JIO Effect after GST Launched. (Goods & Service Tax)

Welcome Guys, Finance Minister Arun Jaitley and comprising representatives of all states which is tasked to fix tax rates on various goods and services, has decided that telecom services will attract tax rate of 18 per cent, three percentage points higher than the current 15 per cent services tax. The industry's hue and cry over a meager 3 per cent hike seems to be out of place. Since the entry of Reliance Jio last September, the sector has undergone a complete transformation. The tariffs for data usage have fallen to rock-bottom levels for all operators whereas voice calls are now free for not just Reliance Jio customers but also most postpaid customers of Airtel, Vodafone India and Idea Cellular. In response to Jio, the company is offering 3 GB of 3G/4G data, unlimited voice calling (local, STD, and incoming roaming) and 100 national and local SMS per day for just Rs 499. For customers who's currently paying 15 per cent service tax on Rs 499, that is Rs 74.85 tax, will not mind paying Rs 15 extra because in the larger context, they are now paying substantially less for their postpaid plan - Rs 700 To subscribe - https://www.youtube.com/channel/UC8z94yDeWCRlZbgIr8Lqmow To see my all videos - https://www.youtube.com/user/Madhuanu88/videos?sort=dd&view=0&shelf_id=0 Go to my Channel - https://www.youtube.com/c/MADHUSUDANGIRI Go to my Facebook Page - https://www.facebook.com/MS-for-U-321376331652961/ Follow me on Twitter - https://twitter.com/Madhuanu88 Follow me on Instagram - https://www.instagram.com/madhusudangiri/?hl=en Contact me – [email protected]