1)Kahadi & village industries products 18% GST. 2)Petroleum products tax 100%. Is this called realistic taxation? If you add all the taxes then it will be more than 50% in India?
Absurd Tax Rate :: "“Malaysia had an absurd situation of a single GST rate of 6 per cent for all goods and services. That is not sustainable."
India has rates that are beyond ABSURD. Charging 18% GST on non-services like Housing Societies fees is what will kill the GST .. Govt is milking money even before any service is rendered .. In case of services there is no credit to be claimed as in case of physical goods..
