write a debate onthe topic for 5 min on topic
Has gst helped in bringing a positive change in Indian economy
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The GST has both positive and negative impact on sectorwise. Some sectors get benefited as they will saved from indirect taxes and some sectors will have negative impact for sometime as tax on this sectors will be increased after GST is implemented from 1/04/2017.
For the middle class people things like buying cars and two wheelers, watching movies will get cheaper while eating in restaurant, drinking alohol etc will be costlier.
Following is the overview of impact of GST on various sectors :
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
Hope this answer helps you, mark as brainliest please.
For the middle class people things like buying cars and two wheelers, watching movies will get cheaper while eating in restaurant, drinking alohol etc will be costlier.
Following is the overview of impact of GST on various sectors :
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
Hope this answer helps you, mark as brainliest please.
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