Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Times of India

NEW DELHI: For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.

Alarmed and unconvinced,..."/>
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-The Times of India

NEW DELHI: For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.

Alarmed and unconvinced,..." />
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.<br /><br />Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit being referred to will be on taxes paid on the purchase of ACs and furniture used in the service providers' offices.<br /><br />In the fast few days, banks have informed consumers that the tax burden on credit card bills will increase from 15% to 18% from July. Similarly, telecom companies have said that monthly bills will rise as the gains from input tax credit will not be be significant. The only exception is state-owned Bharat Sanchar Nigam Ltd.<br /><br />&quot;Tariff will not be changed in the GST era. They will be maintained. They should remain at the same level,&quot; the loss-making company's chairman Anupam Shrivastava told TOI.<br /><br />In fact, citing financial stress in the sector, companies such as Idea and Airtel have pitched before an inter-ministerial group that telecom should be treated as an essential service and face a lower GST of 5% or 12%, instead of the current 18%. When the rates were decided last month, the government had said that the overall burden will not rise given that input credit will be available to companies. It had pointed to the telecom sector to argue that cost will reduce by 3%.<br /><br />Insurance companies too have told policyholders that tax burden will push up the premium, with the maximum impact will be on pure term insurance plans, where the levy will rise from 15% to 18%. So, if your annual premium for a Rs 1 crore term plan works out to Rs 25,000, GST will result in a tax burden of Rs 4,500, compared to Rs 3,750 currently. the impact will be lower for Ulips, where insurers charge a fund management fee and mortality charges. If your premium is, say, Rs 10,000 a year you currently pay Rs 75 as service tax, and GST will push up this liability to Rs 90. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms" title="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.<br /><br />Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit being referred to will be on taxes paid on the purchase of ACs and furniture used in the service providers' offices.<br /><br />In the fast few days, banks have informed consumers that the tax burden on credit card bills will increase from 15% to 18% from July. Similarly, telecom companies have said that monthly bills will rise as the gains from input tax credit will not be be significant. The only exception is state-owned Bharat Sanchar Nigam Ltd.<br /><br />&quot;Tariff will not be changed in the GST era. They will be maintained. They should remain at the same level,&quot; the loss-making company's chairman Anupam Shrivastava told TOI.<br /><br />In fact, citing financial stress in the sector, companies such as Idea and Airtel have pitched before an inter-ministerial group that telecom should be treated as an essential service and face a lower GST of 5% or 12%, instead of the current 18%. When the rates were decided last month, the government had said that the overall burden will not rise given that input credit will be available to companies. It had pointed to the telecom sector to argue that cost will reduce by 3%.<br /><br />Insurance companies too have told policyholders that tax burden will push up the premium, with the maximum impact will be on pure term insurance plans, where the levy will rise from 15% to 18%. So, if your annual premium for a Rs 1 crore term plan works out to Rs 25,000, GST will result in a tax burden of Rs 4,500, compared to Rs 3,750 currently. the impact will be lower for Ulips, where insurers charge a fund management fee and mortality charges. If your premium is, say, Rs 10,000 a year you currently pay Rs 75 as service tax, and GST will push up this liability to Rs 90. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms" title="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms">click here</a> to read more. <br /></div>                                                           
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NEW DELHI: For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.

Alarmed and unconvinced,..."/>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>For some days now, several service providers &mdash; from insurance and banking to telecom and hotels &mdash; have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.<br /><br />Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit being referred to will be on taxes paid on the purchase of ACs and furniture used in the service providers' offices.<br /><br />In the fast few days, banks have informed consumers that the tax burden on credit card bills will increase from 15% to 18% from July. Similarly, telecom companies have said that monthly bills will rise as the gains from input tax credit will not be be significant. The only exception is state-owned Bharat Sanchar Nigam Ltd.<br /><br />&quot;Tariff will not be changed in the GST era. They will be maintained. They should remain at the same level,&quot; the loss-making company's chairman Anupam Shrivastava told TOI.<br /><br />In fact, citing financial stress in the sector, companies such as Idea and Airtel have pitched before an inter-ministerial group that telecom should be treated as an essential service and face a lower GST of 5% or 12%, instead of the current 18%. When the rates were decided last month, the government had said that the overall burden will not rise given that input credit will be available to companies. It had pointed to the telecom sector to argue that cost will reduce by 3%.<br /><br />Insurance companies too have told policyholders that tax burden will push up the premium, with the maximum impact will be on pure term insurance plans, where the levy will rise from 15% to 18%. So, if your annual premium for a Rs 1 crore term plan works out to Rs 25,000, GST will result in a tax burden of Rs 4,500, compared to Rs 3,750 currently. the impact will be lower for Ulips, where insurers charge a fund management fee and mortality charges. If your premium is, say, Rs 10,000 a year you currently pay Rs 75 as service tax, and GST will push up this liability to Rs 90. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms" title="http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms">click here</a> to read more. <br /></div>                                                           
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Telecom to banking, most services to be costlier with GST -Sidhartha & Pankaj Doval

Published on Jun 23, 2017   Modified on Jun 23, 2017

-The Times of India NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit being referred to will be on taxes paid on the purchase of ACs and furniture used in the service providers' offices. In the fast few days, banks have informed consumers that the tax burden on credit card bills will increase from 15% to 18% from July. Similarly, telecom companies have said that monthly bills will rise as the gains from input tax credit will not be be significant. The only exception is state-owned Bharat Sanchar Nigam Ltd. "Tariff will not be changed in the GST era. They will be maintained. They should remain at the same level," the loss-making company's chairman Anupam Shrivastava told TOI. In fact, citing financial stress in the sector, companies such as Idea and Airtel have pitched before an inter-ministerial group that telecom should be treated as an essential service and face a lower GST of 5% or 12%, instead of the current 18%. When the rates were decided last month, the government had said that the overall burden will not rise given that input credit will be available to companies. It had pointed to the telecom sector to argue that cost will reduce by 3%. Insurance companies too have told policyholders that tax burden will push up the premium, with the maximum impact will be on pure term insurance plans, where the levy will rise from 15% to 18%. So, if your annual premium for a Rs 1 crore term plan works out to Rs 25,000, GST will result in a tax burden of Rs 4,500, compared to Rs 3,750 currently. the impact will be lower for Ulips, where insurers charge a fund management fee and mortality charges. If your premium is, say, Rs 10,000 a year you currently pay Rs 75 as service tax, and GST will push up this liability to Rs 90. Please click here to read more.

The Times of India, 23 June, 2017, http://timesofindia.indiatimes.com/business/india-business/phone-bills-to-banking-most-services-to-be-costlier-with-gst/articleshow/59277209.cms

Tagged with: Goods and Services Tax Goods and Services Tax (GST)

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