Impact of gst on various sectors

CA Amrita Chattopadhyay (Audit & Assurance) (13029 Points)

10 August 2016  

Impact of GST

a. Consumer Staples : Current rate is 22% GST rate 18% - Positive impact

b. Consumer Discretionary : Current rate is 15% GST rate 18% - Negative impact

c. Media & Entertainment: Current rate is 15% + 7% GST rate 18% - Positive impact

d. Telecom industry: Current rate is 15% GST rate is 18% - Negative impact

e. Auto & Auto Ancillary: Current rate is 27% GST rate is 18% - Positive impact

f. Metals: Current rate is 18% GST rate is 18% - No significant impact

g. Cement : Current rate is 27% GST rate is 18% - Positive impact

h. Pharma : Current rate is 15% GST rate is 18% - Negative impact

i. Real estate : Current rate is 15% GST rate is 16% - No significant impact

j. Logistics : No change in the tax rate.