GST confusion in Mysuru: While some conduct business with GST, others do business as usual
News

GST confusion in Mysuru: While some conduct business with GST, others do business as usual

July 2, 2017

Mysuru: The confusion over the newly-implemented Goods and Services Tax (GST) in the country can be seen in Mysuru too, with many traders seeking the help of Chartered Accountants to understand GST.

While most of the malls, hotels, medical stores and other business establishments are giving bills by implementing  GST, which included Central GST and State GST, some traders are selling their existing stock at old rates and old method as they are yet to get clarity on GST.

Following the implementation of GST, some theatre owners have hiked the cost of cinema tickets. While multiplexes in city have hiked the cost of tickets by Rs. 20, some theatres have increased the price by Rs. 10-20. A theatre Manager said that as they have not received any clear direction, they are  imposing 18% GST.

Hotels were seen charging 6%, 9% and 12% GST to their customers and were ggiving billsaccordingly.

Mysuru Hotel Owners Association President C. Narayanagowda said that restaurants, which have a turnover of over Rs. 20,000 a day, have been charging 12% under CGST and SGST in their bills and added that there would be clarity on the bills in a fortnight.

Though taxes on insulin, anti-rabies injections and other life-saving drugs have been reduced by 0.5%, taxes on more than 70% of various drugs have been hiked from the existing 5.5% to 12%, tax on cosmetics has been increased from 14.5% to 28% resulting in shopkeepers stopping giving discounts on MRP temporarily.

Most of the medical stores were also giving bills by implementing GST.

READ ALSO  Nirmala Sitharaman in Mysuru

A trader said that confusion is common whenever a new system is implemented and hoped to get clarity on GST in about four days. He said that the GST would help in the development of the country and urged the public to co-operate.

ONE COMMENT ON THIS POST To “GST confusion in Mysuru: While some conduct business with GST, others do business as usual”

  1. Vinayak says:

    Technology has the solution for all the GST confusions . Pristine inventory and POS integrates new tax system,inventory,stock and point of sale. For details visit Pristinesofts products

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]