GST of 35%
The proposed increase of the Goods and Services Tax (GST) on 150 items, including quality footwear, shoes, clothing, and more, to 35% requires a reevaluation of consumption patterns. If this policy is enacted, I would be forced to boycott purchases from branded stores and instead consider alternatives abroad, potentially sourcing from markets like Vietnam.
This increase will also impact millions of small business owners, as changing consumption patterns and higher taxes will likely reduce sales.
It is essential for the finance ministry to reconsider this direction, as such tax hikes could stifle consumption rather than boost economic activity. A more favorable approach would be to lower GST rates uniformly to 5% and 12%, instead of raising them to 18% and 35%.
Additionally, the principle of equity will be compromised if rates are raised to 35%. more
This increase will also impact millions of small business owners, as changing consumption patterns and higher taxes will likely reduce sales.
It is essential for the finance ministry to reconsider this direction, as such tax hikes could stifle consumption rather than boost economic activity. A more favorable approach would be to lower GST rates uniformly to 5% and 12%, instead of raising them to 18% and 35%.
Additionally, the principle of equity will be compromised if rates are raised to 35%. more
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Due to the election, the government is so buoyed up that it has become reckless and have started taxing the people. Why did the people vote for them when they know the prices of all commodities will go up and everyone will profiteer. more
20 m ago
If this is so much a problem then these people should leave the country and go some other country and taste the democracy there. more
5 h ago
govt should promote manufacturing of high end items also and hopefully if the 35%gst makes organisations to start manufacturing them here then it is in the right direction otherwise much cannot be achieved in this endeavour more
Dec 03
The Govt needs to catch the gst defaulters and recover the dues and penalties from them and also plug the loop holes in the input tax credit. This, along with reduction in gst for the common Indian's items, would boost the economy. more
Dec 03
