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GST Voucher helps procreation?
In respect of “This year, the government introduced the GST Voucher to help the lower-income groups offset the Goods and Services Tax. The GST Voucher includes cash, utilities rebates and Medisave top-ups” – We should keep in mind that the original purpose of the GST offset scheme was to help lower-income families pay for the GST when it was introduced.
For example, even a lower-income family spending just $1,000 a month, would incur GST of $840 a year.
So, the maximum GST Voucher cash payment of $250, will only cover 30 per cent of the GST that they incur.
Also, for this year, there are no Service and Conservancy Fee (S&CC) rebates, rental rebates or Senior Citizens’ Bonus.
According to the Department of Statistics, the Electricity Tariff price index increased by 40 per cent from 2009 to May 2012.
Since the GSTV-U Save rebate range between $180 – $260 a year, I would like to suggest that in determining this quantum, consideration be given to the electricity tariff increase as well as the GST increase.
For example, a household with a monthly utility bill of $150 in 2009, may be paying around $210 now after the 40 per cent increase.
So, the GSTV-U Save rebate of say $220 a year, would only offset about 31 per cent of the $720 annual increase.
- http://theonlinecitizen.com/2012/08/procreate-or-else-enormous-problems/
In respect of “This year, the government introduced the GST Voucher to help the lower-income groups offset the Goods and Services Tax. The GST Voucher includes cash, utilities rebates and Medisave top-ups” – We should keep in mind that the original purpose of the GST offset scheme was to help lower-income families pay for the GST when it was introduced.
For example, even a lower-income family spending just $1,000 a month, would incur GST of $840 a year.
So, the maximum GST Voucher cash payment of $250, will only cover 30 per cent of the GST that they incur.
Also, for this year, there are no Service and Conservancy Fee (S&CC) rebates, rental rebates or Senior Citizens’ Bonus.
According to the Department of Statistics, the Electricity Tariff price index increased by 40 per cent from 2009 to May 2012.
Since the GSTV-U Save rebate range between $180 – $260 a year, I would like to suggest that in determining this quantum, consideration be given to the electricity tariff increase as well as the GST increase.
For example, a household with a monthly utility bill of $150 in 2009, may be paying around $210 now after the 40 per cent increase.
So, the GSTV-U Save rebate of say $220 a year, would only offset about 31 per cent of the $720 annual increase.
- http://theonlinecitizen.com/2012/08/procreate-or-else-enormous-problems/
