Who are more accurate and concern and also knowledgeable, Mr. M. R. Venkatesh or Economic Panel and Economists team of India who make policies...? making such statements is becomes easy now for anybody who gain little education and feels good.
Re: Mr.M R Venkatesh
by susarla suryaprakasam on Dec 02, 2015 09:10 AM
My view is why should we have so many rooms of taxes - direct or indirect. Only one tax at source, one time. Whither GST.
Just focus on existing leakages of money through bribes which deprive the govt of its dues.Involve public in reducing bribes to police for encroachment of foot paths by vendors, bribes to Tax and enforcement officials to minimize tax due to govt, bribes to Regional transport office for false registrations, speeding up work, bribes to Registrars for falsification of facts and papers, bribes to educational department for transfers, postings and for speeding up pension or PF loan related papers etc. No further tax or surcharge will ever be required, Small bribes by millions add up to billions that become black. GOVERNMENT SHOULD ALLOW PEOPLE TO FREELY CLICK PIX AND VIDEOS AND POST THE WITH COMMENTS TO ONE CENTRAL MOBILE NUMBER ABOUT THEIR TRANSACTIONS WITH GOVT OFFICERS. After all whichever public office public are allowed access to, they must have freedom to convey what they experience. Otherwise transparency of govt transactions have no meaning. Let all govt officers including judiciary work under CCTV monitoring.
The tribe of Chartered accountants and auditors who thrive on maze of taxes and hold companies to ransom before each year end, are the people who lose if taxation is simplified ! Period.
The CAs, lawyers and corrupt and confusing bureaucrats together have a deadly grip with the existing confusion and red tape, which will get loosened if taxation is simplified.
Mr M R Venkatesh probably has that intuition as a CA and is naturally defensive of the current system and will oppose any changes. He is pointing at the bureaucrats, the very same kind in the Govt, only to deflect attention.
One tax, reduces confusion. The tax might look optically higher and may even burn a larger, but one, hole in your pocket. But at least you would know who or what is burning that hole. Today, there are many small holes, another gets created soon as one is plugged !
The richer western and some southern states which are producers and have consumer markets will benefit, so there is no case for a surcharge, the inter-state tax. They can make their own markets competitive or get greedy by imposing state-level taxes. So, Pondicherry, Dadra-Nagar haveli (DN) and Delhi registrations will stay popular, if states stay with Octrois and local body taxes.
Other states which thrive only on duties on alcohol, foreign or country made and trucks passing through them, will stay where they are
Re: Misleading or completely missing the point !
by jignesh narayan parmar on Nov 30, 2015 04:55 PM
In out state there is octorai/ excise duty / ed cess/ sales tax / and VAT .
all these taxes are paid -- i.e 5 taxes on one product adding to it the commission of distributor and retailer .. a manufacturer has to keep 5 to 7 copies for all invoices to circulate it to various govt officies for audit ..and all audits have to be fairly passed . failure in anyone creates a trouble . What a big un wanted usless head ache
The tribe of Chartered accountants and auditors who thrive on maze of taxes and hold companies to ransom before each year end, are the people who lose if taxation is simplified ! Period.
The CAs, lawyers and corrupt and confusing bureaucrats together have a deadly grip with the existing confusion and red tape, which will get loosened if taxation is simplified.
Mr M R Venkatesh probably has that intuition as a CA and is naturally defensive of the current system and will oppose any changes. He is pointing at the bureaucrats, the very same kind in the Govt, only to deflect attention.
One tax, reduces confusion. The tax might look optically higher and may even burn a larger, but one, hole in your pocket. But at least you would know who or what is burning that hole. Today, there are many small holes, another gets created soon as one is plugged !
The richer western and some southern states which are producers and have consumer markets will benefit, so there is no case for a surcharge, the inter-state tax. They can make their own markets competitive or get greedy by imposing state-level taxes. So, Pondicherry, Dadra-Nagar haveli (DN) and Delhi registrations will stay popular, if states stay with Octrois and local body taxes.
Other states which thrive only on duties on alcohol, foreign or country made and trucks passing through them, will stay where they are
Re: Misleading or completely missing the point !
by kishore on Nov 30, 2015 09:44 PM
I am quiet happy to see comments which more or less are in line with you. THe people who benefit because of existing system are crying wolf.
This kind of author just assume that new system will fail without going into nity-gritty. every thing has some positive and negative repercussion that does't mean that we should not initiate.None of the system is full proof. let it be implemented then we start judging the same. always scope is there to amend the same. India has most complex tax system if you compare to even neighboring countries which need to be symplyfied and I hope GST will be a good step towards that
What are u telling rubbish,.Why like u making hurdle in the good path.Let see how GST work.Where are you at the beigging,Why crat problem at the final stage?What is your purpose to disturb?
Re: mr. Ventatesh
by mitesh on Dec 01, 2015 05:49 PM
Venkatesh is a thug of BJP.He is a congress-baitor.He is a traitor.He should not be trusted any more.He has gone mad.
