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Chinese smartphone manufacturer Huawei has said it will marginally hike prices of its smartphones available online due to GST.
The general perception was that with the 12 percent GST rate, the tax would go up from 5.5 percent (service tax plus VAT)
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The revenue from sale of famous laddu prasadam of Tirumala would be exempted from GST, but the Tirumala Tirupati Devasthanam will have to pay GST on all raw materials for preparation of the laddus.
Finance Minister Arun Jaitley also played down concerns that higher headline rates would inflate the tax burden on consumers
Developers think the final rate of GST would be the answer to what actual benefits of the reduced tax burden may be passed on to the property buyers