Low GST but expensive cheques! Fitness and beauty services get costlier—Here’s why gyms and salons are raising prices

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now absorbing the full cost of taxes on expenses like equipment and rent, as the input tax credit (ITC) has been withdrawn. https://ift.tt/75AgYzD