I think the old products will have to clear out with MRP.. new products manufactured after July 1st will have a lesser product price which wont have manufacturing and transport tax but only have GST thats it .. that could make the product less cheaper..
tax is calculated at invoice stage. At this point in time, prices will reduce only if tax reduced...
Yeah if at all the MRP(only the making price of product) without tax from manufacturer is mentioned reduced than we can see a reduced price within some months.. then baniyas also cannot rip any benefit out of it too.. and here the manufacturer competition will also increase if they dont reduce the price ASAP to stay in the market..
It should be...tax percentage marely goes down by 4-5%..our regular product are within 2/3 digit range ..so it's hard for us to differentiate situation...but small changes throughout large market will save plenty of money also on large orders considerable change can be seen...all opposition drama going to expose soon..
Nope. That is not legal.
In a state which is being 'managed' from a Bangalore jail, what else can you expect?
earlier too they were paying only octroi, agricultural income has no tax..
That was I guess restricted to only farmers not the whole sale and retailers and middle man. But I hope there something happens that these middlemen's share goes down. And that share gets to the farmer.
Anti profiteering law might kick in to take care of this but Indians are survivors, they will even find loopholes in very sophisticated system like GST.
