Before GST introduction, outside state sales Iused to collect only 2%tax on "C" form for Electronics Instruments and inner state 4%.Now in one India,one tax system it is 28%.Who will do Business in gentle way.Off course diving the Tax amount 50/50 state to center abnormal,financial increase, more than that all the business do filthy methodes. Acommon man has to pay excess Rs 500/- per month (Tel Bill and any commodities) service Tax 18%. BeFore this Govt, chidambaram tried to increase from 14.5% to15% so many hallagulla made inthe parliment.Now service tax increased to 18%, people are kept mum
A very bold and appropriate decision, all problems of grass root level corruption will be controlled. Real result of GST will be seen from 2020 onward when majority of business will turn into cashmemos. However arrogance of FM has made it little controversial.
There has to be some rationale when GST is charged @18% on mobile charging. Funny side is if you cherge for Rs 30 you get Rs 23.70, when you charge for Rs 50 you get Rs 39.40 and when you charge for Rs 500 you receive full Rs 500. This is exactly a lacunae in the system if 8% is charged on milk costing Rs 54 per litre, govt earns around Rs 4 per litre but when same 8% is charged on a luxury car costing say around Rs 1,20,00,000 govt earns around Rs one lakh
It is bound to fail since India has economic disparity specialy Bihar /Jharkhand compare to other States. So , instead of rebate, businessmen will charge more.People are poor upto 90%
Re: GST
by Prakash Bedekar on Jul 02, 2018 02:48 PM
Not only that but state govts are charging surcharges over and above GST and though there is no octroi now one still has to pay enrty tax while entering cantonment areas
I am exporter badly effected my bussiness 1 year over no gst refund now and close now my business without preparation gst apply no one hear problems to ssi media only show pm 2019 vision