Impact Of GST On Women’s Life
Impact of GST on women’s life – This News is for all Girls and Women. Many things have become costly with the arrival of Goods and Service Tax. Things in women’s use have become costly too. Whether it is makeup products or sanitary napkins, Oil, shampoo, and hair clips have come under the purview of 28% under skincare products under GST.
What is GST In India?
GST or Goods and Services Tax is a tax that consumers should pay on buying any goods or services like daily need items, transportation food, clothes, items of daily needs, transportation, edibles, cellphones, kitchen items, ayurvedic medicines, sewing machine, etc,. The main benefit of GST is that it coerces all markets to come under this unified tax practice. This tax system is an easy input asset that bypasses the knock-on all the taxes and is applicable all over the country. This single tax is the biggest tax reform beneficial for the common man residing in the country.
Below is a summary of how GST will affect women and how costly or cheap they are going to be women’s products.
- GST has a mixed effect on women’s kitchen. Open paneer, buttermilk, curd, honey, fruits and vegetables, fresh meats, fresh chicken, egg, milk, open dough, open gram flour, open pulses, open flour open grains, bread, offerings, salt, flower broom, jaggery, Daily items such as papad, bhindi, bangles, and handloom kept out of GST.
- At the same time, an 18% tax will be charged on pasta, corn flax, soup, jam, ice cream, instant food mixes, mineral water, flavored refined sugar, pasta, pastries, cake, and preserved vegetables.
- Till now, 22% of the tax collected by adding excise duty on toothpaste, hair oil, and soap, which has now reduced to 18%.
- At the same time, 28 percent of GST is now installed on essential things like hair shampoo, dishwasher, and hair clips.
- Apart from this, 28 percent GST hold on sewing machine considering it as a luxury item.
Clothes and Shoes
- Now it is expensive for women to go to the party because the clothes above Rs.1000 will be taxed at 12%.
- At the same time, 5% GST will be taken for clothes less than Rs. 1000. If we talk about shoes then you have to give 18% GST on the shoes above Rs. 500.
- Online shopping for women has also become expensive because suppliers associated with e-commerce companies will increase the prices of their products.
- Also, you now have 18% GST on your credit card bill instead of 15%.
Let us know your thoughts about the impact of GST on women’s life? Did Central Government overlook us while settling GST sections?
You May Also Like:
- A Tribute to our Brave martyred Soldiers
- 10 Easy Money Management Tips
- Irrfan Khan (1967-2020): A Tribute to the most talented actor of Bollywood