How Middle Class Has Suffered in Last 9 Years.

Even though PM has been advocating SABKA SATH SABKA VIKAS SABKA VISHWAS, the reality is something else which he may not be even aware of. The Bureaucrats who are running the government have implemented following anti people policies to hurt middle class citizens and senior citizens:-
1. Senior Citizen Concession in train travel, an existing facility removed.
2. Interest rate of Senior Citizen Savings Scheme 2004 a welfare scheme, drastically reduced from 9.3% to 7.4% and now revised to 8.2%. This scheme was for retirees of private sector, who do not get pension, to provide them with a regular income stream to meet day to day expenses. Interest income is taxable. The interest rate was increased to 9.3% from 9% in April 2015 after 11 years. The interest rate was to increase in sync with inflation.
3. GST @18% levied on members contribution towards common expenses exceeding 7500 p.m. It is an accepted fact that Coop. Hsg. Societies are not a commercial or business entity and is solely registered for convenience of members.
There was no Service Tax earlier. The contribution increases due to repair and renovation of old buildings.
4. GST @18% levied on TV viewing. Today TV is viewed by poor people also and this is only making Cable TV Operators rich as they do not issue a tax invoice. GST for TV viewing should be revoked or reduced to 5%.
5. Bureaucrats have left a Loophole in GST for fraud and corruption. It is known as Input Tax Credit. According to data published by Government for One Lakh GST received by govt. the input tax credit (ITC) claimed is Four Lakhs. This has resulted in fraudulent claims of ITC running into thousands of crores and opportunity for corruption.
6. All requests and suggestions to Government for reworking GST rates without ITC through Local Circles have fallen on deaf ears.
We request Local Circles to kindly bring the above issues to the notice of PM. more