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GST IMPACT ON VARIOUS SECTORS

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GST IMPACT ON VARIOUS SECTORS

GST passed by Raysabha today and we can say GST on track now.

As per experts understand the GST impact on industry

1) BANKS – Current service tax 15% know after GST 18% Negative.

2) CONSUMER STAPLES current tax rate 22% know after GST it’s 18% .
Positive for – Asian paints,Dabur,HUL,EMAMI  NEGATIVE for ITC & UNITED BEVERIES.

3) CONSUMER DISCRETIONARY current 15% after GST 18%

NEGATIVE for Jubilant Food works,Coffe Day ,& Restaurant Businesses.

4)MEDIA – current Tax 15% service tax and 7% entertainment Tax by State’s know After GST it will be 18%

POSITIVE for DISH TV, VIDEOCON D2H, BIG TV,

5) TELECOM current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%

6)AUTO INDUSTRIES current Tax 27% after GST it will be 18% .

POSITIVE for M&M, MARUTI,BAJAJ AUTO , EICHER MOTORS,ASHOK LEYLAND .

7)METALS – current TAX 18% after GST 18% no major impact

8) CEMENT – current Tax 27% altogether after GST it will be 18%

 POSITIVE for Ultra tech cement,shree cement,ambuja cement etc.

9) PHARMA – current Tax 15% after GST it will be 18% .

NEGATIVE for Pharma companies.

10) REAL ESTATE – 15% to 16% Stamp duty so no major impact on REAL ESTATE companies.

11) LOGISTICS – majorly benefits to logistics sector no impact of GST

POSITIVE for – Container Co

THIS ANALYSIS IS BASED ON EXPERT OPINION AND WE CANNOT TREAT PERFECTLY  CORRECT, because it shows only out put rate and not include the benefit of input tax.

To know overall impact it is the game of wait and watch.

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