Govt considering increasing GST rates
Because of all the shortfall seems like Govt is considering increasing GST rates. It is looking raising rates on goods and services attracting zero tax to 5 per cent, and to 12 per cent from 5 per cent for some line items.
Can localcircles please conduct polls and escalate the final finding to Govt. It should not be done in an irrational way please. more
Can localcircles please conduct polls and escalate the final finding to Govt. It should not be done in an irrational way please. more
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The buyer should get some income tax reductions on the gst paid on the invoices. Also digital payment should be cheaper than the cash payment. We need to look long term solution than quick fixes more
Oct 16
Increasing GST is not a good solution but it is easy to implement for govt. It helps traders/consumer to find innovative way to avoid to pay GST. Consumer may lower purchasing. Govt should try to lower GST rate and add more traders/Manufacture in GST NET. more
Oct 14
The suggested increase in gst will further slowdown the Indian economy, force non-invoice buying and selling, impact consumption. more
Oct 12
