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How GST Affects Your Love Life?

IndianMoney.com Research Team |
Thursday, June 29, 2017, 7:05 PM

How GST Affects Your Love Life?

 

 "To love is nothing. To be loved is something. But to love and be loved, that’s everything."

There's something romantic about taking your beloved for a walk at night. The cool breeze brushing against your face, as you take a walk beside her. If you are more adventurous, you can always take a walk on the promenade by the seaside in your city. Just like romance, GST too has a sense of occasion. GST is being launched across India at midnight on June 30th in a grand midnight function. Talk about romance.....

You must be keen to know if GST would have an impact on your love life. If you are not, then maybe your beloved wants to know. Would your dinner date be more costly after GST? Would the movie date with your beloved be more costly after GST? What about the cost of that romantic getaway date after GST?

So many questions, but so few answers. Let's find out if GST has any impact on your love life. Want to know more on tax planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice / education to ensure that you are not mis-guided while buying any kind of financial products.

 

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The Effect Of GST On Your Love Life

 

1. Impact of GST on your dinner date

 

What do young couples in love do? They go on a dinner date of course. If you love to take your date to a mid-market or a luxury restaurant, then there's good news for you....GST on five-star and luxury hotels has been reduced to 18% from 28%.

An 18% GST will be charged on hotel rooms with a tariff between INR 2500 to INR 7500. Currently on hotel room tariffs between INR 2500 to INR 7500, a tax of around 21% is charged. The 3% tax discount would mean a cheaper dinner date.

Take your date to a five-star hotel after GST and enjoy your meal.

 

2. Impact of GST on your movie date

 

Do you and your beloved love those romantic moments in  single-screen theatres? You simply can't miss the old World charm of single-screen theatres? There's good news for you. The Government has reduced GST on movie tickets below INR 100 from 28% to 18%. This is what you normally pay for that movie ticket in single-screen theatres. Tickets in most multiplexes cost more than INR 100 where the GST rate is set at 28%.

Have you planned that movie date in a single-screen theatre? After GST make sure you do.

 

3. Impact of GST on your romantic getaway

 

Planning to fly with your beloved to a romantic destination like Goa, Andaman, Agra, Gangtok or Manali? GST brings you some real good news. The GST Tax on economy class flight tickets is 5%. This has been reduced from a tax of 6% before GST. For hotel room rates below INR 1,000 there will be no tax, while for those between INR 1000 and INR 2,500, GST will be 12%. The GST on five-star restaurants has been reduced from 28% to 18%.

After GST make sure to book that romantic getaway.

 

4. Impact of GST on your cab rides

 

Love roaming with your beloved in cabs across the city? Roaming the city in cabs with your beloved just got cheaper. Cab aggregators like Ola and Uber will be taxed at 5% after GST. This is a reduction of 1% from the current 6%, which is charged on transport services.

Book a cab on any cab aggregator after GST and roam the city with your beloved.

Clearly GST is a game changer if you are going out on a date. What with dining out, cab rides and trips to romantic getaways getting cheaper? Just call your beloved and give her the good news. Your love life is taking off. Be Wise, Get Rich.

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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