GST

The govt should look at a very simple GST like that of other countries - Only one GST for everything and anything. Give rebate to exporters. Waive GST on essentials- wholesale food, medicine and such related.
Additional tax can be charged on imports that are in conflict with local produced and reviewed/adjusted as and when required to keep the balance "politically too" for local farmers, manufacturers, tourist purchase refunds, etc.

See typical GST & Tax in Singapore. You can search the same for China and other countries which are similar to India.

GST:
https://www.mof.gov.sg/Policies/Tax-Policies/Goods-and-Services-Tax

IMPORT DUTIES:
https://www.customs.gov.sg/businesses/valuation-duties-taxes--fees/duties-and-dutiable-goods more  

View all 7 comments Below 7 comments
No GST for Essential items. 5% for Mid segment items. 15% for Luxury items. more  
The rules in India are framed with an intention to collect election funds, foreign trips and ofcourse creating own assets. You carefully study any Act, you will find the same is worded in such a complex language that it is beyond understandable by 80% of the population being illiterate. What are we talking about of the Acts lets see the Hindu Marriage Act. Do we have to engage lawyers to run our family and understand even the definition of "Women". Crime Against Women, defines women being wife of a husband for the purpose of complaint but at the same time mother and sister of the accused are not the women. The same sister when become wife of the man become woman as far as complaint registering is concerned and is being treated as the most innocent woman but when she was not married is the most torturous women. This was just an illustration but one can look into many Acts and would find illogicality and not understandable language and statements. As far as GST is concerned, while it is also confusing and beyond understanding of small traders and has to face lot of victimization and corruption. There are tax inspectors who are every now and then are enjoying lavishly life and many junior inspectors even keep on with expensive tourist package staying in five star hotels incl for all of their family members. It is a laughing stock when we hear about 28% GST or may be 100% excise duty and taxes like in petroleum products and then befool the citizens that we want to reduce the prices and uplift the society. I agree some of the points specially if we would have made a single tax rate may be 2% to 5% for all the commodities across the board, the corruption would have ended. If I had to buy a table worth Rs. 10,000/- I am required to shell out appox Rs. 3,000/- extra and the question would be why should I shell out additional Rs. 3,000/- towards taxes and thus would get encourage by avoiding the taxes and pay in cash generating black money and guarantying the corrupt earning for the corrupt taxation department. more  
And when there are no weddings or restivals it's time to take a trip abroad. Sometimes I feel as a nation we contribute a hell of a lot to the world's economy more  
The problem in India is we do not have just one festival every week we have restive occassions our ancestors planned it so well when there are no festivals then there is the wedding "muhurat" so that's another reason for celebrating. more  
But then who will pay for the Prime Ministers trips abroad and pay for the cost of attending opening ceremonies etc? more  
Post a Comment

Related Posts

    • Corruption in GST

      Time limit for making Refund Application A person claiming refund is required to file an application on the GST Portal in Form GST RFD-01 before the expiry of two years from the “releva...

      By Rajeev Bhargava
      /
    • Illogical

      Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...

      By Amit Mishra
      /
    • GST popcorn indicative of bigger issue

      The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...

      By Ruchika L Maheshwari
      /
    • GST rules are stupid

      GST rules are most stupid. See how GST varies for chocolate cake based on where you order it from. This government has made a mess out of GST.

      By Ruchika L Maheshwari
      /
    • Get this guys

      Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...

      By Sudesh Rai
      /
    • Corruption in GST

      GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .

      By Rajeev Bhargava
      /
    • Taxation is hell

      Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...

      By Naina Mittal
      /
    • Corruption in gst

      According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...

      By Naina Mittal
      /
    • Is there a GST bribe rate card now

      You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...

      By Naina Mittal
      /
    • GST cancellation

      Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...

      By Naina Mittal
      /
    • 7 years of GST

      7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...

      By Sudesh Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)