joel.francis.7351
Par 100 posts (V.I.P)
Learn about the GST Bill and its IMPACT ON VARIOUS SECTORS.
1) BANKS - Current service tax 15% now after GST 18% Negative.
2) CONSUMER STAPLES current tax rate 22% now 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 for Jubilant Food works,Coffe Day ,& Restaurant Businesses.
4)MEDIA - current Tax 15% service tax and 7% entertainment Tax by State's now After GST it will be 18%
POSITIVE for DISH TV, VIDEOCON D2H, BIG TV,
5) TELECOM current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%
6)AUTO INDUSTRIES current Tax 27% after GST it will be 18% .
POSITIVE for M&M, MARUTI,BAJAJ AUTO , EICHER MOTORS,ASHOK LEYLAND .
7)METALS - current TAX 18% after GST 18% no major impact
8) CEMENT - current Tax 27% altogether after GST it will be 18%
POSITIVE for Ultra tech cement,shree cement,ambuja cement etc.
9) PHARMA - current Tax 15% after GST it will be 18% .
NEGATIVE for Pharma companies.
10) REAL ESTATE - 15% to 16% so no major impact on REAL ESTATE companies.
11) LOGISTICS - majorly benefits to logistics sector no impact of GST
POSITIVE for - Container Corp, GATI etc...!
Now the amended GST bill will be presented to Loksabha tommorrow
Subsequently needs to be cleared by 15 state assemblies
Will be finally presented to Parliament after ratification by states in November for final approval
After final approval by both houses will be presented to President for assent
Likely to be implemented on 1st April 2017 after presidential assent.
1) BANKS - Current service tax 15% now after GST 18% Negative.
2) CONSUMER STAPLES current tax rate 22% now 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 for Jubilant Food works,Coffe Day ,& Restaurant Businesses.
4)MEDIA - current Tax 15% service tax and 7% entertainment Tax by State's now After GST it will be 18%
POSITIVE for DISH TV, VIDEOCON D2H, BIG TV,
5) TELECOM current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%
6)AUTO INDUSTRIES current Tax 27% after GST it will be 18% .
POSITIVE for M&M, MARUTI,BAJAJ AUTO , EICHER MOTORS,ASHOK LEYLAND .
7)METALS - current TAX 18% after GST 18% no major impact
8) CEMENT - current Tax 27% altogether after GST it will be 18%
POSITIVE for Ultra tech cement,shree cement,ambuja cement etc.
9) PHARMA - current Tax 15% after GST it will be 18% .
NEGATIVE for Pharma companies.
10) REAL ESTATE - 15% to 16% so no major impact on REAL ESTATE companies.
11) LOGISTICS - majorly benefits to logistics sector no impact of GST
POSITIVE for - Container Corp, GATI etc...!
Now the amended GST bill will be presented to Loksabha tommorrow
Subsequently needs to be cleared by 15 state assemblies
Will be finally presented to Parliament after ratification by states in November for final approval
After final approval by both houses will be presented to President for assent
Likely to be implemented on 1st April 2017 after presidential assent.