GST info

Comparing Singapore & India is like comparing apples & Oranges. The tax compliance rate of India is too poor nad the tax evasion is is high. The complexities and the Govt requirement for welfare-schem is extra-ordinary. Size is another factor. Most of all the corruption levels over the 60-70 years has been groomed and expanded. The legal remedies are excruciatingly painful and pathetic. more  
If the politicians are made to pay taxes for the free facilities, free services etc also, They will understand the real impact. more  
Rightly said Satya. more  
Yes, GST is one of the sources of income of the Government. All taxation in any country barring a few middle East countries, is a source of income of these countries. More the income of the country, there shall property and the fruits are finally borne by the general public. The Government has no personal bank account where they accumulate the tax money. The more the income of a country, more welfare measures can be anticipated. more  
We used to live in Singapore when GST was introduced there. What we learned then, was: GST basically taxes the enduser, viz. the man on the street who does not have a GST number. Those registered under GST get their GST reimbursed. Hence, the GST cannot be high. And, it also should not be used as a "source of income" for the government. more  
Post a Comment

Related Posts

    • GST: Indian system among the most complex globally, says World Bank report

      Report in Business Standard March 2018 India has the highest standard GST rate in Asia, and second highest in the world after Chile The Indian Goods and Services Tax (GST) system is among...

      By MOHIT PANDE
      /
    • GST on Cooperative Housing Societies is Unconstitutional

      A housing society is not an industry, the Bombay high court has ruled. Justice Suresh Gupte, in an order, quashed a labour court's order asking a housing society in Mumbai to reinstate a watchman w...

      By MOHIT PANDE
      /
    • GST has Become Colonial Taxation System

      Confederation of All India Traders (CAIT) has said in a press release that Much against the declared spirit of GST as Good & Simple Tax, the GST has become a ‘colonial taxation system&rdq...

      By MOHIT PANDE
      /
    • GST on Cooperative Housing Societies is Unconstitutional

      A housing society is not an industry, the Bombay high court has ruled. Justice Suresh Gupte, in an order, quashed a labour court's order asking a housing society in Mumbai to reinstate a watchman w...

      By MOHIT PANDE
      /
    • Visakhapatnam GST Intelligence arrests CA for major GST fraud

      Attached please find a Press Note Visakhapatnam GST Intelligence arrests CA for major GST fraud. The provision of Input Tax Credit is being used for GST fraud. The Finance Ministry and G...

      By MOHIT PANDE
      /
    • GST on Cooperative Housing Societies is Unconstitutional

      Section 2(17) of the CGST Act: ““business” includes– (e) provision by a club, association, society, or any such body (for a subscription or any other consideration...

      By MOHIT PANDE
      /
    • GST Council: Please remove Root Cause of GST Frauds ITC

      Headlines in Times of India in 2020 • 3 bizmen pull off Rs 2,300 crore GST fraud with fake invoices, held in Mumbai • State GST Ludhiana arrests three for claiming forged ...

      By MOHIT PANDE
      /
    • GST FRAUD of Rs. 920 Crore due to Input Tax Credit

      Times of India, November 12, 2020 Rs.400 Crore GST Fraud, 4 held Times of India, November 13, 2020 2 Directors of Pvt Firms arrested in Rs.520 Crore GST Fraud Investigators foun...

      By MOHIT PANDE
      /
    • Is Cement a Luxury or Sin Good?

      Headline in Indian Express today: “Two-wheeler ‘category neither a luxury nor a sin good ... merits rate revision’: FM” FM is requested to consider rate revision f...

      By MOHIT PANDE
      /
    • GST fraud

      Recently I bought Voveran Gel. After few days I realised that only air was coming out and not gel. After pressing further gel comes out of the tube. I believe, this company injected air (or we can ...

      By Shailendrakumar Ughadmathe
      /
Share
Enter your email and 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

All My Circles
Invite to
(Maximum 500 email ids allowed.)