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chanakya maurya
GST will hit all like a lightening.
by chanakya maurya on Oct 06, 2010 01:19 PM

A lot of items that are outside the ambit of excise duty will indirectly get "into" the ambit by way of higher percentage.

Besides, the GST supposed to replace several other taxes, would invariably fail to do so, and all those other taxes intended to be amalgamated into the GST will not only get amalgamated into it, but would also exist independently.

A lot of commercial establishments may face Lehman kind of problems.

Any simplification by any government in any country is a mirage.

It is a huge trap to fill the coffers at the expense of the ordinary man on the street.

He just cannot pass the burden to anybody else.

He has to carry it himself.

The finance minister smiles at the numbers.

However, it is not amusing for the aam aadmi who quickly changes the scenario at the next poll when more foxes will come to power and further crush the aam aadmi.

GST is not only a ridiculous exercise.

It is ridiculing the whole system.

First VAT.

And now GST.

These are all traps to tighten the noose around the neck of the business.

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