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GST - Goods and Services Tax has finally rolled out in India Starting today July 01, 2017. This completely change the way taxes are being imposed on sale of Goods and Services at various outlet, Banks, Hotels, Cinema, Shopping Malls and various other places. The Best part of GST is you will get hit everywhere you go for shopping or a service and it will very much hit your Monthly Budge. We at Raptchik, trying to bring few items which will be showing significant impact on your budget and are of regular use.
Automobiles :
If you are planning to buy a car, then definitely you will be shelling out more money from your pocket. Cars are falling under 28% tax bracket, but if you are planning to buy electric Vehicles then you may get vehicles at cheaper price due to 12% tax slab. If you think, its only Cars price goes up then you are wrong, both accessories and spare parts are also falling under 28% slab which means you have to pay more for your Servicing too..! A direct 10% hike in price of your dream Car.
Electronics :
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