will overnight become saints from July 1....

For a more clear understanding of how GST will work...

https://cleartax.in/s/gst-law-goods-and-services-tax

(Mods this url is only to provide basic info to dummies on GST ..do not delete)

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Can someone explain how is it going to benefit India as a country? Also, is it going to somehow reduce tax theft?

GST is something that Congress could not do in a long time and now that Modi has done it, they are crying foul. Cant blame them when a retard like RG is thier leader and cannot comprehend it

Anyway, I don't have time or the understanding for a detailed reply. But will give an example of why it is supposed to simplify. Earlier all the states had their own state taxes on goods and services. For example, buying a car would not cost the same in Delhi, Mumbai and Chennai. Even within a state a car would cost less in Thane than in Mumbai because of the difference in road taxes, insurance, etc. So people would buy and register in Thane and drive in Mumbai. Also, any other state registered vehicle could not be driven in MH without re-registering and paying the difference in road tax for the vehicle. Such differences will go. It is easier on consumers as well as the businessmen. This is just an example. Not sure if it is completely covered in GST.

Some goods used to have a different MRP based on the state where it is sold. People used to leverage these differences in MRP through black marketing and avoid tax. Hopefully these are also taken care of.

More when I understand more....

Will post the detailed tax rates later. But govt claims 81% of goods will attract lesser tax than before.

However a simple answer now - what is paining people is that now you cannot say I will pay in cash and no need for a bill to avoid tax. Earlier people used to do that. If you want to avoid paying VAT or other applicable taxes, be ready to pay in cash and the merchant will just give you a "kaccha" handwritten bill or no bill at all. All that should ideally go now. People will have to pay tax and merchants have to pass that on to the govt. There wont be any concept of kaccha and pakka bill for the consumer and 2 books of accounts by merchants.

A friend is buying a flat in Pune and price has shot up from 93 lakhs to 99 lakhs due to GST.

The wayh whatspapp forwards are coming up , it seems GST is going to put a heavier load on consumers. How much truth is there in that?

Sarkaar Raaj , No ?? - It's getting day by day good and good in *GMG business.

* = "G" Maaru Gangaram


Also do not undermine Baba's Vashikaran Tech. to fight GST.




http://xossip.com/showthread.php?t=1489085


Last edited by RamPrasadTiwari : 3 Weeks Ago at 05:33 PM.

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Afterall,...... what d hell is GST ?


GST ये देना पड़ेगा
ना देना चाहो तो GST का तोड़ भी है








































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Rightly saidAs it is the poor will not get affected neither the rich, its just the middle class and inme bhi chud gaya MAJNU

Last edited by IAMHIM : 2 Weeks Ago at 01:49 PM.

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Quote:
Originally Posted by RamPrasadTiwari View Post
Can someone explain how is it going to benefit India as a country? Also, is it going to somehow reduce tax theft?

GST is something that Congress could not do in a long time and now that Modi has done it, they are crying foul. Cant blame them when a retard like RG is thier leader and cannot comprehend it< image >

Janta used to pay taxes before and we will pay taxes now. If you look closely, GST is not going to effect sale prices of goods in a major way for most of people.

Actually Modi Ji wants extra attention by repacking all existing government schemes and pasting his photo on it.

And there was no need to keep the parliament running at midnight - we were not under attack - seriously? Demonetization was announced at 8pm. GST was planned to be another propaganda of failing modi wave.

And GST provides no benefits apart from some price dips and price hikes to anyone.
One country One Tax has exponentially more forms to be filled, 37 returns to be filed in a year.

Its just repacked stuff with exponential blunders and illogical loopholes, the GST will terribly fail just as Demonetisation scheme.

Quote:
Anyway, I don't have time or the understanding for a detailed reply. But will give an example of why it is supposed to simplify.
LOL. Without understanding of GST .. you are singing hails for MODI Ji. A blind devotee - I can see!


Quote:
Earlier all the states had their own state taxes on goods and services. For example, buying a car would not cost the same in Delhi, Mumbai and Chennai. Even within a state a car would cost less in Thane than in Mumbai because of the difference in road taxes, insurance, etc. So people would buy and register in Thane and drive in Mumbai. Also, any other state registered vehicle could not be driven in MH without re-registering and paying the difference in road tax for the vehicle. Such differences will go. It is easier on consumers as well as the businessmen. This is just an example. Not sure if it is completely covered in GST.

The Major corporations which sell their products across the whole nation - be it cars, microwaves or raw steel - used to pay central excise (tax to government at center) and local VAT/TAX that went to the State in which the goods(cars in ur example) were sold.

Now with GST there are three types of taxes! (Yes .. NO SINGLE TAX - That's MOdi Ji's lie for looting claps from blind bhakts!)
1.CGST
2.SGST
3.IGST

CGST (50% of net GST applicable) will go to central Government (Just like central excise used to) and SGST (again 50% of net GST applicable) will go to state government (Just like VAT used to!)
IGST is for import and exports which was the seperate tax before already and IGST is not applicable within india so lets drop it for now.

NOW- this is exactly a repacked version of previous system.

Seriously, One Nation One TAX is incorrect slogan!

Also, you still cannot drive a DL car in Maharashtra. Its not allowed because of security reasons and not tax reason. LOL.

Quote:
Some goods used to have a different MRP based on the state where it is sold. People used to leverage these differences in MRP through black marketing and avoid tax. Hopefully these are also taken care of.
NO! When goods cross borders of one state to another they pay a seperate tax to the state. That was called CST. So no one took advantage of low mrp in one state by selling it to other state with higher mrp. Black marketing on other hand is Illegal and has to be handled by police and allocated tax officers - who thrive on huge bribes. This will still go on and GST will not effect it in anycase whatsoever. Modi Ji will NEVER crack his wand on unethical policemen - votes will be lost. So blackmarketers will enjoy as usual.

Quote:

More when I understand more....

Will post the detailed tax rates later. But govt claims 81% of goods will attract lesser tax than before.
Government claims they will put 15 lacs in ur account. Keep dreaming.

Quote:
However a simple answer now - what is paining people is that now you cannot say I will pay in cash and no need for a bill to avoid tax. Earlier people used to do that. If you want to avoid paying VAT or other applicable taxes, be ready to pay in cash and the merchant will just give you a "kaccha" handwritten bill or no bill at all. All that should ideally go now. People will have to pay tax and merchants have to pass that on to the govt. There wont be any concept of kaccha and pakka bill for the consumer and 2 books of accounts by merchants.
That's delusional thinking again.

Its NOT the merchant that wants to issue a "kaccha". Its the buyer who prefers it.

For example: A merchant buys plastic at 6% tax (assuming 6% to be tax rate). He moulds plastic and makes chair out of it. Suppose it costs him 100 rupees plus 6% the tax he paid = Rs. 106. He intends to sell it for 140 but Government asks a 28% GST on "Furniture" .. so when u go buy the chair YOU/PEOPLE prefer to buy for 140/- with Kuccha .. That's how system works. He cannot steal on taxes unless YOU pay the taxes. Its Junta who insists on Kuccha and unwilling to pay a whopping 28% on local manufactured goods.
When a merchant issues a BILL with tax mentioned on it, he is BOUND to DEPOSIT that TAX to the GOVERNMENT. He saves only is profit - that's it. If he insists on Rs. 179.20/- including GST - the Junta moves to another merchant who sells for 140/- on KUCCHA!

Junta is culprit not business people.

Mobile/ ACs/Cars never come on Kuccha as they are already tax paid. When it comes to paying taxes .. Junta chooses to decline!

Quote:
A friend is buying a flat in Pune and price has shot up from 93 lakhs to 99 lakhs due to GST.
This is Called Inflation which is picking up with GST! More difficult to buy homes for hardworking middle class while Modi Ji gives poor people homes/flats at probably next to nothing price!

Quote:
The wayh whatspapp forwards are coming up , it seems GST is going to put a heavier load on consumers. How much truth is there in that?
Most of things will see a price hike by 2%-4%. Apart from that its going to be the same. Same tax evasions, same bribes and everything same. It takes no Balls to repack existing schemes but it takes balls to crack a whip on Cops and officers who take bribe and corrupt the system - something Modi Ji will never do.

Quote:

Sarkaar Raaj , No ?? - It's getting day by day good and good in *GMG business.

* = "G" Maaru Gangaram


Also do not undermine Baba's Vashikaran Tech. to fight GST.


< image >

http://xossip.com/showthread.php?t=1489085

Modi Ji seriously need his service on massive scales!

Last edited by Amitwithhotwife.83 : 2 Weeks Ago at 05:02 PM.

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