esv017 “Taxrales under GST: The gains and losses fo th Indian mide class Tax rates under GST: The gains and losses for the Indian middle class tiie Today shows ape Bverrvs W's only les than @ month let until Goods and Service Tax (GST) sees the light of the day. India's biggest tax overhaul crassed its final hurdle last weak when GST Council agreed to tax gold and silver jewellery at 3 per cent taxrate, With GST to be implomentod from Jul 1 ts the ideal time fo check if your monthly budget willbe affected under the new tax regime. We've pul down a lst of goods and services that wll become cheaper or costlier once GST comes ino force, Gold: GST Councithas fixed the tax.ate of the precious metal at 3 per cent. GST Council fon June 3 created a new tax brackal fr gold, diamonds and silver. The current excise duty on gold was t per cent and 1 per cent VAT in many states. With3 per cent GST, Gold is setto become costlier July onward, Insurance: Premiums are set to sise on car, health and ang term insurance withthe ‘government. Current, insurance is taxed at 18 per cent. Under GST, this wauld go up to 18 percent Banking Charges: Transaction fee on various banking and financial services are expected lo go up as GST will tax these services under 18 per cant tax rate from the current 15 per cent Hotel Bookings: GST on hotel services will depending on the kind of room you stayin. It tho room tarif is loss than Rs 1,000, your stay wil bo tax foe. Howover, ifthe room tart is between Rs 1,000 - Rs 2,500, youllbe taxed 12 per cent, the tarifis between RS 2,500 to Rs 5,000, the stay willbe texed at 18 per cent For lua hotels, where the tarts fare more than Rs 5,000, GST rate of 28 per cent willbe applicable. Eating Out There are diferent tax slabs forrastaurants depending on thelr turnover and whether they have air-conditionina or or not hipe:in yahoo cominewsitaxralas-nder-get-gaine-1O:AS6483 Watch: This s Why Shah Rukh Khan Loses His emper AtThe Anchor OTe Show In Oba} ‘Burger King = Limited Time Ofer on Whopper wesv017 “Taxrales under GST: The gains and losses fo the Indian mide class Restaurants witha tumover of lass than Rs 60 lakh will be levied a tax rate of § per cent Non-AC restaurants will be charged 12 per cent GST on food bill. Tax rate for AC restaurants and those with liquor licence wil be 18 per cert, whereas restaurants in 5-star hotels will attract a GST rate of 28 por cont While ordering food from your neighborhood nor-AC joint may geta litle costly under GST, eating outin AG restaurants is set to become cheaper as the current tx rate Inchides 5.6 per cent Service tax and 14 per cent VAT in some states, Telecom Bills: Your mobile and internet bils are expected to rise once GST comes into force. Currently, there is 8 15 per cent service tax on telecoms services. Under GST, the taxrate applicable willbe 18 per cert, The industry, whichis already stressed with the launch of Reliance Jio, Is expected to pass on these charges to customers. Movie Tickets: During a GST Council mest in Srinagar, Finance Minister Arun Jaitley had said movi tickets in cinema halls willbe taxed at 28 per cent. Current, there is service tax on cinema and states have separate entertainment taxes. Maharashtra levies more around 50 per cent entertainment tax on move tickets. h Uttar Pradesh (UP) entertainment taxis around 30-40 percent. Even though the taxrate under the GST willbe lower than entertainment taxes levied in some states, movie ticket prices in big multiplexes may emain same as the government plans to increase tax on junk food and aerated drinks. Medicines: While there may not be @ huge impact of GST on medicines, but taxrate of 5 por cent an ife-saving drugs that treat diseases like malaria, HIV-AIDS, tuberculosis, and diabetes is expected to marginally increase prices ofthese drugs. Unt now, these drugs were exempted from excise and customs duties. However, a few states were charging 5 per cent tax on these drugs which willnow be subsumed under GST. Under GST, thore willbe a 12 percent on formulations and 18 per cent on APIs (active pharmaceuticalingredients) -the bulk drugs that go into the making o final ils and tablets. Cab rides: Cab fares could get marginally cheaper for customers from July 1 the Incidence of tax will come down to five per cent for bookings made on cab aggregators like Ola and Uber. Currently, a tax of six per cents levied on rides booked through cab aggregators Tobacco products: Filter and nor-fker cigarettes not exceeding 65 mm willatract coss of 5 per cent plus Re 1,591 per 1000 sticks. For cigars, a helty ew of 21 per cent or RS 4,170 per 1000 slicks, whichever is higher, would be levied. Branded guikha willbe slapped witha cess of 72 per cent, while smoking mixtures for pipes and cigarettes will attract a levy 290 per cent Bikes: Motorcyclas of more than 360 ce engine capacity willatract a total of 31 per cent tax under the GST regime, same as the tax incidence on private Cars: Allcars fallin tho ‘txury bracket of GST. That means they wil tax However, depending on their size, extra cess willbe levied ‘Small cars or cars under four-metre length powered by a petrol engine not greater than 4 2-lre oF a diasel engine not groater than 1.5-hre by displacement willbe taxed at 28 per cent. For petrolcars, the effective tax ale wil be 28 per cont. However, for diesel willbe 31 per cent For mid-size, inury cars and SUVs the effective tax rate willbe 43 per cent. The prices of " 25 iy taxed at 48-55 per cont. 2 PAt8 Ws High ¥8 43 percent. Tis of ab8Wt29 percent on such cars. pen yatoo.cominewstaxratas-nder-ge-gaine-TO:AS5483 ‘clown bute gives the mes boytnena Ihe reply = view pie a ‘Tusshar Kapoor Had Decided Te Have A Child Via Surogaey ‘Pay Commission: Cheor for govt employens ‘se Monday Motwvaton: Bipasha Basu de 2p RRA Banana” MEER RARO for Magen rea. eeN Ml wapelanES”esv017 Joaplér iterate fixed at 5 per cent 90888" Services tax (GST) regime ass, tickets will become dearer as etre a Prices of food grains, especially wheat and rice, willcome down as they wil be exempt 7th Pay Commission: Cheer for govt A cralinnpHOhpsesraarnTaairedB Teper tResTawabitown ID o Sima FRN ERAN AHORA cA OL ABS.BRT ane Sweets il tract 5 per cent tax ubdgetnesSTrmiao of Socretarie (E-CoS) at a meating. Dain useholditems:tke separ. ga, coffee (barring instant cotfes) and Fi ney QiHPS! HS BPRS RAAF EBIIOS! the same as under the iN Invest ina growing tourst market and earn returns in US Lo dolar, becom an Investor! Repstor to gat more ivormat. ‘Common use products tke hair oll soaps and loothpaste will be charged with a single : GBT aL 18.parcey instead of present 22-24 porcentiax, 2o\npeme Ja Bopartmens NEBR a 4°B%hano sun Pho ccRaRRASY AAAI USE Aah DPAURGALRY Agia, instant, Mistard pow ot, uae ESI Par VaRRRHBG? 66 RRA WWauty products, turacroon stampooe Nat Sj there torn and deodorot, Sie Benes oan ‘ laughtodiNs' aid S8hites provided by veterinary clinics willbe exemptfrom Watch: This is Why Shah Rukh Khan es j= dens Mia THmAREA TRA netoe AF Edie a ow 3428 Taxrates under GST: The gains a losses ortho Indian mid class cd ‘The Cheapest BbmesicAffare Prices ©: sine See mp0 © aarz3e 28 jn pba nve wil make you Maintenance Charges: Flat owners who pay Rs 8,000 or more every month as maintenance charges, excluding property tax, stamp duty and willis charges, will have to pay GST on the increased tax rates, As of now, tax vie is levied at 16.65 per cent on ‘maintenance charges, which willbe replaced with 18 per cent after GST is implemented ‘Smartphones: A smartphone current attracts Wo per cont contal excise duty, besides tho value-added tax (VAT), which vary rom stato to state (live per cent to 18 per cent, Under GST, smariphones willbe taxed at at 12 per cent Cement: Prices of packaged cements expected to come down marginally as it would be taxed at 28 por cont under the GST as against 31 per cont currently on account of different indirect taxes. ‘Ayurveda: Ayurvedic products are set to get costlier as the government has kept these products in the 12 per cent bracket. Ayurveda products currently atract a 8-9 per cont lov. 5) Be the tiret to comment ‘Signa to gost comment hipesin yahoo comewatacrales-nder ga-gaine 1OASS4S3 |esv017 “Taxrales under GST: The gains and losses fo th Indian mide class (Get more outof your demat account, Bollwoodlife.com Not Sara Ali Khan, fans want Ananya Pandey to be launched by Karan Johar’s Dharma f Productions! Raj Ta, Boiyesoda.com Sun 20 A Boers Onis 45t binhday, Karan Johar announced ha his production house, Dharma ‘siwarya Ra Bachchan tear oppose Ai Productions, wil soon aunch tee new faces in the Indust, Last time he taunchod Kapoor in Rajesh Gmprakash Metres Fanney someone, it was with the film, Student Of The Year, that proved to be the perfect {o vole between all oSenjaksshya ums cand cACes wRAROROHWSDIE FKER-bo launched by Dharma. The results are out and Ananya Pandey's name has emerged as the topper. Yes, fans want to see Chunky Pandey's daughter make her debut before any. other star kid Ananya recelved the maximum number of votes, from amongst a total of eight nominees. She received a whopping 42 per cent votes, which is quite lot wien contending with a Me es seven other names. Right behind her was Sara Ali Khan with 27 per cent votes. But, fom in esac ata ‘what we hear, Sara is making her debut opposite Sushant Singh Rajput soon in Abhishek Kapoor's directorial, Kedarnath, We wonder if it willbe produced by Dharma, And then, Inthe pol resuts, were the names of Aryan Khan, Jhanwi Kapoor, Yashwvardhan Ahuja, Nava Naveli Nanda, Aalya Ebrahim, and Pranutan Bah, respectively. ‘Well, for now Ananya bas won our poll and should sure be considered by Karan Johar! Sushma slams Trump's bilion dot sd while oxiting Paris accoro hipe:in yahoo comnewstaxralas-nder-ge-gaine- 10455483esv017 \We should also remind you that 18-year old Ananya is eumoured ta be making her debut with a Salman Khan production, But talent ransfer between camps is quite common in ‘the industry, Mayoe Kuo will pay attention to what you sl have said and cast Ananya in fone of his ventures before Salman. Sportskeeds ICC Champions Trophy 2017: India vs Pakistan, Ravindra Jadeja's brilliant throw sends Shoaib Malik packing Bi Pram Kura, Sporto hipe:in yahoo comnewstaxralas-nder-ge-gaine- 10455483 Taxrales under GST: The gains ad losses ortho Indan mide class 10% OF Limited Time] ‘et smartshones under Re 10,80 you can buy In June: Regma, 44, Moto C,Lenove K6 Row over Ker hoofs uniform: Some eal t 1y op objecting minors ‘Salman Khan Rubblehes Doing ABCD 3,esv017 Taxrales under GST: The gains a losses for tho Indian mid class ‘Across alldepartments af the game, 2/2 Jadeja Is steadily turning out to be one of India's most valuable erieketers atthe moment, The 28-year-old's incredible match awareness was on display during the high-pressure Champions Trophy lash against arch-rivals Pakistan at Edgbaston, In what was a swift pick-up and throw, Jadeja almost completed both acts in one motion and unleashed a direct hit to help India see the back of Shoaib Malik. The stunning fielding display went a long way n extinguishing Pakistan's hopes of a miraculous recovery. Following hdia's powerful performance withthe bat and the aftermath of frequent rain enforced inleruptions, Pakistan foun themselves chasing 289 runs from 41 overs. With the pitch rewarding disciplined bowling and their tacitionaldificlly at run-chases, they had a stifftask on their hands, The usually sedate Azhar Ali looked to force the initiative by targeting the boundary during the Power Play overs. However, his bating partners at the other end struggled to get going and sent the required run-rate inthe wrong direction. The kes of Ahmed Shehzad, Babar Azam and Mohammad Hafeez were unable to tackle the threatening Indian bowling attack. Extra Gover: 5 memorable moments from the India vs Pakistan match that dont fade any [After the pacers accounted for Shehzad and Azam, Jadeja coerced Azhar into a mistimed shot and reduced Pakistan to 91/3. Upon arriving in the middle, Malk made his Intentions prety clear. The 35-year-old smashed Hardik Pandya for successive fours Malik proceeded to dance down the track and deposited Jadeja ino the stands. Suddenly, the slew of boundaries seemed to cause a concern or two in the Indian camp. However, tho mettonomic spinner had the lastlaugh as his rocket arm sent te seasoned right-nander packing, Catch Jadefa’s amazing direct-hit in Pakistan's fall of wickets hors, Jadeja’s bullet throw dismisses Malik hipe:in yahoo comnewstaxralas-nder-ge-gaine- 10455483 Took eet? tually and eaves tans super excled Puoroy 2017 Tata Hexa XTA long term review: Introduction tervori over the head witha read erate coach Mickey Arthuresv017 “Taxrales under GST: The gains and losses fo th Indian mide class Jacearuiesstyprayed onthe momen! at ineection form Mal During the third delivery of the 24” over, Umesh Yadav tiled Malik by aiming one at the stumps. The batsman responded with @ defensive nudge and inexplicably set off for 8 an-existent single But Jadeja was lurking at backward point. Swooping in on the ball ike @ hawk, the lef farmer smarty picked it up and rapidly unfurled a throw in the vicinity of the stumps. His strong arm coupled with the stellar accuracy of his judgement resulted ina direct hit Even though he was sont back by Hafeez, Malik was lala in geting to safoly. ‘As the ballrattad the woodwork, Malk was caught wellshort of his crease. Despite the umpire being inclined towards sending the decision upstairs, Malk started walking back to the dressing room upon knowing that he had not made it ‘Apart from the almost instantaneous pick-up and throw, the highly commendable aspect ofthe leftiarmer's effor was the fact that he was not in a position which gave him a full sot of stumps to aim at. Following Malk’s departure, Pakistan surrendered meekly and were bowled out for 164. india had coasted to a comprahensive 124-run wetory. ‘This was not the first instance of Jadeja's brillance on the field changing the complexion of the game. He had previously shown tis propens ty for direct hts durin the recently completed edition ofthe Indian Premier League. hipe:in yahoo comnewstaxralas-nder-ge-gaine- 10455483 Hyderabad: 12year-id boy mmoles seit ‘er acing catoon cheater am