As I understand, we tax payers money is to be used for the nation building and not to support freebies promised by various parties as election promises. Take any election and the promises always includes loan waiver, free ration and so on. The funds for these freebies, I believe, comes out of govt. exchequer built on honest tax payer's money.
Any party making such promises should fund these out of their own corpus and not from govt exchequer.
The tragedy of today's India is that;
-The Richest (industrialists) and the Poorest (farmers) of India want Loan Waiver
- Middle Class are born to support the above two class and pay EMIs for their lifetime. more
"GST Council has decided to extend the unbundling of bills beyond healthcare for all categories of services." i.e. your getting separate bills for taxable and non-taxable components that include services exempt under the goods and services tax (GST) regime.
Obviously, the Govt of India in the GST Council has had not done its exercise before implementing the GST but introduced charging you and me the GST on items that are exempted from GST. And, I say, since this collection of GST is under law with stiff conditions for non-payment and is also impacting the Income Tax indirectly it is nothing but a coercive method. NOW SEE HOW IT IS TERMED "DIVERSION" OF THE ILLEGAL TAX SO COLLECTED. more
How, do you think, the money wrongly collected from consumers on exempted items will be identified, and how the consumers would be able to claim the same and get the refund? Your response will be appreciated. more
Some states increased VAT just before implementation of GST to get benefits when the Central pool of taxes gets distributed amongst states ( This distribution has to be done by central government for 5 years). There are still lot of leakages in the tax collection system which over a period of time maybe sorted out by innovative methods . For the government agencies ( both State and Central ) and the bureaucrats have a challenging time to design a system which is agreeable to all stake holders. more