The objective and rationale underlying the introduction of GST is elimination of the cascading effect of multiple taxes--State Sales Tax of one State upon the State Sales Tax and upon the Central Sales Tax as also upon the Excise Duty etc.-- and the resultant additional burden that impinged on the consumer, the ultimate bearer of the burden. There is no evidence as yet that the consumer has stood to gain consequent to introduction of the GST and elimination of the cascading effect. The assumption was that the vendors of goods and services pass on to the consumers the benefit resulting from elimination of the cascading effect.At least ten of the goods and ten of the services, commonly consumed where the cascading effect was the highest should be subjected to study and the results should be made known for the information of the public. more
GST benefits will come forth. First all the line ups of trucks on the highways for octroi, sales tax, police checks and bribes for officials has gone out of the window. The bigger benefits of lowering of GST Rates are yet to appear. more
Very Correct. Analysis of GST Returns, Checks that may be opted ever control means Tax Evasion. Source of Evasion i..e., restricting Cash Sales to Rs.199/- lead to a permanent controls of Corruption and Black Money . more
On the name of GST Consumer was duped and Producer did not got benefit - While still many are not paying GST to Government. There is no proper control on Market more
In the business I am having, I donât find any change in prices being reduced to buyers or sellers and the burden of investment has increased since 28% GST also has to be paid along with orders with most suppliers and to be paid immediately the supply is received and if the stock is left over for more than a month, the interest will eat away the meagre margin. On tender enquiries of private and -Govt. ,both state and central, the payment is heavily delayed besides security deposit, EMD, Tender form cost. I am in business since 65 years and do not find worth continuing the business and planning to close down. Many business people are closing down and rent out the building and relax at home peacefully. Added to it, many unscrupulous suppliers while importing get supplies at the reduced prices and supply mostly without bill and GST and such buyers who are in a good percentage have become a threat to the honest trader. There is no end to this matter. From: Sastry Vemoory [mailto:support@localcirclesmail.com] Sent: 22 June 2018 11:08 To: kns@tradelinksworld.com Subject: "GST--Benefit to the con..." more
Shifting from the traditional taxing structure & system, in which we were accustomed for last 70 years, to a new one having no resemblance, itself is a great & risky task. It needs a greater transitional period for the people to become accustomed with and the initial teething problems we are facing with are natural. There is no need to be disheartened. The nation and its people are certainly going to realise its positive effect in the coming future. The nations which have already introduced GST earlier had also some set back in the initial stage but once people had become accustomed with it, everything had become normal and GST is now indispensable thereat. But India's over-rotten political system is the biggest hindrance in its way to settle and acceptance by the people of all sections for a better future. Instead of supporting it for a better India tomorrow, all our opposition parties are misguiding our people against it to gain political mileage. However, the government should have had positive view while fixing up the tax structures on different commodities and services to ensure that the citizens are not unnecessarily burdened with additional taxes on account of GST. In no way its decision to have a tax-slab of 28% on various commodities and to fix the service tax to the next upper slab(18%) could be justified and appreciated. Its decision to keep petroleum products out of the purview of GST also raise fingers on its intention & fairness. It also did a blunder in introducing the new tax system in a hurry without making enough arrangements for its smooth implementation & working without creating any major hurdles for the business community and the consumers as also to ensure against evasion of tax liabilities by any one by making their tax department people more responsive and co-operative. more
GST Returns which are only controlling checks of Business getting willfully criticized. We have more than enough individuals too in Accounting and Audit and, to be used promptly . States are not yet deployed their Staff with set responsibility on GST clarification and implementation . more
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