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  • Category: General

    What will be cheaper and more expensive?

    Recently, GST has been passed. The recent news says, finally GST bills have been passed and it will be implemented from July 1st. Here is the big question arising, which goods and services are going to be cheaper and which goods and services are going to be more expensive. Members share your knowledge regarding this. What are the products will be cheaper in GST bills? What are the products will be expensive in GST bills?
  • #25107
    Well, it could be too early predict the exact scenario as of now. GST is slated for a roll out in July, and a whole lot things will be clearer by that time. Government is confident that the GST regime will bring benefits to the common man, we are still not in a position to draw the lines on which products will go cheaper and which ones will get expensive.
    As things stand now, there are indications that cars, FMCG products, consumer durables and readymade garments are likely to become cheaper. Higher taxes are likely to be levied on telephone bills, air fare, banking services, and mobile phones which are tipped to be costing more.
    There is no clear indication on the exact GST rate, economics experts have been thinking of a possible rate of around 18 to 22 percent. On the one hand we may see a hike for the telecom sector, while the DTH and cable industry may see the rates dropping down for them.
    Let us wait till July to have a clear idea on the same.

    Live....and Let Live!


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