Rekha Rawat (Ex-Employee)

With the exclusion of electricity from the GST, Indian consumers will be paying Rs 30,000 crore extra in a year as a spending on power consumption. The power producers are not able to get credit for taxes and cess paid and this can be burdensome for them.

In a trial run by GSTN (Goods and Services Tax Network), it is noticed down that around 2 lakh GST e-way bills daily generated as suggested by GSTN CEO in a report.

Resulting from the 25th GST council meeting, the government has reduced the GST rates for home and local services startups to 5% from existing 18%.

According to a poll result, the majority of economists favoured that the GST impact will not be seen before the next year and a lesser number said it might be visible soon.

The PM Narendra Modi has said that the upcoming union budget will not be the populist one and revealed that it is just a mere misconception that common man wants some freebies and sops.

In the pre-budget 2018 meeting, the finance minister Arun Jaitley discussed with state government about the current situation. The state government from Congress-led government and regional parties mentioned the revenue drop and agriculture suffering from GST implementation.

GST council meeting which is going to hold on 18 January will make a clear distinction between the products should be treated under handmade items or not.

The Reliance Jio plans in pricing the data and unlimited calls at less where benefited many consumers in providing services at lesser cost, on the other hand, have become a headache for other telecom operators as their bills slow down drastically.