Tax Contributions

Biggest myth in India is that the country survives & flourishes ONLY on Middle Class income tax. The fact is that largest revenue generation in India is done thru GST & corporate tax ~ 59%. Income tax is just 26% & rest is Customs & excise. more

Helpful All GST Queries Answered Jan 31

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View all 9 comments Below 9 comments

H.P. Gurg

Income Tax Share can be increased provided Govt implements Tax on Agriculture Income. more

Feb 14

Padam Law

I agree to a large extent. However, the tax limit should be just5% above 10,00,000/- income. No tax for income below 10 lakhs. more

Feb 14

Charudatta Sahaje

The Governments, Central and States collect huge taxes from citizens under different heads of which we are not aware. We need to know the entire collection data. more

Feb 02

Padam Law

Do not know of the accuracy of the figures given, but true that income is mostly from GST, Customs and Excise. more

Jan 31

Deenaz Bulsara

I write in unison to Mr. Rajeev Arora's reply and second it. more

Jan 31

C.S. Narayanan

What about all the chess they levy with no accounting for it more

Jan 31

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Small Business and cost of compliance
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...

By Sudesh Rai

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