Single slab of 10% should be introduced replacing 5, 12, 18 & 28%. Simplification and rationalising of taxes is the need of the hour. I am sure in the long run govt will earn more revenue and the economy will gain. more
Those who pay income tax, GST should not be charged to them. Any one is good. After paying 30 % tax and 28% GST, what is left ???? In the 40% of income we need to spend our daily need and save future. more
If it is set at 10%, that will be great! Since the inception of GST in July 17, there have been quite some changes in GST rates and shuffling of products from one rate to another, mostly from a higher slab to lower one. We hope the trends continues and settles at 10%, the sooner, the better. I agree with Padam. Our Community, including me, cherish an urge to avoid taxes wherever possible. If this changes, even to small percentage, it will certainly usher in many benefits. more
items of mass consumption and daily use should be made free of the gst shackles to give benefit to the poor and middle class.Higher tax can be considered for luxury items which normally poor and middle class may not be using 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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