All The Details On How Will GST Affect Your Wedding Preparations!
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When the entire nation is in turmoil understanding the implications of GST, we can totally understand if you are pulling your hair out to understand what it will do to your wedding cost! We love your tresses, so we are here will all the effects of GST on your wedding prep!
What is costlier?
Gold
By a tiny bit but still expensive. The GST on gold has increased from existing 1.8% to 3%. So make sure that you invest wisely.
5- Star hotels
There goes venue research/ 5 star hotels will get costlier which means more budget allocation to venue and stay! Venue Taxes are at 28% currently.
Image via Dream Diaries Photography
Business Flights
Want to fly your guests on business class for your destination do? They just got more costly.
Beauty & Makeup Artists
Beauty and skincare has gotten more costly as GST rates for salons and beauty centres has gone up to a whopping 28% (from an existing 15%) . So make sure you check with them before you book appointments! Even products will get expensive so better start calling friends abroad to pick up your beauty stash.
Clothes
Clothes are more expensive too. Designer outfits are now taxed at 28%, and tailored outfits (read: customised lehengas) are taxed at 18%. Ready made garments havent really changed as much.
Courier Services
You might want to keep this in mind before you courier out your invites and wedding gifts or favors. They will get costlier as the current service tax of 15 per cent will be replaced with 18 per cent GST
Fine Dine Restaurants
If you are planning to host lunches or cocktail parties at restaurants before the wedding, the bad news is that the GST applied on them just went up from the existing slab rate!
What is cheaper?
Don’t be down after reading the above list because the below list is only going to make you smile!
Image via Sital & Sunny's Real Wedding
Economy Travel
Airfares for economy class travel will go down as these tickets have been placed in the 5 per cent tax bracket under the GST. Say yes to destination weddings!
Food items
Basic items like foodgrains, vegetables, atta just got cheaper so check with your caterer if his quote can get even less!