{"id":249,"date":"2017-06-14T17:58:45","date_gmt":"2017-06-14T17:58:45","guid":{"rendered":"http:\/\/jpelectricalcompany.com\/blog\/?p=249"},"modified":"2017-06-14T17:58:45","modified_gmt":"2017-06-14T17:58:45","slug":"gst-may-push-up-electrical-goods-prices-by-10-to-15","status":"publish","type":"post","link":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/","title":{"rendered":"GST may push up electrical goods\u2019 prices by 10% to 15%"},"content":{"rendered":"

Traders bodies say 28% rate on such items will hit business<\/h2>\n
\n

The selling prices of electrical goods may increase by 10-15% after the implementation of Goods and Services Tax (GST) affecting traders and customers, according to traders. Under the GST, electrical goods will be taxed at 28% as it has been classified as a luxury item.<\/p>\n

\u201cElectrical goods is not a luxury item, but an essential one,\u201d said Hukmichand Shah, the president of 75-year-old Madras Electric Trades Association (META). \u201cTaxing it at 28% will make it difficult for traders to survive and sustain. While the electrical raw materials are taxed at 18%, the finished goods is placed in the highest tax bracket of 28%.\u201d<\/p>\n

\u201cThe increase in operating cost and selling price is likely to have a cascading effect affecting both the small and medium traders and customers.<\/p>\n

The Centre should consider the tax implication it might have on the end customers,\u201d said Mr.Shah, who also heads the Federation of Electrical, Electronics and Engineering Trade Association of Tamil Nadu.<\/p>\n

\n
\n
\n\n\n\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

META has about 1,800 members in Tamil Nadu alone accounting for a consolidated turnover of \u20b92,000 crore. Surendra Vyas, general secretary, META said they were not opposed to the implementation of GST but the manner in which it was imposed.<\/p>\n

\u201cThere are several anomalies in the GST as far as electrical goods industry is concerned that has to be addressed on priority basis,\u201d he said.<\/p>\n

\u201cThis is not a peculiar problem for those in Tamil Nadu alone. My counterparts in New Delhi, Mumbai and Kolkata have already sounded the Centre about the anomalies in the rate. Memoranda have been sent to the Union Finance Minister, Finance Secretary and State Finance Minister,\u201d Mr. Shah said.<\/p>\n

Original Source: http:\/\/www.thehindu.com\/business\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/article19029761.ece#<\/p>\n

Original Author: Special Correspondent<\/p>\n

Original Date: June 13, 2017<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of Goods and Services Tax (GST) affecting traders and customers, according to traders. Under the GST, electrical goods will be taxed at 28% as it has been classified as a luxury…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-249","post","type-post","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nGST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical<\/title>\n<meta name=\"description\" content=\"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical\" \/>\n<meta property=\"og:description\" content=\"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog | J&P Electrical\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-14T17:58:45+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/#\\\/schema\\\/person\\\/09b39b36cf3cb78fb54b9d390c4f8b39\"},\"headline\":\"GST may push up electrical goods\u2019 prices by 10% to 15%\",\"datePublished\":\"2017-06-14T17:58:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/\"},\"wordCount\":304,\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/\",\"url\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/\",\"name\":\"GST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/#website\"},\"datePublished\":\"2017-06-14T17:58:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/#\\\/schema\\\/person\\\/09b39b36cf3cb78fb54b9d390c4f8b39\"},\"description\":\"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/uncategorized\\\/gst-may-push-up-electrical-goods-prices-by-10-to-15\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GST may push up electrical goods\u2019 prices by 10% to 15%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/\",\"name\":\"Blog | J&P Electrical\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/#\\\/schema\\\/person\\\/09b39b36cf3cb78fb54b9d390c4f8b39\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/www.jpelectricalcompany.com\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical","description":"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/","og_locale":"en_US","og_type":"article","og_title":"GST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical","og_description":"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.","og_url":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/","og_site_name":"Blog | J&P Electrical","article_published_time":"2017-06-14T17:58:45+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/#article","isPartOf":{"@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/"},"author":{"name":"admin","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/#\/schema\/person\/09b39b36cf3cb78fb54b9d390c4f8b39"},"headline":"GST may push up electrical goods\u2019 prices by 10% to 15%","datePublished":"2017-06-14T17:58:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/"},"wordCount":304,"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/","url":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/","name":"GST may push up electrical goods\u2019 prices by 10% to 15% - Blog | J&P Electrical","isPartOf":{"@id":"https:\/\/www.jpelectricalcompany.com\/blog\/#website"},"datePublished":"2017-06-14T17:58:45+00:00","author":{"@id":"https:\/\/www.jpelectricalcompany.com\/blog\/#\/schema\/person\/09b39b36cf3cb78fb54b9d390c4f8b39"},"description":"GST may push up electrical goods\u2019 prices by 10% to 15% - Traders bodies say 28% rate on such items will hit business The selling prices of electrical goods may increase by 10-15% after the implementation of- Read up on some news and events occurring in the electrical component industry.","breadcrumb":{"@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/uncategorized\/gst-may-push-up-electrical-goods-prices-by-10-to-15\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.jpelectricalcompany.com\/blog\/"},{"@type":"ListItem","position":2,"name":"GST may push up electrical goods\u2019 prices by 10% to 15%"}]},{"@type":"WebSite","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/#website","url":"https:\/\/www.jpelectricalcompany.com\/blog\/","name":"Blog | J&P Electrical","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.jpelectricalcompany.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.jpelectricalcompany.com\/blog\/#\/schema\/person\/09b39b36cf3cb78fb54b9d390c4f8b39","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c6d1ab06885af1024bda2febce37193e7da56b102e12fe7dc44a8765376368c1?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.jpelectricalcompany.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/posts\/249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/comments?post=249"}],"version-history":[{"count":1,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/posts\/249\/revisions"}],"predecessor-version":[{"id":250,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/posts\/249\/revisions\/250"}],"wp:attachment":[{"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/media?parent=249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/categories?post=249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpelectricalcompany.com\/blog\/wp-json\/wp\/v2\/tags?post=249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}