Thursday 4 August 2016

GST IMPACT ON VARIOUS SECTOR

*GST IMPACT ON VARIOUS SECTOR*

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Finally GST Passed today i.e 3rd August, 2016.. In dis Article, Let us see the GST Impact on Various Sectors.. here we go..
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1) *BANKS* - Current service tax 15% now after GST 18% Negative.
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2) *CONSUMER STAPLES* current tax rate 22% know after GST it's 18% .
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Positive for - Asian paints,Dabur,HUL,EMAMI
NEGATIVE for ITC & UNITED BEVERIES.
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3) *CONSUMER DISCRETIONARY* current 15% after GST 18%
NEGATIVE
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4) *MEDIA* - current Tax 15% service tax and 7% entertainment Tax by State's know After GST it will be 18%
POSITIVE
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5) *TELECOM* current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%
NEGATIVE
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6) *AUTO INDUSTRIES* current Tax 27% after GST it will be 18% .
POSITIVE
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7) *METALS* - current TAX 18% after GST 18% no major impact
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8) *CEMENT* - current Tax 27% altogether after GST it will be 18%
POSITIVE.
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9) *PHARMA* - current Tax 15% after GST it will be 18% .
NEGATIVE
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10) *REAL ESTATE* - 15% to 16% Stamp duty, Current duty approx 7%. NEGATIVE for real estates.
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11) *TRANSPORTATION* - majorly benefits to logistics sector no impact of GST
POSITIVE
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P.S.: Share ur view in  comment box below...
Regards
SOURAV BAGARIA

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