QUOTE(wassap @ Mar 18 2015, 12:56 PM)
Dear Sir, kindly get your facts correct before coming here and shoot all you want.
Do you know that for manufacturing, you can claim back the GST for uniforms, electricity and things that you incur in the furtherance of your business. Please do not mislead people. I am not saying price will not go up. There will be traders who will increase the price due to their ignorance. People like you for instance will surely raise up the price when in actual fact GST is not an expense for a gst registered company but merely a cash flow issue if it is not managed properly.
And FYI insurance premium already has 6% service tax for now. what difference does it make when GST kicks in? for developer ( i assume other property other than residential houses) can claim back the GST incur. It seems to me that you do not understand GST so please save yourself and go read up instead of complaining and whining.
Only general insurance have the 6 percent taxDo you know that for manufacturing, you can claim back the GST for uniforms, electricity and things that you incur in the furtherance of your business. Please do not mislead people. I am not saying price will not go up. There will be traders who will increase the price due to their ignorance. People like you for instance will surely raise up the price when in actual fact GST is not an expense for a gst registered company but merely a cash flow issue if it is not managed properly.
And FYI insurance premium already has 6% service tax for now. what difference does it make when GST kicks in? for developer ( i assume other property other than residential houses) can claim back the GST incur. It seems to me that you do not understand GST so please save yourself and go read up instead of complaining and whining.
Not the life insurance