Is Cement a Luxury or Sin Good?
Headline in Indian Express today:
“Two-wheeler ‘category neither a luxury nor a sin good ... merits rate revision’: FM”
FM is requested to consider rate revision for following goods & services also which are neither Luxury or Sin goods or services:
1. Cement present GST rate 28% should be reduced to 5%.
2. Cooperative Housing Society providing convenience to members as per concept of Mutuality upheld by Supreme court.
Present GST rate 18% above monthly contribution per member of Rs.7500 should be fully exempted.
3. Cable TV present rate 18%. TV is viewed by poor people also and is not a luxury should be exempted from GST. more
“Two-wheeler ‘category neither a luxury nor a sin good ... merits rate revision’: FM”
FM is requested to consider rate revision for following goods & services also which are neither Luxury or Sin goods or services:
1. Cement present GST rate 28% should be reduced to 5%.
2. Cooperative Housing Society providing convenience to members as per concept of Mutuality upheld by Supreme court.
Present GST rate 18% above monthly contribution per member of Rs.7500 should be fully exempted.
3. Cable TV present rate 18%. TV is viewed by poor people also and is not a luxury should be exempted from GST. more
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Can the local Circles take this issue up with the government please so that TV and society charges above Rs.7500/- are not taxed. Why should the society be taxed? Are they doing business so that GST should be charged. This case is one of cheating the people of India more
Aug 28
Mr. Mohit Pande's view is fully correct. TV and Cement are luxuries while two wheeler is not! What logic is this, nobody can understand! more
Aug 27
Feel the suggestion given by Mr. Pande is fully justified. In addition to Cement, Co-op. Society, Cable/Dish TV, I suggest GST rate of Mediclaim Insurance Premium also should be reduced from 18% to 2.27% like life insurance premium. This is now a huge hardship for senior citizens who survive only on interest income. Request Local Circles to take it up with Finance Ministry. more
Aug 27
Under ideal conditions, taxation in all forms must be done in proportion to the person's economic status / annual earnings. The uniform rate of taxation like GST, and even fees charged by private hospitals, is what is causing severe imbalance in the social-economic status of the citizens. This issue needs to be given a fresh look by the government. more
Aug 26
yes. govt is thinking loss of huge revenue on cement if it is reduced , I hope Ambani and Adani are not in cement business, If they jump in this sector then you can expect the GST rate of 5% more
Aug 26
