Budget 2021-22 Suggestions Invited

Government has invited suggestions for the Budget 2021-22 from public. I have given following suggestions:
1. Raise income tax exemption limit to Rs.10Lakhs without any deductions.
2. No tax on Long Term Capital Gains
3. Convert SCSS2004 to Senior Citizens Welfare Scheme 2021 with 10% interest and 10 year tenure.
4. GST: Abolish Input Tax Credit. GST rates 0% for exempted goods & services, 5% for All g&s and 15% for Luxury g&s without input tax credit. Petrol & Diesel to have GST rate of 15%
5. Exempt Cooperative Housing Societies, TV Viewing and Clubs from GST
6. All service providers to give rebate of Rs.10 in next bill for the online payment of bill
I request all members of Local Circles to give suggestions. more  

View all 42 comments Below 42 comments
Except point 5 all are most welcome one. more  
Good suggstions on Incometax but doing away with input GST credit needs detailed implication study. more  
Considering rate of inflation at the time of budget declaration; considerable rise to their income may please be looked into. For others marginal tax relief be considered.

We are carrying out Survey here in Madhya Pradesh and according to lower middle class people; their inclinations are towards extension of facilities to be given by The Government like:

More number of ATM's,
Privatization of schools to be stopped,
Government to open new schools and colleges, thereby Education could be available at cheaper fees. At the same time certain people in Education field would get " SECURED ROJGAAR ".

Hassles in School admissions would get stopped and donation business would come to an end.

E - learning to be more emphasized but in presence of teachers,

The Government to build, operate and Transfer Hospitals at the medication rates decided by the Government,

Re-survey to be carried out by scrutinizing grain / grocery NOT purchased by the Citizens and accordingly those essential commodities (Like, Wheat, Rice, Bajara, Sugar, oil, soap and detergent, and others to be supplied to " Cheap Ration Stores " by the Government. (Thus major misuse and theft could be prevented; which also occurred in Maharashtra during COVID period.... we have seen on Television on news channels.)

To give promotion to handicrafts, various types of door mats could be made available in "Rationing Stores " which could help poor people for both ..... sellers to the shop i.e. Government and the purchasers also would get attracted. Like wise brooms also.

Previous idea of selling bulbs @ Rs. was excellent indeed to promote LED bulbs and thereby to save electrical energy. But unfortunately the bulbs failed in service because of Manufacturers issues. As per relevant INDIAN STANDARD, the LED BULB shall burn for 30,000 (Thirty Thousand) hours however the bulbs just not withstood for 1000 hours. (Not a single bulb) Again name of The Government was ruined.

Computer peripheral like mouse and pen drive also to be made available at Rationing or Government discounted shop. New entrepreneurs under M.S.M.E. would be benefited and people in the country as well by maintaining price of the same.

More number of PYAAU's to be erected and commissioned. At least 3 people would remain engaged in this business in maintaining of drinking water fountain. (Black business of water bottle may stop considering hygiene conditions of the PYAAU.

Thanks and Best Regards. more  
1. Abolish Personal Income Tax. This will increase income and purchasing power. The loss may be compensated by increasing GST in some commodities deemed fit.
2. Increase family Pension of retirees in Pvt sector to minimum Rs.10000/- with increase whenever there is increase in DA.
3. Increase budget allocation for research work in Physics, Chemistry, Biology, Medicine, Geology etc so that our intelligent students contribute to our progress. more  
Some of the suggestions which suggest doing away with input tax credit on GST are not well thought. Input tax credit is the backbone of value-added tax systems like GST. If you do away with it, nothing is left in GST. Moderation of GST rates and slabs to 3, 6, 12 and 18 % is better. Eliminate all exemptions and composition schemes. Businesses below threshold turnover must simply pay 3% GST on their turnover. Subsume excise duty, sales tax on fuels and electricity and other random taxes also within GST as a more rational measure. Making the GST system simpler and less-time consuming and less punitive is the need. Reducing carve-outs for sections of society above a threshold is necessary. more  
Post a Comment

Related Posts

    • Rising Prices of Fuel - Excise Duty Cut Needed

      In mumbai today petrol is 92 and diesel almost 83. If 69% of us per the survey want an excise duty cut what is the Govt thinking. Please escalate LocalCircles

      By Sobhita D
    • What can be done to enable small businesses?

      As many of you know, LocalCircles for many years has been taking the pulse of Startups and MSMEs to the Government. Below is the link to the survey for 2021. The key highlights and asks have been p...

      By LocalCircles Manager
    • Farmer Issue - Win of Bad over good reform..

      It is a typical case of vested interests sabotaging the reforms . It will be a big setback for the Government to push further reforms. Government is to naïve and not able to anticipate and man...

      By Ajay Kulkarni
    • What is the primary reason for you being hesitant in taking the COVID-19 vaccine immediately?

      . *Vaccines in India has been manufactured in record time investing efforts and money. Good , But no reason to push through in a hurry even when one hadn't completed the formalities. It was p...

      By Jayakumar Daniel

      For the vested interest of a few political dalaal's the farmers have been pushed again in the dark. I feel that the farmer's should be made to understand the benefits of this new legislation,which ...

      By Pradeep Pawar
    • Farmer Issue - Win of Bad over good reform

      The government has given proposal to put farm laws in abeyance by a year or two & farmers are now going to get back to the Government. Just like failure to bring in land rehabilitati...

      By Harish Randhawa
    • Vaccine Hesitancy drops by 10% but still 62% hesitant: Inputs Sought

      In its December survey, LocalCircles said that 69% citizens and 55% healthcare professionals were hesitant to take the COVID-19 vaccine. Unfortunately, there was limited action on it and now the Go...

      By LocalCircles Manager
    • Vaccine Eligibility and Registration Process

      Sharing what I have received as FAQ from someone in the Government as the vaccine registration process. Its currently closed for citizens. How will I know if I am eligible for COVID-19 ...

      By Anil Mehta
    • Citizen Pulse on Whatsapp Privacy Policy

      Looks like whatsapp has felt the heat already and has postponed the roll out of the privacy policy from February to May. There statement is below. Congratulations all who fought. But make sure u st...

      By Shikha Chhabra
    • E484K coronavirus variant neutralising antibodies

      This is from a school classmate in USA. Basically saying E484K coronavirus variant from Brazil is neutralising Covid antibodies and may evade the vaccine. So localcircles please escalate this to de...

      By Vikram Gupta
    • How exactly to Delete whatsapp

      How to delete or deactivate your WhatsApp account on Android Step 1: You first need to open WhatsApp and tap on the three-dotted icon, which is located on the top right corner. Step...

      By SN Mittal
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)