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Do not miss the woods for the trees!
Most people get distracted by attention-grabbing items.
In health, the focus is on āhow to build biceps fasterā or āwhich protein shake to take,ā instead of making complete lifestyle changes. Thatās why most remain unhealthy.
Inā¦
If you are wondering, why insurance firms wanted a zero GST tax rate (and not an exempt status) then look no further than the false input tax credit scam.
This PIB release pib.gov.in/PressReleseDet⦠tells you one part of the story. How 16 companies availed Rs 824 crore of ITC forā¦
Producer of #TheBengalFiles, Pallavi Joshi, writes an open letter to the President of India:
URGENT APPEAL:
Your Excellency, @rashtrapatibhvn,
"As Producer of #TheBengalFiles, I am pained that multiplex chains in Bengal have refused the filmās release under political pressureā¦
GDP growth 7.8% for Q1
Income tax cut followed by GST cuts & reforms
Repo rate cut & CRR cuts
Yet market response is lukewarm and FPIs continue to sell and be 92% short.
Equity markets can test your patience.. these steps are structural. Sooner or later markets will respond.
NBFCs commentary post GST rate cut
Bajaj Finance: GST rate cuts will have significant positive momentum on the business
Shriram Finance: Expected 15% growth in Q3 but now may be able grow at 17-18% due to GST rate cut
A friend called me to say I was sounding too bullish at the GST cuts.
Please see this insight from one of the most respected marketing professionals of India, Shri R S Sodhi ji, @Rssamul
Just in the dairy segment, consumers save Rs 11,400 crores p.a. due to the GST cuts.ā¦
Some key take away from the BIG GST reform that will benefit the common man.
- GST is exempted on all the life insurance polices (ULIP, Money Back, Endowment etc) & Health Insurance Policies. Your policy premiums should fall by 10%
- Small cars GST is reduced from 28% to 18%ā¦
Most of the Media is misreporting on #GST on Automobiles
Effectively only for 350 CC plus Bikes the GST goes up
Where it's being reported that GST is increased from 28% to 40% please remember there was a Cess also which has gone
So even all larger cars will see a reduction ofā¦
One of the biggest positives in this GST announcement is individual health and life insurance will now have no GST
GST rates on individual life and health insurance have been brought down from 18% to 0
This comes as a HUGE relief and will help in penetration of insurance intoā¦
Its not only small cars that have been moved from 28% to 18% but Mid & Big cars also benefit from the GST cuts,
(1) Some cars were at 28% GST + 1% Cess = 29% which move to 18% total with no cess
(2) Some cars were at 28% GST + 15% Cess = 43% which move to 18% / 40%
(3) Some carsā¦
GST slab consolidation and rate rationalization is āek teer kai nishaanā
-Lowers inflation
-Increases growth
-Boosts consumer sentiment, -doesn't disturb path of fiscal consolidation
-Improves ease of doing business and
-Partially offsets adverse effects of Unfair US tariffs.ā¦
Income tax cut ,GST cuts and reforms , Liquidity infusion n rate cuts by RBI. Thank u
Now I appeal to EVERYONE to file taxes n report revenues honestly.
Entrepreneurs, traders, CAs individuals - letās reduce cash n formalise gradually over time n contribute to nationā¦
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