The Goods and Services Tax (GST) will roll out in India on July 1, 2017. This should have a massive impact on the charges of smartphones, all different electronic items, software, and IT services in India. To discover whether the prices of smartphones and other gadgets will continue upward thrust after GST rolls out in India, we contacted a tax professional. On this episode of Orbital, Preeti Khurana, a CA who works with ClearTax, joins host Pranay Parab to speak approximately the impact of GST on tech services and products in India.
We begin by speaking about the fundamentals – what GST is and the taxes it replaces in India. Khurana explains how this impacts companies in India and what they could do to make certain that they are following GST norms in India. GST norms are complicated, and this episode features a smooth-to-comply rationalization of the most vital changes GST will result in.
The dialogue quickly moves to the impact of GST on people interested in shopping for gadgets, software, and IT offerings. Will prices of devices boom? What will you need to shell out much less cash for? Khurana solutions all of these questions. If you’ve been questioning whether you have to pay GST even if you are promoting a vintage phone on-line or offline, this episode answers that question properly. We even study gray regions, such as if someone initiates a transaction over chat apps, including WhatsApp.
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Finally, we speak about the effect of GST on e-commerce websites, which includes Flipkart and Amazon and communicate about how the brand new taxation norms impact small outlets. Will you be capable of shopping money shopping offline, or will reductions on-line be too tempting to withstand? We solution those questions and greater.
That’s serious about this week’s Orbital episode, which you can join through Apple Podcasts or RSS, or just pay attention to this episode by hitting the play button beneath.
Today, no one can imagine a life without electronic gadgets. These gadgets have so many uses and perform several functions. Often these gadgets are available in different and latest designs. There is a wide variety of gadgets, including smart phones, music players, home appliances, and more. These gadgets work with technology and are quick in their work. Most of them are easy to use and clean. The ease of using these gadgets make us dependent on them. Most of the time, we feel helpless without these gadgets.
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Some indispensable home appliances include fans, Air conditioners, vacuum cleaners, and more, without which we cannot imagine our lives today. With advancements in technology, several new gadgets have entered the market, which has made human beings’ work much easier than before. Owing to this, modern gadgets have become part and parcel of our lives, and we can’t think of living without them for even a day.