GST Impact on stocks

By | August 3, 2016

The Goods and Services Tax Bill or GST Bill, officially known as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, proposes a national Value added Tax to be implemented in India.

 

1) BANKS – Current service tax 15% know after GST 18% Negative.

2) CONSUMER STAPLES current tax rate 22% know after GST it’s 18% .
Positive for – Asian paints,Dabur,HUL,EMAMI
NEGATIVE for ITC & UNITED BEVERIES.

3) CONSUMER DISCRETIONARY current 15% after GST 18%
NEGATIVE for Jubilant Food works,Coffe Day ,& Restaurant Businesses.

4)MEDIA – current Tax 15% service tax and 7% entertainment Tax by State’s know After GST it will be 18%
POSITIVE for DISH TV, VIDEOCON D2H, BIG TV,

5) TELECOM current Tax 15% After GST 18% may see marginal dip in consumption as tax rise from 15% to 18%

6)AUTO INDUSTRIES current Tax 27% after GST it will be 18% .
POSITIVE for M&M, MARUTI,BAJAJ AUTO , EICHER MOTORS,ASHOK LEYLAND .

7)METALS – current TAX 18% after GST 18% no major impact

8) CEMENT – current Tax 27% altogether after GST it will be 18%
POSITIVE for Ultra tech cement,shree cement,ambuja cement etc.

9) PHARMA – current Tax 15% after GST it will be 18% .
NEGATIVE for Pharma companies.

10) REAL ESTATE – 15% to 16% Stamp duty so no major impact on REAL ESTATE companies.

11) LOGISTICS – majorly benefits to logistics sector no impact of GST
POSITIVE for – Container Corp, GATI etc…

 

Sent by Ruchir, Reader of the Blog

4 thoughts on “GST Impact on stocks

  1. ashok kumar

    Nifty close below 8577 bearish(initiated),so let’s wait.

  2. vijay

    Don’t worry. Square off early morning. Dont wait.

  3. ashok kumar

    Markets will increase tomorrow??went short at closing today 🙁

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