Join Neel as the new tax regime threw up many surprises for him on a usual day
The shopping bags were getting heavier. Yet Neel had no reason to complain. He was in fact beaming. Shopping was never this fun or rather satisfying. Neel picked up anything and everything he could lay his hands on. Books, clothes, footwear, household necessities, grains, pulses, cereals, beauty and health care products and the list refused to end. All he knew — it was raining “The GST sale”.
He remembered trying to grab the last piece of scented designer after-shave, when he was suddenly jolted out of his slumber and found himself on the floor of his room. “Darn it had to be dream!!” he mumbled before he began getting ready for the day ahead.
He only hoped that at least a fragment of his short-lived dream would come true and that the much hyped and most-awaited GST would help him heave a sigh of relief by bringing down prices of innumerable goods and services of daily consumption. Whether it really did remained to be seen.
Never did his morning walk seem so engrossing. He pondered over his recent decision to invest in a treadmill. However, it was amply clear that he had to rethink his choices over the next few days. He chucked the idea of a treadmill as gym equipment attracted a 28% GST. His thoughts swayed from one futile alternative to another till he finally stumbled upon the idea of riding a bicycle. He weighed the pros and cons and came to a seemingly impressible conclusion. “Bicycle it was!!” he patted himself in delight that bicycles have a tolerable GST rate of 12%. Two, it did help him to catch up with a different form of exercise. “This was surely some tax planning”, he prided himself.
As he then stepped in, the bathroom posed a mirage of questions. Toothpaste, shampoo, shower gel, deodorant, perfume, after-shave had all become dear. Going by the rates announced the night before, he was pretty sure that this could be his last bottle of shower gel for a long time to come.
This story is from the June 2017 edition of The Finapolis.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2017 edition of The Finapolis.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
7 Ways to Prevent Text Neck
Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine
How To Take Your Networking To Next Level
Networking is one of the best ways to use your time
5 Fun Ways To Save Money
There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.
Understand Money Past, Present And Future
It is important to strike a balance between the desire to prepare for the future and save versus the impulse to live for the present and enjoy earnings now
Buddy, Either A Borrower Or A Lender Be...
P2P lenders are (mostly) for-profit online “marketplaces” like Flipkart or, eBay, that arrange for borrowers to deal with lenders directly
Why The World Must Pay Heed To The 'Crypto Wave'?
Prolonged ignorance could result in a sudden shock for the global economy
Demo Hasn't Dented Deposits
Demonetization has resulted in a permanent improvement in bank deposits while not really inspiring large withdrawals among people in its aftermath
How Big Basket Grew To Become India's Leading E-grocer
Mubaashir Ansari interviews Hari Menon, Co-Founder & CEO, Big Basket
Faster Internet Speed Spurring OTT Growth In India
Though the Internet speed in India is still at just a third of the global average, industry players feel the optimal data speed, coupled with friendlier data costs, will lead to higher OTT growth
Ask The Finapolis
Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com