Will The Rate Rise In Case Of Gst Making It Costlier?

1.	Will The Rate Rise In Case Of Gst Making It Costlier?
Answer» 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. 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»

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.

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.

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