What if someone is not a business but is making a high value purchase for their residence. In that case, the GST rate is 18-28% say average 23%. and in a 6 lakh purchase, tax comes to about 1.35 lakhs. How can one get any tax benefit or there is nothing for individual tax payer? more
Yeah, I too have paid tremendous amount of GST as my daughter's ceilings fell down and we had no resort to anything but to repair the same and pay the GST. Where does the consumer get his benefit from???? I would really like to know, more
The end user, has to bear the brunt of all the earlier stage GST paid by the previous sellers. Our 'beloved' Prime Minister was referring only to business men when he said ' Enjoy the benefits of GST', as invariably they are sellers of raw or 'purchased and processed' materials. Hence they can claim Input Tax Credit, NOT the person who buys the materials / products / services for his personal use. more
Hello This is Gangster Surcharge Tax my friend the benifits are not meant for citizens the benifits are meant for traders who act like agents for the gangsters at the top. They use this money to tour the world and have fancy cars and have a salary at the end of the month plus in addition pay for their security and their employees they employ for their personal self. These are the perks they declare for themselves after we elect them to power and we dare not ask why when or how! more
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...
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...
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...
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...
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 .
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...
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...
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...
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...
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
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