• twitter-icon
Unlimited Tax Return Filing


Exact Minute Effect of GST from Midnight June 30

In a very weird situation of GST which will be implemented very soon and to be precise in 11 hours from now, there are various places in our daily life where the GST will take a complete turnover in a matter of a minute. This minute a person is paying and relieving a different tax scheme and from another minute the complete story changes, into a new one.

Some of the first sectors which will be affected by the implementation of GST on the midnight of June 30 and will be affecting the pockets of the consumers on that very same minute. Those include:

Restaurants

While many people will be enjoying their treats in many hotels and restaurants having their dinner on the table right before the implementation of GST, there will be the sudden impact on the bills of food and orders mentioned. The bill generated after the midnight 12 o clock will be different of that earlier than midnight. The ripples will be across the nation and the current 6 percent VAT and service tax will take a form into GST into the billing.

Recommended: Top 5 GST Billing Software for Small Business Owners in India

Taxi Services

Many of the population will be booking the taxi services close to the midnight hour, but it will also make a change in the billing in few minutes for them. One person booked a taxi in the 23th hour of Juen 30 will get a bill change when he will be paying the bill amount after deboarding the taxi in 1st July after the midnight.

Hotel Stay

The hotels will also be charging according to the newly implemented GST from midnight that means a check out after the 12 o clock on June 30 will b charged according to the new GST rates. While the case for advance payments will be different with no GST applied.

Online Shopping

All the online shopping will be subject to change in bills generated after the midnight June 30. As the GST will be applicable on the online sales, it is suggested that the items getting expensive after the GST should be ordered before the midnight of June 30 and must be checked out also.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Super Tax Offer

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Big Offer for Tax Experts

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates