GST Impact on household and lifestyle

On Friday the 1st of July, 2017, ‘One Nation One Tax’ finally became a reality for India, as the Government launched the Goods & Services Tax, which is considered as the biggest tax reform in India till date.

So, what is the impact on our household and lifestyle? Read my post on UC News

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Image credit: https://india.gov.in/

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    By: Somali K Chakrabarti

    Hi there! Welcome to Scribble and Scrawl! Here, I delve into themes related to positive lifestyle – from making smart-living choices, savvy financial decisions to nurturing the mind, body and soul. I share my travel experiences, explore facets of art and culture and highlight inspiring stories. Hope you enjoy reading my posts.

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2 thoughts on “GST Impact on household and lifestyle

  • July 3, 2017 at 2:36 pm
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    I feel the complete analysis on effect of GSt will be clear only after few months. But it is clear that with service tax going up by 3% and many new goods and services coming under the ambit of GST, the overall budget of a family will surely go up.

    Reply
  • July 3, 2017 at 4:07 pm
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    That is a very clear and concise analysis of GST Somali…hope common people would feel comforted by this change as any change affects only the masses especially those who ek out their living with hard work. A long awaited, contested, blocked change is finally here but the effects will unfold slowly.
    Thanks for sharing. Have a wonderful week.

    Reply

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