Good News GST Launched in India

[yellkey]

:no

No changes in importing after gst implementation. If any news regarding importing please let me know.

 

[Jithin91]

Petrol & Diesel should come under GST
Price will reduce by ₹20 - ₹25
Petrol and Diesel are the most heavily taxed consumer goods. Many of us are not aware that the total of taxes we pay on these two now exceed their total cost of production and marketing!
We are giving 55.18% tax of Retail Price for Petrol and Diesel.

Here's the breakdown
Cost of Petrol in Delhi Yesterday from IOC
(all costs per litre)

Basic Cost of Petrol after Production - ₹25.83
Central Excise Duty - ₹21.48
Dealer Commission - ₹2.54
State Sales Tax (VAT-27%)* - ₹13.46

Retail Sale Price = 25.83+21.48+.2.54+13.46 = ₹63.31
This is what we pay for 1 Litre Petrol. Same as the case in Diesel.

*State Sales Tax (VAT) differ from State to state.
In Delhi it is 27%
But when u come to Kerala VAT is 31%.
So Price goes high again.

If Petroleum Products are included in GST..
The Maximum Tax Collected could be 43%
(28% GST + 15% CESS) = 43%
So
Basic Price of Petrol Yesterday is ₹25.83
43% Tax (GST+CESS) of ₹25.83 is ₹11.10
So the Retail Sale Price is ₹36.93

Yesterday's Sale Price in Delhi is ₹63.31
With GST ₹36.93
Difference is 63.31-36.93
₹26.38

You can save ₹26.38/L if Petrol is included in GST.

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

small Car(Petrol) -31.4% ~~~ 29%
Small Car(Diesel)- 33.4%~~~ 31%
Medium Car 46.6%~~~43%
Big Car 51.8%~~~43%
SUV 55.3~~~43%
Small two Wheeler 30.2%~~~28%
Big Two Wheeler 30.2%~~~31/%
Commercial Vehicles 30.2%~~~28%
Three Wheeler 29.1%~~~28%
Tractor 13%~~~12%

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

Telecom Services 15%~~~18%
Telecom Towers 15%~~~18%
Mobile Phones(Indian) 6%~~~12%
Mobile Phones(Non Indian)18-27%~~~12%

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

Color 24%~~~28%
Glue 24%~~~18%
Coal 12%~~~5%
Steel 18.1%~~~18%
Cement 30%~~~28%
Wallpaper 18%~~~28%
Putty 26%~~~28%
Plaster 26%~~~28%
Tiles 26%~~~28%
Construction 11-18%~~~18%

 

[Sai Jai]

One doubt

In Mobile how they classified by Indian & Non Indian by Brand Name registration or making place ??

..

Op color means paint ??

..

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

LPG 12-30%~~~18%
Cooking LPG 0-4%~~~5%
Kerosene 0-4%~~~5%

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

PetroChem 18-22%~~~18%
Fertilizer 6%~~~5%

 

[Sai Jai]

LPG 12-30%~~~18%
Cooking LPG 0-4%~~~5%

Difference ??

..

 

[Optimus_Prime]

Here is the Differences of Taxes Before GST and After GST: First one Before GST & second one After GST

Tea 5%~~~5%
Sugar 5%~~~5%
Incense sticks 0%~~~12%
Butter/Ghee 6%~~~12%
Jam/Jelly 12%~~~18%
Cofee 26%~~~28%
Makeup Item 26%~~~28%
Ice cream 26%~~~18%
Gold 1-2%~~~3%
Sweets -0%~~~5%
Electronic Item 12-18%~~~28%