GST business survey of Local Circles
Good to see this survey published by Economic Times. Has LC shared the same with the Finance Ministry/GST Council? Kindly confirm.
http://economictimes.indiatimes.com/news/economy/policy/scope-for-reducing-gst-slabs-hints-fm-arun-jaitley/articleshow/60899872.cms more
http://economictimes.indiatimes.com/news/economy/policy/scope-for-reducing-gst-slabs-hints-fm-arun-jaitley/articleshow/60899872.cms more
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The whole design of GST is wrong. The problems of our country cannot be solved by borrowed concepts and also not by people who are not innovative. In last 17 years of GST discussion, there was no talk of developing a system which is simple & robust for the size of the country and population. A computerized system is not a manual way of doing things that can be changed whimsically. It is the job of the system designer who has to come up with the configuration and layout of the system to migrate to a well designed advanced and integrated system that can deliver much more than present in coming times. If required, some changes in the present system of taxation also to be considered to simplify the system. All these things along with all other information like inventory, labour & capacity utilization of the whole economy should be available from the system so that proper development of the economy can be achieved with optimum utilization of resources including HR which is very important. But, the whole opportunity is lost because the whole idea of the exercise has been for tax collection only. And everybody knows that nobody wants to pay taxes willingly as it goes only one way to feed the corrupt bureaucracy and the powerful. Because of the non-inclusive nature of the GST, it will not be able to fulfil the requirements of the country more
Oct 10
After GST there is no decrease in prices of food and other items to the consumer. To be true, the GST has to be levied only at the last stage of transaction of the product; i.e., retailer to consumer level. If GST is levied at various levels from manufacturer to retailer it amounts to multiple taxing. This is what the Government is doing now with certain exemptions etc.  On Thursday, October 5, 2017, 2:42:11 PM GMT+5:30, Ajay Shah wrote: more
Oct 05
FM Jaitley with full knowledge of the consequences drove the country into wilderness of GST and now he is asking for opinion polls. By deferring the filing he is only going to make the situation worse, as everybody knows accounting specially on-line data entry is best done in real time. This delaying mess is going to make more problems and make the pain UN-bearable. Retail Prices of everyday needs like fruits, vegetables and loose items are all on the rise making excuse of GST. You can't fight each & every vendor. They are saying educated class asked for it and now feel the result. Any answers by our great Advocate turned FM? more
Oct 05
It's a rubbish design to start with. I, being a software person, know exactly where the design problem is. A computer system requires clear logic not illogical & whimsical logic of the corrupt and the system will slow down if there are too many ifs and buts in it. more
Oct 10
Right, 100%. These BJPs never had any solid material in them, just like Vjapayee, Advani, etc. They are just playing with our sentiments and hopes that they will be better than dreadful Congress. But every time, we see a new chapter of the same book! Good people must take charge. Why do you want any answer from a slippery guy like Jaitley? And never to forget, Modi is directing it all. more
Oct 05
