Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

GST – Should You go on a Shopping Spree This Weekend?

It’s Friday evening and here comes the weekend knocking at our mind, heart and pockets.

News18.com

Updated:June 23, 2017, 5:33 PM IST
facebookTwittergoogleskypewhatsapp
GST – Should You go on a Shopping Spree This Weekend?
Thanks to GST —this weekend might put you in a dilemma, whether you should go on a shopping spree or wait for the next weekend to arrive in the GST era.
Loading...
New Delhi: It’s Friday evening and here comes the weekend knocking at our mind, heart and pockets. Thanks to GST —this weekend might put you in a dilemma, whether you should go on a shopping spree or wait for the next weekend to arrive in the GST era. To help you make an informed decision, we’ve listed below top four things that shoppers buy during weekends and what is the impact of GST on these goods:

Apparel

Man-made apparel up to Rs 1,000 currently attracts 7% tax, which is put under the 5% GST slab. Anything above Rs 1,000 is currently taxed 12% and will continue to be so. So not a big change is foreseen, may be a marginal cut in prices post GST. Ready-made garments will also attract 12% GST.

Footwear

Post-GST, shoppers will witness respite while buying footwear as anything that costs below Rs 500 will attract 5% GST as opposed to the current 9.5% and items above Rs 500 will be levied 18% GST as compared to 23.1% - 29.58% now. So probably you can wait and buy your favourite pair in the next weekend.

Perfumes & Cosmetics

Perfumes, cosmetics, sun tan lotions, manicure and pedicure creams, face masks etc are put under 28% GST ambit which more or less remains on a par with the current 28%-31% tax structure. However, FMCG and personal care items have been bucketed under the 18% slab, so one can expect a lower grocery bill.

Bags & Boxes

Handbags, satchels, wallets, school bags, sports bags, travelling bags, rucksacks, jewellery boxes, trunks, suitcases, vanity cases, brief cases, executive cases, basically anything that can be categorised under bags and luggage will fall under 28% GST Slab. According to experts, post GST, bags and luggage can witness a price hike of 10%-15%.


(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results