If you like your dinner dates fancy and at 5-star hotels, there's good news.
The threshold for the 28 percent tax bracket has been increased to Rs. The 3 per cent tax discount will be passed on to the customers, industry insiders told
Under the GST regime that's set to roll out from July 1, if the hotel room rate is less than Rs 1,000, it would be exempt from taxes.
Cab expenses Getting around the city with your special someone in a cab is likely to get cheaper with GST kicking in.
Cab aggregators like Ola and Uber will be taxed at 5 per cent down from the current 6 per cent that's levied on transport services.
If you are in Noida, then you'd end up paying lesser than before because Uttar Pradesh's (UP) entertainment tax stands at 60 per cent currently.
If you're in Mumbai then the tax incidence would come down to 28 per cent from 45 per cent; in Bengaluru it would fall from 30 per cent.
For apparel, man-made clothes up to Rs 1,000 will attract a 5 per cent tax, lower than the existing 7 per cent; those costing above Rs 1,000, will continue to attract 12 per cent.
GST is touted as the single biggest tax reform since India's independence in 1947 and is expected to add 2 per cent to India's GDP (gross domestic product).
Even at some air-conditioned restaurants, the bills may come down, as GST will subsume service tax and value-added tax (VAT) that is currently charged.