GST rate rejig

I have been told by my industry association friends that Finance Minister listens to localcircles and takes interest in collective asks of this platform.

I am not sure if this poll is being done to give her feedback but everyone must vote on it as both consumer and business will be impacted.

‪According to you, what is the ideal tax rate tier structure for GST starting April 1, 2020?‬ more  

View all 15 comments Below 15 comments
In the present system income above Rs 3.00 lakhs is taxed.Only the salaried class employees are taxed at source.There are crores of people earning above this amount and are not taxed.Hence our system has lot of flaws and they are to be corrected.I think the time has come when tax should be based on total assets of individuals. more  
Our government is compelled to keep the rates on higher side to make up the revenue loss being caused due to tax evasion, which is probably the highest in the world. more  
What Mr. Ishtiaq Adam says seems to be quite logical. But he should also state that there should be NO TAX EVASION along with the figure of 15%. more  
Root cause of all corruption is tax free income by politicians and political parties. They should be brought under tax perview. For business community, it is difficult to ascertain their income and they are taking the help of CAs and avoiding tax. All CAs are to be advised suitably not to adopt undue methods, else the tax structure should be revised suitably. Big farmers with sufficient income should be covered under tax regime. Health Insurance should be at lesser GST. more  
15% is the maximum level for a healthy economy. more  
Post a Comment

Related Posts

    • Government is Profiteering on Diesel and Petrol

      I have seen so many articles where people target companies that genuinely offer services for a price but nobody has questioned the government on the Prices for Petrol and Diesel who do we catch for...

      By Derek Demitrius
    • Raymonds booked for 18 crore profiteering

      All member of this circle must feel Proud. Raymond JK helene curtis was fined 18.4 crores for profiteering on our circle complaint. Govt should recognize members of this circle for ...

      By Garima Sharma
    • GST increase on mobile phones

      GST rates are being increased from 12 to 18% on mobile phones. We should assess how long portals take to charge increased GST versus how long they take to reduce GST rates. Th...

      By Arjun Singh
    • Sanitizer and Mask profiteering

      I have reasons to believe that some manufacturers are increasing MRPs of sanitizers and masks. I suggest national Profiteetring authority and legal metrology to look at old MRP and new M...

      By Garima Sharma
    • Pathetic Johnson & Johnson

      Seems like Delhi High Court has put a stay on the anti profiteering order against J&J for profiteering on sanitary napkins, Instead of paying the 42.8 crores GST it has gotten the stay from Del...

      By Garima Sharma
    • Shared this from Anti-Profiteering

      Proud to share that this complaint of mine may have been processed by anti profiteering body. They have booked loreal for 186 crores of profiteering. long live consumer movement of india. be vigila...

      By Anil Mehta
    • Govt to reward receipt taking and reporting

      I am so glad that the Government is so actively taking up complaints posting in this circle. Yesterday they fined Nestle 73 crores for profiteering, I believe was reported in this circle and they h...

      By Garima Sharma
    • GST

      already we are blocking the working capital by paying the advance GST for all imports, to get back from the market it takes minimum of 5 to 6 months. If further increase all small scale industries ...

      By Anonymous Circle member
    • GST Rate Increase

      Reading in the news that the Government is considering increasing gst rate from 5% to 6% for items in this bracket? Issues - Since the difference is small, will be very difficult to catch profiteer...

      By Ajay Dutta
    • Saving due to GST 320 per month

      Finance Ministry’s attached calculation is showing that due GST every household on average is saving 320 per month. Can everyone please review and share their feedback. Is it more ...

      By Sridhar Mohan
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.)