GST rate reductions

I think the Govt. should decrease the tax on insurance premium for medical insurance and personal accident policies. These policies are necessary for a welfare state and the present rate for GST is too high. They should reduce tax to 5 % slab if retention of tax is necessary at all. Also RBI reserves should be utilised for ensuring that Deposit Insurance Corporation can protect depositors for their deposits instead of only Rs.1 lac for deposits per bank.Now with the high NPA levels at banks the fear of bank failure looms large particularly for Senior Citizens. L.Kalavathi Retd. Bank Official Chennai, Tamilnadu, India 29/12/2018 more  

How  Sent from Yahoo Mail on Android On Sat, 22 Dec 2018 at 18:38, Garima Sharma wrote: more  

Padam Lawji, why are you upset on Garima's effort to share an important announcement which is of concern to all people ? We can have individual's freedom of how to consume information and knowledge. Your method is via TV and newspaper. I do not go near to them, because half the things are advertisements and time wasters. On the contrary information I find it useful is what I pick up from professional blogs and learned communities like LocalCircles. Garima, please keep it up and share more on important subjects more  

Garima ji..... Almost al of us read News Papers and watch TV also... No need to waste so much time in writing something which all of us already know about. more  

Friends, on GST orSGST, there are millions of views. Any such drastic change in the system of course needs detailing, but then it can never be ready with all the microlevel detailing anywhere. All political parties wants to take credit when in power. But we should not forget that we all want to eat the cake n have too. Is that possible. The foreign schools of economics or business cannot teach and solve our socio-economic problems ever. It is our schools n our people on our soil can only do. Or otherwise ,why so many complexity in issues, objections all the time we have to face. Yes, of course it is good to review such system from time to time n do necessary changes as situation demands. Personally I there should not be any tax on food. Air-conditioned or non-airconditioned hotels, restaurants. Similarly all such taxes when implemented the people who draft such laws are never see it from so called common citizens eyes. Our total excise, sales tax import duties, export duties etc; were drafted during the colonial rule. And our so called experts have kept on adding so many products , amendments in the rule. Just for example: During British Raj then govt implemented few pai tax on salt n for it Gandhiji took out protest march that time salt was sold at 2paise a Sher. Every year we commemorate that event ,but have noticed that today what price including tax are we paying ? Ideally if all political parties worship gandhiji than there should be no tax on edible salt, it is life saving n essential for all live stocks. So what all our learned friends say on this? The salt act was only deleted from the excuse manual just 20yrs back after independence, what a pity. You see our constitution was drafted by that time experts team n do we ever bother to know how many amendments were carried out, changes made by the ruling political parties for their benefits to remain on power? If that constitution was so perfect why it was amended so many times,means those who have drafted have not done their homework in detail if had they done it, even today also our constitution would have been in draft form. Same is the case with GST.WE KEEP ON COPIYING OTHERS OUR OWN EXPERTISE IS BIG ZERO MANY TIMES. JAI HIND more