If you are thinking from the onset, “oh well, this is stale”, then my urge to share the hilariousness that GST has spawned, rebukes your opinion.
GST, better known as Goods and Service Tax, has been set on the principle of “one nation, one tax, one market”. Constantly bogged down in debates since its first proposal in 2003, GST finally hit the nation on July 01, 2017. More than 1200 products from your regular morning tea to vehicles have been placed under four broad categories of taxes, with health, education services and unbranded products being exempted.
While GST won’t be all that bad for the vast digital marketing world, a little setback is however expected to be seen on the advertising industry after it had fallen under the additional 6% tax, called equalization levy, earlier last month for transnational entities like Google, Twitter or Facebook. The issue can however be sorted through some readjustment in the interim strategies especially in this preliminary stage of the tax roll-out and if after all you still struggle with the tax rate you can always try out the portugal golden visa tax.
Let’s meanwhile have a peep into what all has been put out about the noble venture made by the Indian Finance Minister, on social media –
- The P.M. be like, it’s a “Good & Simple Tax”, what part do you not understand –
— डी.के. (@itsdhruvism) June 30, 2017
- Meanwhile Mr. Jaitley be like –
Bolega yeh.. gaali mujhe milegi. 😒 pic.twitter.com/yKqNApVCKW
— Godman Chikna (@Madan_Chikna) December 31, 2016
- The Grand welcome –
— Aficionado Babu 🔥 (@GaurangBhardwa1) June 30, 2017
- With a 28% GST applicable on Beauty parlor and restaurant services, husbands must keep reminding their wives that they are naturally beautiful –
- In India, even the “well-to-do” people cannot do all well –
- Not all that bad after all, huh?
- Ache din!!!! Really???
AC restaurant – 18%
Non AC restaurant – 12%
Be prepared to wipe your sweat with your tandoori naan.
— Gabbbar (@GabbbarSingh) June 30, 2017
- Apt reply or what?
Asked dad what is this #GST and how will it impact us ? Dad told me “You don’t have to worry. It is only for those who have money to spend”
— Abhishek Bachchan (@juniorbacchhan) June 21, 2017
- As the shining opportunity for all CAs is here, others be like –
— Sagnik Misra (@Sangy_Sagnik) June 30, 2017
- No comments**
- People with no money to spend be like
— मार्क वाह! (@MarkWaah) June 30, 2017
Read and enjoy the above, but do let us know what your take on GST in the comment’s section. Seriously, if you have made a New Year like countdown for GST (‘cause I have) and have more to express than a comment can hold, you can send us your piece too.