If someone ends up buying ductable or VRV AC etc as an individual and not for business, is there any way for them to get some tax break in their income taxes. These items are charged at 28% tax rate.
Dear Friend The tax is to be paid by the consumer.Then how can it be given as ITC? GST avoid cascading effect of tax and hence there could be a drop in cost to consumer more
What nonsense is this with the government that consumers and the common man have to dish it out, pay taxes and not get anything in return. This government is for the traders and not for the common middleclass man. more
A PERMENANT GST NUMBER SHOULD BE PROVIDED BASED ON AADHAR AND THAT SHOULD BE PLACED IN THE GST SYSTEM TO GET THE REFUND OF TAXES AS DECIDED BY THE GST COUNCIL. THE HON'ble FINANCE & COMMERCE MINISTERS SHOULD CONSIDER IN THE INTEREST OF INDIVIDUALS PURCHASING FOR THE BUILDINGS - OWN CONSUMPTION. more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...
By Sunita Varghese
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