Tax on UPi makes zero sense
Per India Today, Now the government want us to pay 18% GST on a transaction upto Rs 2000 , which means now if we buy vegetable of Rs 100 , we need to pay Rs 18 as GST , so total amount comes to be 118.
What all more taxes are left now ? more
What all more taxes are left now ? more
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I think the information given by Madam is wrong. The service tax is on the services provided by the Digital payment intermediary (Pay tm etc.) to the vendor They usually charge 0.5% to 1% of Transaction amount from the vendor. Therefore in the above example cited, Rs. 100 paid through Digital mode Re 1 ( 1%) will be charged as service charges from the vendor. 18% on Re.1 will be 18 paise. The vendor may increase the price to compensate this or he may pay from his pocket. Hence for 100 Rs. vegetables you need not pay 118. you will have to pay only 100 Rs. and 18 paise. more
Sep 12
A Big Achievement is made about digital transformation in India where ordinary Vegetable vendors, Small Tea Stalls etc accepting digital payments through UPI. Now if you have to pay 18% more just because you pay digitally who is going to do that? . It will be back to the Cash payments in 90% of the current Digital payments. What is achieved in the bargain ? One step Forward ,two steps backward ! more
Sep 11
मध्यम वर्गीय पर ही टैक्स का बोझ क्यों - इन सांसदों,विधायकों के कमायी पर टैक्स क्यों नहीं है और इन सांसदों/विधायकों पर तो टैक्स का आधार उनका वेतन/पेनसन को न कर के उनके संपत्ति में हुई वार्षिक बढ़ोत्तरी पर होना चाहिए तो शायद भ्रष्टाचार से अर्जित की गई संपत्ति/आय भी टैक्स के दायरे में आ जाएगा और यदि ऐसा हो जाए तो देश के राजस्व में वाक़ई बढ़ोत्तरी होगी। जहां तक UPI पर GST का प्रश्न है तो यदि लगाना है तो एक लाख से ऊपर के लेन-देन पर होना चाहिए जिससे निम्न आय वर्ग एवं निम्न मध्य वर्ग पर दबाव न पड़े more
Sep 11
