Budget 2020: What should the Government do?
Below, please find the report on what common citizens want from Budget 2020. The same has been shared with the Finance Ministry officials. If these recommendations are implemented, it will help citizens and even boost consumer spending. It is strongly suggested that you share the link below with your social media contacts.
If you have additional inputs, please share them as well.
What people want from Budget 2020 more
All around NCR, Haryana, Punjab and Uttarakhand. .
"Isse prakaar se hum bijli utpan karenge" more
1. Cash payments have to be restricted to Rs.500, The payments above Rs.500 have be paid through debit / credit cards / paytm / cheque or any other mode.
2. Registrations of all the shops which are having address/board have to be made compulsory inspite of threshold exemption limits for GST, which helps us to do surprise check.
3. Threshold exemption limits for GST have to be kept low.
4. Installed Production capacity / Actual Production of all the manufacturing units have to be reported in IT returns / GST returns, which will help for data analysis/ crunching.
5. Manual interventions have to be eliminated in a phased manner in GST also.
6. Having automated till assessment with Information Technology, the departments (both IT / GST) have to be ready by now, to do more analytical work than clerical work, to increase the tax payers base and stop tax evasion.
We all might have read reports / articles published on Economic Inequality prevailing in Inda and the world. It is worsening and gap widens day by day, which makes us to think on where is democracy heading to.
Wealth tax may be imposed on those few billionaires and the Wealth tax collected may be utilised only for the betterment of underprivileged / poor community.
It is not possible for the Government alone, to bring down the economic inequality prevailing in the country. The Billionaires and HNI should come forward and join hands with the Government, to frame policies and draw plans to bring down the economic equality. more