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 will be closed permanently. more
It's been in the news lately that the government mulls over increasing GST rates, and there's talk of minimum 5% along the board. It appears that the bench making such drastic decisions have little knowledge of human psyche. Smaller increments from time to time would not attract so much attention and ire of the consumer community as a jump of 5% in one go. Germany started with a GST of 2% and after two decades they are around 20% or more. One hears a similar story about Singapore. The Law of Economics and the Law of Human Psyche are different ball games. Trying to fill State coffers in a short period of time cannot help lift sagging economies. It's generally on the contrary, and does not earn public support but only their wrath. more
Majority of the products presently on 5% GST bracket were attracting higher rates at the initial stage of GST and gradually brought down. And the logic that if the rate in some cases is now increased negligibly, how will it result in closing down all the small scale industries for ever, is not clear. Moreover, do all our small scale industries depend on imported items & raw materials to function? Expression of unfounded fears only creates despair in the society. more
there is no doubt in this that MSME will get financial strangulation. GOVT must give better "no" best alternative for such MSME Imports. or these MSME will get in to financial sickness before stat up and stand up in business . more
The Govt needs to review seriously why a wedding in a 5 star or good hotel costs 2 or 3 times the cost in Thailand or Sri Lanka etc in a better hotel or resort . A normal room costing 12000/night b...
Schools are supposed to be trusts but they are profiteering in India. 1 lakh a quarter for fee or 4 lakhs a year in good private schools. Just a decade back it used be 1.2 lakhs a year in fee. Will...
It's very true! The glaring example is the garment industry, besides similar others. They fix the price themselves, and God knows! who has checked their costing to arrive at it. They show a higher ...
Kinnow farmers in Punjab get only Rs 10 per kg for their harvest. Retailers are charging 50 per kg. Why are the so called ecommerce platforms not interjecting themselves in this network ...
Serious shame on airlines. They profiteer to the moon by charging for everything and unlimited fares for last minute travels. Now they say Your flights to cost more as fliers to shoulder...
I dont know if its just me or others feel it too, it appears that airlines have an understanding when it comes to airfare that let us charge a minimum airfare for a particular sector. With only 2-3...
average room rates in 5-star hotels in Delhi could be 50-60% higher than usual, with the cost of a presidential suite touching the Rs 20 lakh mark during September 5-10. I mean have we ...
वित्त मंत्रालय ने संसद में बताया है कि सरकारी और पाँच प्राईवेट बैंकों ने मिलकर 2018 से लेकर अब तक जनता से शुल्क के रूप में 35000 करोड़ ₹ वसूले है। खाते में न्यूनतम रक़म नहीं होने से - 2...
By Garima Sharma
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