Low GST but expensive cheques! Fitness and beauty services get costlier—Here’s why gyms and salons are raising prices
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Despite a GST reduction on personal grooming and fitness services from 18% to 5%, consumers are facing price hikes of 10%-20%. This increase is due to businesses now absorbing the full cost of taxes on expenses like equipment and rent, as the input tax credit (ITC) has been withdrawn. What's Your Reaction?
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