Changes in MRP due GST
For those members who are not in the MRP Enforcement circle (available via http://bit.ly/mrp-enforcement), please note that the Department of Consumer Affairs has allowed the manufacturers or packers or importers of pre-packaged commodities to declare the change retail sale price (MRP) on the unsold stock manufactured/ packed/ imported prior to 1st July, 2017 after inclusion of the increased amount of tax due to GST if any, in addition to the existing retail sale price (MRP), for three months w.e.f. 1st July 2017 to 30th September, 2017. Attached are all the details and communication to state legal metrology controllers.
Declaration of the changed retail sale price (MRP) shall be made by way of stamping or putting sticker or online printing, as the case may be.
It is also clarified that ‘for reducing the Maximum Retail Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer, as the case may be, on the label of the package’. more
Declaration of the changed retail sale price (MRP) shall be made by way of stamping or putting sticker or online printing, as the case may be.
It is also clarified that ‘for reducing the Maximum Retail Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer, as the case may be, on the label of the package’. more
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Oct 31
GST. Is good one. Still now Those who seles without RC. and with out paid any tax to govt. They will only commit to pay tax to govt. It is good one. more
Jul 07
The GST IS A GOOD CONCEPT . BUT THE OLD HORSES IN THE DEPARTMENT HAVEN'T UNDERSTOOD . OTHERWISE THEY SHOULD HAVE FORESEEN THIS BEFORE 4TH JULY AND SENT THE RULES. more
Jul 07
What is the increased amount of tax on MRP ? It should be the increased component i, earlier the tax would have been 12% and after GST 15 % . So it should be only 3% on the earlier MRP. Other wise customer will land up paying tax twice . Or the indiscreet trader will make hay during these 3 months. GOVERNMENT SHOULD CLEARLY PUT THIS RULE THAT ONLY THE DIFFERENCE BETWEEN THE PREVIOUS AND PRESENT TAX STRUCTURES TO BE CHARGED . And public should know what is the difference to be paid . more
Jul 07
The whole GST is a half-baked concept. If you are media savvy, you will know that most of the taxes what we pay goes towards paying the huge battalion of Government servants in Centre, States & Local bodies and in all sorts of places whose output is to harass the citizens. The pathetic condition of the Government Depts can be understood only when you visit them. Normally, you cannot get access to any Dept. without facing some touts or glorified consultants. Go to Motor Vehicles Dept of any state and try to get anything done. Unless you pass through these channels you will have a tough time to get anything done.
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
Jul 07
The whole GST is a half-baked concept. If you are media savvy, you will know that most of the taxes what we pay goes towards paying the huge battalion of Government servants in Centre, States & Local bodies and in all sorts of places whose output is to harass the citizens. The pathetic condition of the Government Depts can be understood only when you visit them. Normally, you cannot get access to any Dept. without facing some touts or glorified consultants. Go to Motor Vehicles Dept of any state and try to get anything done. Unless you pass through these channels you will have a tough time to get anything done.
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
Jul 07
I frequently travel between Delhi- NOIDA-Delhi by OLA or Uber taxi. On 5 July 17 I travelled from Delhi to NOIDA by OLA cab (CRN847529831). OLA charged me Rs 100/- towards U P entry tax. I understand that all entry taxes stand abolished after implementation of GST. Consumer affair department may kindly clarify. Similarly UBER cab also charged me MCD tax of Rs 105/- on 6 Jul 17 and 5% GST over this RS 105'- more
Jul 06
The whole GST is a half-baked concept. If you are media savvy, you will know that most of the taxes what we pay goes towards paying the huge battalion of Government servants in Centre, States & Local bodies and in all sorts of places whose output is to harass the citizens. The pathetic condition of the Government Depts can be understood only when you visit them. Normally, you cannot get access to any Dept. without facing some touts or glorified consultants. Go to Motor Vehicles Dept of any state and try to get anything done. Unless you pass through these channels you will have a tough time to get anything done.
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
Jul 07
The whole GST is a half-baked concept. If you are media savvy, you will know that most of the taxes what we pay goes towards paying the huge battalion of Government servants in Centre, States & Local bodies and in all sorts of places whose output is to harass the citizens. The pathetic condition of the Government Depts can be understood only when you visit them. Normally, you cannot get access to any Dept. without facing some touts or glorified consultants. Go to Motor Vehicles Dept of any state and try to get anything done. Unless you pass through these channels you will have a tough time to get anything done.
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
And regarding Income Tax Dept, the amount collected by Govt. from Individuals & Companies do not add up to the cost of maintaining the Dept. Their sole purpose is to finger salaried class & people who oppose the vested interests in positions of power. The tax evaders grease off the palms of decision makers regularly and keep the chain of black money going.
The Government has produced after about 17 years of deliberation a GST system which is an absolute nuisance and nobody will know what is happening. It has replaced an already existing cumbersome system with another one equally complicated and it is not a 'GOOD & SIMPLE TAX' as being highlighted. The Government in its enthusiasm of doing some spectacular photo-finish reforms has totally forgotten the simple logic that if any system is simple it will work & the chances of failure will be more if it is complicated. Like any other thing, Indian psyche is to copy & not to innovate. I present below a simple system which will be a real path-breaking reform and will benefit everybody except the vested interests i.e the political class & bureaucracy who wants to have a complicated system so that nobody can understand what is happening and keep everybody confused, so that they can milk the masses all the way to the bank. Recent glorious sample is DEMONETIZATION. Even after 6 months of the hyped event nobody knows what the outcome of the whole exercise is except that BJP has swept the important state assembly elections.
Now, my suggestions are briefly given below. Full idea is available on request.
1. The Government will fully come out from all commercial activities including Railways, Healthcare & Education. All present public sector / Govt establishments are to be privatized with Government holding 49% of ownership.
2. Income Tax for Individuals & also companies to be totally abolished. So it will reduce conspicuous consumption & all savings will go to Bank and used for development.
3. Only source of tax to the Government will be a Transaction Tax which will be levied only for Goods & services sold to the final individual consumers. In any consumable goods & services category, there will be only two slabs one lower one for mass consumption & other one Luxury which will be much higher.
4. Goods will be only in 3 categories: ready consumable, ready consumable / intermediary and Intermediary. No tax for Intermediary use, Transaction tax only for ready consumables
used by Individuals.
5. No Transaction tax for Capital goods used for production/business. Example: Commercial vehicles used for Goods/public transportation.
6. Movement of goods & services will be seamless throughout India as there will be no tax barriers and no question of producing or consuming states. All expenses of the Central, State & Local bodies will be distributed from the collection of Transaction tax from the whole country. There will be substantial reduction of no. of employees in the Govt. & will result in huge saving in public expenditure.
7. All commercial enterprises have to enter in a Govt. maintained centralised system day-to-day activities of the business and the data thus collected will be used for planning by Govt. & private sector for efficiency.
8. The concept starts from the fact that ultimately all activities carried out by Individuals are transformed into Goods & Services to be consumed by the Individuals only.
So, is it simple enough or not? Whole detailed concept is available on request. more
Jul 07
