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Will the rate rise in case of GST making it costlier?

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Will the rate rise in case of GST making it costlier?
posted Nov 29, 2017 by Raghav Choudhary

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1 Answer

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There will be a standard rate present under the GST. This will make the impact different for various goods and services across the country depending upon the current or existing rate. If the existing rate is higher then the GST will lead to a lower rate but if the rate is lower than the rate will be higher. However it is expected that with multiple taxes eliminated it will ultimately lead to savings for the consumer.

answer Nov 30, 2017 by Abu Anam
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+1 vote

MY COMPANY IS IN BANGALORE AND MY CUSTOMER ARE ALL OVER INDIA
WHAT IS THE GST RATE FOR THE USAGE OF DEVICE TO CUSTOMER, WE DO NOT SELL DEVICE TO USER.
AFTER 12 MONTHS OF USAGE, USER GETS IT FREE OF COST OR RETURNS IN GOOD CONDITION.

ANY GST OR INCOME TAX IMPLICATION IF WE PROVIDE DEVICE FREE OF COST TO THE USER (ELDERLY, DISABLED, PATIENT).

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