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Budget 2019 – a tough balancing act


THE Finance Minister has set the record straight on the rate that the government intends to impose upon the re-introduction of the Sales and Service Tax (SST) in place of the Goods and Services Tax (GST) come Sept 1.

At the rate of 10% for Sales Tax and 6% for Service Tax, the rate is no different than what was imposed previously under the SST regime. In addition, the Minister also clarified that the Sales Tax applicable to selected manufactured or imported products will have two different rates of 5% and 10% for different products while the Service Tax of 6% applies to selected services and not all services as per under the GST regime.

Economy , Pankaj , SST , Government , finances

   

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