Answer can only be given by legal expert Jaitely who has played with the people as Dictator instead of understanding in advance their miseries in democratic manner. Still it is no so simple.
Instead of doing away with the CGST on cooked food altogether, the Finance Ministry is dribbling on retaining a token 5% GST on restaurants. Ordinary folks flock to restaurants to have food as they may not have alternatives elsewhere, cooked food may not be available for them as they might be living far away from their homes or may be working. The drastic tax of 5% on cooked food should be struck off, anyway which. The Finance Ministry has to help the compliant common citizen who depends on food from restaurants day in and day out!
Re: taxation on cooked food is burdensome
by Suresh on Nov 13, 2017 01:44 PM
Tax used to be 12.5 and now it is 10% (CGST - 5, SGST - 5). This is reduction from 18% (CGST - 9, SGST - 9). So why are you cribbing?
Re: taxation on cooked food is burdensome
by aam admi on Nov 13, 2017 10:26 AM
since they can afford to buy cooked food they should pay. otherwise cook themselves who prevents them ? 5% tax is minimum, I feel it should be higher on better restaurants and hotels. After all Govt. has to look after the poor of the country further so many type of subsidies exist. Even development needs money. Will Modi borrow money from his family for country's problems ? Most people prefer to cook themselves for hygienic and health reasons.
Govt must bring down all the items being taxed at 28% to not more than 18% barring Petroleum Products, Liquors, Tobacco products, Gutka and similar like products at higher rates. It would be good, if adequate/requisite revenue are collected by way of tax, the govt could consider reduction of tax on Petroleum. Products.
Some other bastar* have looted and made the nation a pauper and we need to balance against the aspiration of people and the national economy .Any other world even saudi they would have been eliminated understand you pi*
Had Gujarat elections been held earlier, GST revision would have been done in August itself. Similarly, had there been no elections in Gujarat, there would have been no large scale downward revision of high GST items.
Re: Why did it take 5 months to lower GST?
by Vidyut Shenoy on Nov 12, 2017 12:56 PM
Let it be known that the original value of GST, as proposed by UPA II and Congress states, was a lot higher. Had it not been rationalized all you blind buff**ns would have blamed it on NDA. Incidentally, RaGa ought to know that representatives of all states are part of the GST council. They have every right to suggest changes to items. Surprising that only RaGA comments. As always he is probably clueless about what GST is all about. The entire GST system in place is very different from the authoritarian one proposed by UPA II. Why does he not tell voters that more than half of the GST collections from a state goes back to it? Perhaps he is yet to wake up
Re: Re: Why did it take 5 months to lower GST?
by Sane Voice on Nov 12, 2017 02:21 PM
Why RaGa? even many of the BJP stalwarts are ignorant of GST. Even if suggestions / objections are raised in GST council meeting by non-bjp members, such suggestions are bound to be overruled. Congress was asking for max of 18% GST. Incidentally, Mr. Modi as CM of Gujarat had opposed the very concept of GST. Later, after becoming the PM, he had the distinction of introducing GST hurriedly and in the most haphazard manner.
Mr.Modi, Poor management of economy will still be worsened in the coming days due crude prices keep on increasing on oil demand. are we capable enough to contain inflation due to already soaring prices ? if opposition demand met with bringing fuel prices in GST network , and LPG prices already sky rocketd burnt common man savings ?how we manage to keep economy in tact ?
Re: what will be the state of economy if crude prices increases ,
by Vidyut Shenoy on Nov 12, 2017 01:04 PM
Wake up guys, prices have fallen down. Maybe you ought to go deeper. There is a lot of transparency now, where none existed in earlier regimes. You can either keep blaming & complaining or be a part of the change. The choice is yours. People like RaGA work for themselves and are nothing more than glib talkers. Their 10 inactive years at the helm, with brute majority in both houses of parliament are testimony to their being absolutely clueless. Its time we all realize that. The UPA era left a huge hole in the country's economy thanks to their unbridled loot. They charged higher taxes, but did nothing more than line their pockets. Instead of taxing everybody, it is better to charge higher to those who use a product, and plow that money back into the system. If you haven't noticed improvements in the country's finances, you do so at your peril.
govt have to collect more fund to make our defiance more strong that can tackle china and Pakistan .our country people want to earn money but dislike to pay tax so govt. had not other alternative to do it . and have to exercising the new system to make it bring a good track
Re: gst rate
by jo on Nov 11, 2017 06:30 PM
If we stop schemes like bullet train, encourage and look after tourism, help farmers to cultivate food crops, and of course reduce Govt. expenditure like unwanted trips abroad, then we will not have to collect more funds.
Re: Re: Re: gst rate
by sam on Nov 11, 2017 11:18 PM
Is the loan given by Japan is free for Modi? we have to pay interest though it is low , loan amt is big indeed ? It is all paid from Common man pocket , not from Modi
Re: Re: Re: Re: gst rate
by Sane Voice on Nov 11, 2017 11:51 PM
Interest is low as per the rates in India. But in Japan, there is negative interest rate. Even the rate of 0.1% interest rate beneficial to Japan, that too for obsolete Japanese bullet train technology which is not accepted elsewhere. Even China rejected the Japanese technology, and in lieu, developed its own bullet train technology.
Re: Re: Re: Re: gst rate
by Suresh on Nov 13, 2017 01:47 PM
New technology brings new manufacturing potential and new jobs. We cannot keep feeding a dying elephant (Current Railways tech). We need to infuse new tech into old ones and bring in safe travelling. If we dont do this now, 20yrs later this tech will be even more costly and it will never come.
Re: Re: Re: gst rate
by Sudarshan Nityananda on Nov 12, 2017 07:16 AM
It's a big illusion that bullet train is no cost. Two factors will teach us that lesson:
1. Japanese products come with very high spare parts pricing. WE will start bleeding from the 2nd or 3rd year after bullet train starts running.
2. The very low interest may look good but if the yen appreciates during the repayment period, we'll be at a disadvantage.
The full life cycle cost of Japanese , Chinese and French offers should have been calculated and then a decision should have been taken.
Re: Re: Re: Re: gst rate
by Vidyut Shenoy on Nov 12, 2017 01:11 PM
All technologies improve over time. We must implement things that are acceptable to our current population. Chinese and French products are great all right, but they would not have given funding at low rates. They also would have held back on manufacturing assistance in India. Don't ever be under the impression that only you know how to do cost benefit analyses. There are far brighter professionals, than you, working at the Centre.
Re: Re: Re: Re: gst rate
by Suresh on Nov 13, 2017 01:50 PM
Did you read the news. Manufacturing plats for spares are to be located in India. Tech transfers happen. We gain knowledge of technology. Japanese products are more safer than anything else in the world and naturally it is costlier. You want to safe few millions at the cost of people life.
