General Trading Chat

[deba72]

Source - GST IMPACT ON VARIOUS SECTOR.

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...!

Can anyone please tell me whether implementation of GST would mean abolishing those inter-state border checkposts ? I do drive around the country a lot and some of these border checkposts are perpetually jammed with huge amount of truck traffic ....:annoyed:

 

[niftygupshup]

Source - GST IMPACT ON VARIOUS SECTOR.

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...!

I dont think that the source you posted, has included all sort of taxes, in current tax.
Currently the normal rate of Excise duty is 14-15%, CST 1-2%, VAT (normal rate) 5-12.5%

Yes, there will be a negative impact on service sector, as tax will be increased.

 

[niftygupshup]

Can anyone please tell me whether implementation of GST would mean abolishing those inter-state border checkposts ? I do drive around the country a lot and some of these border checkposts are perpetually jammed with huge amount of truck traffic ....:annoyed:

I dont think, these interstate checkposts will be abolished. Now they have to check the compliance of GST, whether GST has been paid on the goods being transported, or not.

 

[Blackhole]

Business Standard



Ø**India cautions traders about fraud in import-export from China

Ø**Several countries keen to participate in Smart City project: Govt

Ø**Cyrus Mistry to meet Tata group heads on Friday*

Ø**Fosun agrees to buy Gland Pharma for $1.3 bn

Ø**India should continue fiscal consolidation for better prospect

Ø**Govt may block Tata arbitration payment to Docomo

Ø**Oracle buys cloud pioneer NetSuite for $9.3 billion

*

Ø**India Inc waits for timely rollout of GST

Ø**L&T Infotech net profit grows 34.9% y-o-y in Q1 FY17

Ø**Legal panel allows Vijay Mallya to head United Breweries

Ø**Zen Technologies bags order from Egypt's Defence Ministry

Ø**Eicher Motors Q1 net up 59% at Rs 376.29 crore

Ø**GSK Pharma Q1 net down 23% at Rs 72.27 crore

Ø**Japan says MIP on steel products violates WTO rules


Business Line


Ø**RBI eases norms for individual investor’s access to G-Sec market

Ø**Investors prefer balanced funds to equity: AMFI data*

Ø**Coal linkages: captive power segment comes to CIL’s rescue*

Ø**IDFC in talks with RBI to enhance shareholder value*

Ø**Centre asks States to offer power to industries at fixed rates


Mint


Ø**Bank strike on Friday, services may be affected

Ø**NPCIL seeks new bids for Gorakhpur nuclear power plant

Ø**MOIL fixes 8 August as record date for share buyback

Ø**FTIL claims Rs21 crore as immediate expenses in Bombay high court

Ø**Kesoram Industries may infuse Rs600 crore as capex

Financial Express***************

Ø***Sensex climbs 184 points on F&O expiry, GST optimism; Nifty settles at 8,666

Ø**US trade, inventory data pose downside risk to Q2 GDP

Ø**BRICS discusses ways to increase cooperation in services, MSME

Ø**Ceat Q1 net profit dips 17% to Rs 93 cr

*

Financial Chronicle

Ø***

Ø**PNB profit more than halves to Rs 306 cr in Q1

Ø**Green bond issuances to top $75b in 2016: Moody's

Ø**Sunil Munjal to step down from Hero MotoCorp board

Ø**Single window for startups to resolve grievances⁠⁠⁠⁠

 

[Smart_trade]

ST Da,
For positionals, is it better to hold a series till the last or change to next series sometime during the last week?

I normally shift one day before the expiry.That allows time for brokers terminal issues,net disconnection, power failure etc

Smart_trade

 

[Smart_trade]

New high in Shriram Transport Finance. It could be a beneficiary of goods movement due to GST passing and economy picking up.

Smart_trade

 

[niftygupshup]

waiting for a dip, if NF unable to hold 8680

 

[pareshR]

New high in Shriram Transport Finance. It could be a beneficiary of goods movement due to GST passing and economy picking up.

Smart_trade

ST Sir GST impact on our brokerages and other taxes?

 

[Smart_trade]

ST Sir GST impact on our brokerages and other taxes?

Concentrate on earnings which will increase much more....brokerage and other taxes no immediate impact.

ST

 

[wisp]

Channel, we are also in yesterday's range of this series Nifty