I am agreed that GST is amalgamation of few taxes , but why it has resulted in hike of rates of commodities in market . If there is hike in rates , then it is just exploitation of common man in the name of GST . Ultimately end users has to bear the hike in rates . This hike in rate is troublesome . Leaders , ministers, MP s , MLA , officers and Government employees has to understand that others don't have same salaries, securities and facilities as they have . Hike was not expected . more
The hurry shown by the Govt inspite of the time it has. they were not keen in setting up the mechanism to inspect or to protect the public from the merchants. The Govt also as usual with the deaf ears so that the problem will settle by its own. Ultimately the common continue to suffer and loosr more
CONSIDER THE CASE OF RETAILER SELLING GOODS & SERVICES ( READY MADE FABRICS, FOOD IN THE RESTAURANT ETC ETC ) TO THE COMMON CITIZEN . NORMALLY THEIR SALES ARE ON CASH BASIS. RETAILER CHARGES GST OF 18 % TO THE CITIZEN. HOW CITIZEN IS ASSURED THAT THEIR PAID TAX IS DEPOSITED IN GOVERNMENT TREASURY. more
You are absolutely correct. Our government is addicted to increasing taxes at no need. Its excuse of saying that all money goes for development is not all correct. Most of its schemes are aimed at giving things to large population who do not pay any taxes at the cost of tax payers. Not everything it does has anything to do with development. Some experts call it vote bank strategy. Previously parties were using their own funds to appease voters from this poor class. BJP has begun to use tax government money to do that. Since that population is much bigger probably BJP thinks that it shall get them advantage in next election. more
The GST initiative has really made the public, politicians, traders, manufacturers, officers and state governments by surprise. Now the public will suffer instead being benifited by GST as you rightly pointed out all the sufferings and pains in the implimentation by the traders, officers and politicians. more
One nation one tax GST is a best implement, i have registered my company in Maharastra if i purchase from gujarat and sale to other state it is ok but purchase from Gujarat and sale in the same state it is not possible for that i have to registered in gujarat even though one tax is implement, for small business man it is difficult to registered and maintain it, i think it needs some change in the law so that small business man also get the same opportunity, i hope this massage will may reach to authority through local circle. more
Instead of keeping the GST good and simple tax as envisaged by PM Modiji, the Babus in Ministry of Finance left a loop hole of ÏNPUT TAX CREDIT" (ITC) for corruption. As per government ITC is ...
This is an Appeal to Government. Sir request you to kindly exempt Senior Citizens owners of flats in Cooperative housing Societies from 18% GST on their monthly contribution towards common ex...
Headlines in Times of India today: “Nearly 25% of 69K suspected GST a/c fake” Vanished after availing benefits of almost Rs.15K Crores, reveals Special Drive of CBIC. We ...
Report in Business Standard March 2018 India has the highest standard GST rate in Asia, and second highest in the world after Chile The Indian Goods and Services Tax (GST) system is among...
A housing society is not an industry, the Bombay high court has ruled. Justice Suresh Gupte, in an order, quashed a labour court's order asking a housing society in Mumbai to reinstate a watchman w...
Confederation of All India Traders (CAIT) has said in a press release that Much against the declared spirit of GST as Good & Simple Tax, the GST has become a ‘colonial taxation system&rdq...
A housing society is not an industry, the Bombay high court has ruled. Justice Suresh Gupte, in an order, quashed a labour court's order asking a housing society in Mumbai to reinstate a watchman w...
Attached please find a Press Note Visakhapatnam GST Intelligence arrests CA for major GST fraud. The provision of Input Tax Credit is being used for GST fraud. The Finance Ministry and G...
Section 2(17) of the CGST Act: ““business” includes– (e) provision by a club, association, society, or any such body (for a subscription or any other consideration...
Headlines in Times of India in 2020 • 3 bizmen pull off Rs 2,300 crore GST fraud with fake invoices, held in Mumbai • State GST Ludhiana arrests three for claiming forged ...
Times of India, November 12, 2020 Rs.400 Crore GST Fraud, 4 held Times of India, November 13, 2020 2 Directors of Pvt Firms arrested in Rs.520 Crore GST Fraud Investigators foun...
By MOHIT PANDE
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