It is important to fix one rate on one product as GST covers the entire value chain of the product. Taxing various variants of one product on different rates, produced in same factory with similar raw material& labour, does not make sense.
lET ALL AIR LINES AND RAILWAYS FIX MRP FOR PEAK LOAD PERIODS / DAYS AND CAN DISCOUNT IN LEAN PERIODS IF THEY SO WISH. THEY SHOULD SHEN AWAY EXPLOITATION OF HELPLESS URGENTLY NEEDING. THE SEATS ARE OR NOT AVAILABLE. YES THEY CAN CHARGE EXORBITANTLY IF CREATING ADDITIONAL SEATS OR BY ACCOMMODATING ON THEIR STAFF'S BERTHS/SEATS more
items of mass consumption for middle and lower class need to be lower than high end products which cater only to the rich people who can afford to pay more and who will not buy the basic model since as everyone knows it is below their status to have a say a 165 litre refrigerator than a double door 800 litre which middle class people may not buy it more
Tomorrow you will say.... why higher Income tax rate for people earning salary of, say, Rs. 50 lakhs for month? Let them pay the same rate of Income Tax as those earning Rs. 40,000/- a month? more
The idea is to tax more for items of higher cost. Whats wrong in that? If you can afford a Refrigerator costing 1,00,000/- you can as well pay 6% higher Tax. Nothing wrong in that. more
Car is a fixed asset , it depreciates. If you sell a used car either you make profit or loss. Hence it should be subject LTCG/STCG tax only if you make profit. How is selling a used car misco...
The GST hair splitting over Popcorn is but a symbol of how theGovt has spectacularly failed in taming the bureaucracy. In 2014 when this Govt came to power they promised to make simpler laws. And t...
Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
By Sudesh Rai
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