Tag: consumer durables goods

Banking Transaction Will Hurt More To Your Pocket From July

Transactions fees of financial services become more expensive after government may put 18% tax in the new (GST) regime.

Read More
70% of all goods and some consumer durables to become cheaper under proposed GST regime

A number of goods such as cosmetics, shaving creams, shampoo, toothpaste, soap, plastics, paints and some consumer durables could become cheaper under the proposed goods and services tax (GST) regime as most items are likely to be subject to the rate of 18% rather than the higher one of 28%. India is likely to rely on the effective tax rate currently applicable on a commodity to get a fix on the GST slab, said a government official, allowing most goods to make it to the lower bracket.

Read More