GST Rates - rationalise to avoid evasion.

I feel the GST rates are exorbitant, 18% on spare parts / labour- I feel has it been 10% parts & 5% labour would have garnered more revenue, with more & more consumers willing to pay without hesitation. The rate of GST is on higher side in case of insurance/bank charges. more  

View all 6 comments Below 6 comments
I agree that people have to be honest in paying their legitimate Taxes. Once this happens to a large extent, the rate of taxation would automatically be reduced. Further, I also agree that Rich Agriculturists, or those earning beyond Rs. 10,00,000 a year MUST BE INCLUDED IN THE TAX NET.
Mr. Shishir Kant says that Government is GREEDY. This is a STUPID analysis. Iam sure such people are those who do not pay taxes and cheat the Country and the people. more  
Are all the people paying taxes honestly?The day this will start automatically Govt will reduce taxes.Another is rich Agriculturist must be taxed.This will give good boost to the tax collection.Now a days it has been seen that many a rich people are trying to obtain the tag of Agriculturist so that they can avoid paying taxes. more  
We have no alternative to GREEDY GOVERNMENT working on illogical approach. more  
I think Sanjeev kumar is missing the point of erstwhile Excise duty+State taxes VAT+octroi, Service tax+cess etc., which is now unified into single GST hence looks bigger. For B2B input credits will offset Output GST payable. Most traders pass on this differential benefits to B2C customers. Hope this is clear. more  
with due respect, Kindly read my suggestion is towards service/ job/ labour components, where only a service tax @12% was levied earlier, Now it is 18% GST in most cases, My view is had it been lower would have encouraged people to pay upfront & even traders would have pushed hard their customers to pay, than offering excuse. more  
I do hope that a "GENTLE MAN" by the name of Shirir kant will also read your remarks on GST. There are many people like him who do not know what GST really is and calls the government GREEDY. This itself is gross stupidity more  
Post a Comment

Related Posts

    • Rule 36(4) of SGCT Rules 2017

      Can anybody explain Rule 36(4) of the GST Rules 2017 which restricts availment of credit to 120% now revised to 110% that deems credit claimed as inadmissable?

      By Ashish Agarwal
      /
    • ITC denial

      This is internal finance ministry communication. Does this mean ITC is being denied to meet targets?

      By Rohit Jain
      /
    • Abolish Input Tax Credit system

      Heading in Times of India 21 January 2020 “Trading firm director held in ₹10-crore GST scam The Thane wing of the CGST arrested Vinit Agarwal, director of Hemraj Devkarandas Metals ...

      By MOHIT PANDE
      /
    • GST registrations getting cancelled

      Now the non-filing of Goods and Services Tax (GST) returns is leading to attachment of bank accounts or cancellation of registration and many are worried. According to the GST law, it i...

      By Vishal Khanna
      /
    • UNREGISTERED DEALER CRITERIA

      Who can do business as an unregistered dealer under GST. Thanks - Sailesh

      By SHAILESH RAO
      /
    • clarification

      I would like clarification, whether a fund collected annually ,and spent on the benificiaries;which amount to roughly Rs 50 to 60 lakhs for our regular get-togethers be subjected to GST authorities...

      By Vadakke Raman
      /
    • Bribery in GST

      I am getting reports that magnitude of bribery on gst related matters has gone up. The excuse given is “sir risk badh gaya hai” you need to pay more. There are man...

      By RN Chopra
      /
    • GST ON COMMERCIAL SPACE ON RENT

      Can someone please clarify is GST is to be paid by the Property owner for premises given on rent for commercial purpose? If yes, is the owner required to file for GST as regular or Composition deal...

      By SHAILESH RAO
      /
    • GST for aerated/energy drinks

      I recently downloaded the latest price list from Amway's newly launched website and was shocked to see all their energy drinks were charged @ 40% ( price list attached). Could someone please let me...

      By Neeru Sood
      /
    • FASTag

      Double fare is only when you enter a fastag lane without Fastag as it will slow down people having Fastag. If you are willing to go on the cash lane then there is normal fare pay by cash or credit ...

      By Sreenivasan Sabapathi
      /
    • fast tag

      fast tag is useful only when anyone uses the National Highways which are tolled. But can it be imposed by effectively requiring a prepayment for toll road facility which may or may not be used ? I ...

      By Suresh Gopinathan
      /
Share
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.)