Points to remember before you participate in this discussion:
|Amarjeet said: (Jun 16, 2020)|
In my opinion, Yes GST is really one nation, One tax system.
GST means goods and service tax which is induced by the central government after eradicating of the old regime. Before the GST, the tax system of our country become so wider. There is different tax policy for different goods and service and these tax also varies with the state due to which same product have different rate in a different state. But after the commencement of GST, All tax has been marge in the form of GST with the special categories viz.
In GST different product has considered as the different rate of percentage tax policy. This tax policy implemented by the central government of India so each state has to virtuous it. So this tax policy reduces the differentiation of product price of a different state.
So, like that, it is called one nation one tax.
|Tanmay Biswas said: (Jun 9, 2020)|
|Good morning sir,
Thank you so much for giving such an opportunity to express my views over Gst.
Yes, I support this central govt idea. It is very good initiatives one nation one tax system. For this, the whole country will be given the same tax for the same thing. For this, there is no variation of price of an element in the whole country and Unscrupulous businessman don't fulfilment their bad intention. If it properly implemented in our country the economy of our country will grow faster. So the government should look at the matter if it implements all over the country uniformly. Thank you once again.
|Shaik Ismail said: (Apr 6, 2020)|
|Hi every one!
I can say that GST is one nation tax. Why because before the GST system we have more indirect taxes like excuse duty, entertainment tax and many. So the central government merge all those taxes and implemented only one tax that is GST. Not only in India most of the developed countries like the USA also implements one. Nation one tax. GST is a tax that reduces the risk factor of the taxpayers.
As we have seen state government provides tax percentage as they like either it is fair enough or not we know. It will create discrimination among taxpayers. To eradicate all these problems Government of India decided to implement the same tax system entire India. So they decide to implement GST [Goods and services tax].
And these tax rates are not fixed. They may be changed according to the present economic position of the country like mostly recently govt of India reduces tax rates due to coronavirus.
So, friends, it is for development of the nation. So we can say that GST is one tax for one nation.
|Deepak Raj Joshi said: (Feb 16, 2020)|
|According to me GST, that is goods and service tax is one nation tax because if we talk about old regime whether there are many taxes like on the manufacturer excise duty was levied on the interstate sale CST (central excise duty) was levied. But now in the current regime, many taxes are Subsumed and one tax is implemented which is a destination-based tax levied on the supply of goods and services. CGST, IGST, UTGST OF EVERY state is almost similar by this there is also benefit of ease in different states tax system however there is some category of goods which are outside the ambit of fat like Liquior, crude oil, petroleum oil, etc.|
|Jitendra Kumar Muduli said: (Sep 24, 2019)|
|Yes, according to me, GST is one nation one tax system.
Because, previously there were lots of tax living by states and central governments like the Central Government levies tax on manufacture (Central Excise duty), provision of services (Service Tax), interstate sale of goods (CST levied by the Centre but collected and appropriated by the States) and the State Governments levy tax on retail sales (VAT), entry of goods in the State (Entry Tax), Luxury Tax, Purchase Tax, etc.
Now there is one tax system in India now.
1) it will attract foreign investment due to the simplified tax system.
2) improved the ease of doing business.
1) Petrol, diesel, natural gas are not I GST slab.
2) It is because of both central govt and state govt enjoying great tax from the old tax system.
|Manish said: (Sep 13, 2019)|
Is GST really One nation, One tax system?
I would probably say no because in spite of having GST (goods and service tax) people put service tax as extra which is already included in GST.
Many businesses run like this and people will not be aware of it.
People need to be very careful and see what they are paying for.
At times society needs to raise voice against such acts.
Many of them just ignore such things even though if they are aware of them.
We are in a DEMOCRATIC country and we have all the rights to question and most importantly at the end of the day it is all upon us and we have to go by the rules.
|Arun said: (Sep 3, 2019)|
|GST is one Nation one Tax?
Definitely no everyone aware that we have difference GST slots but it is not applicable to liquor and petroleum it clearly shows we are not under one Nation one tax system. I am not going to give any statics but I'm going to tell how it affected my life before GST I was watching movies at balcony now ticket rate is become increased so I can't afford that price then I start watching the movie from first-class second class ticket and I plan to buy a car before GST the price was 600000 rupee after GST it becomes 700000 these are the simple example which we could relate with our self everyone can understand but there are so many things we are getting affected without our knowledge after the GST India have faced economic crisis because so many scale industries are destroyed if this government not reduce the percentage of GST slots India will face much crisis in future.
|Abhijeet said: (Jul 31, 2019)|
First of all, I would like to thank you for giving me a great opportunity to speak in front of you.
GST implemented by the government of India with Tagline of one Nation one tax.
Some of the merits of this system are:
One Nation one tax -Before the implementation of GST, a number of taxes were implemented by the states on a single good like excise duty, VAT, entertainment tax etc. Since the states are imposing the tax accordingly, the prices of similar good in different regions of the country becomes different. GST has successfully eradicated all these taxes.
Clear idea about taxation system- Before GST people were unaware of the percentage of taxes to be paid on a good but after implementation of GST 5 slots were made, 0% 5% 12% 18% and 28% and the goods are distributed in the class accordingly now peoples know how much they are paying on it.
Development of country -since the amount to be paid on a single item is the same all over the country it will automatically lead to the growth of GDP.
Tax collection increased - before the implementation of GST there are a lot of shopkeepers who are not registered and practising. But after GST it became mandatory for all to get their name registered. So the number of taxpayers increased and automatically tax collection increased.
Some of the demerits of this system are.
Petroleum And alcoholic products after not kept in any slot of GST. Since their daily usable products, they should be assigned their slot, but it is not.
Since no special training with given by the government to the shopkeeper about the registration with GST, shopkeeper suffered a lot.
Since the prices of some of the goods increased within no time, customers suffered a lot.
|Sandeep said: (Jul 29, 2019)|
|Gst is goods and service tax implemented by the government of India in 2017 by eliminating all type of taxes such as service tax, excise duty etc and merge them into a single tax. However it is said to be one nation one tax but this line doesn't suit the system, as get is not implemented over petroleum and alcoholic product so indirectly a large no of taxes enjoyed by the government.
All we can say that it has merit as well as a demerit. Merit like we get the stuff in the same price all over India and demerit as I have mentioned above.
|Shree said: (Jun 29, 2019)|
|GST replaces taxes like service tax, entertainment tax, VAT, and some other taxes with a single tax.
It helps to collect taxes even from the small firm or industry owner which somehow increases government collection.
Also, across the different region of the country tax amount paid on a particular product is the same. So, our economy is going to get much improved and our GDP will rise in future.
One of the disadvantages which I come to know that it does not impose on alcohol, diesel and petroleum-like products which are the major sources of taxes.
|Ajay Kumar said: (Jun 27, 2019)|
|Firstly, thanks for giving me the opportunity for expressing my views about GST.
Gst (good and service tax). I do believe this is the good and a beneficiary move made by our government. One nation, one tax system, it is implemented to eradicate over taxes paid by the public. It also helps in the development of the country and poor people.
|Rachel said: (Jun 26, 2019)|
|GST is goods and service tax. It is a good initiative taken by pm of India. Before that people have to pay many tax like service tax, entertainment tax, vat tax etc. People paid for the tax they are not aware of it was kind of not good because every in every state we have to pay a different price for the same product but after GST, we pay and we know, for what we are paying. Well, people don't have good knowledge about GST, so they don't have a good opinion about it. But it is good for a long term. In starting prices has increased and shopkeepers are having issues related to bill and all. They are not aware of how to apply GST but it is good for the nation and people. It joins the country.|
|Diwakar Chaurasia said: (Apr 22, 2019)|
I would like to shed light on some different points of GST.
Undoubtedly, it was a nice move by the government of India to bring a paradigm shift in the tax system by removing all the indirect taxes like VAT, Service tax, entertainment tax, excise duty etc. Which were taken by people without understanding the percentage on all stuff.
On the other side, GST has launched to make this system hassel free with the moto "One nation, One tax system".
It primarily been divided into 5 slabs i.e. 0%, 5%, 12%, 18% & 28%.
Moreover, the Government cleared a list for the awareness of people about the tax percentage applied on each product excluding petrol and alcohol.
Though some of the prices of the goods have increased during implementation but in the long run GST will be beneficial to all classes of people. Also, eliminated tax complexities that we used to face earlier.
|Komal Chauhan said: (Apr 8, 2019)|
Yes, I agree with the statement that GST is working as a one nation tax system. This term has huge propaganda, rules, regulations and procedures to be followed but India like the country is not easy to implement in one take with full fledge new tax system. Since from 1st July 2017 the tax committees are trying to impose but after every 2 month approx they have to amend the system of filling or criteria or the product slab rates because they have imposed the tax system but the condition of developing country always changes then there should be different condition of filling or imposing tax to the products. Overall it's working gradually, slowly answer a good step to be in one tax reforms it will be simpler to understand and imposed.
|Arji said: (Mar 27, 2019)|
|Hai good evening.
According to my opinion, GST would be very beneficial not only for the poor but also for the development of the entire Indian system. It raises India to a high economic nation through which India is at par with developed nations and left behind some developing nations.
It really works like a revenue-generating mechanism. It suppressed a lot many tax evaders who had been hidden before the implementation of GST. Now it is waking the minds of every individual how to prove yourself in helping the nation.
|Prasanna M said: (Mar 22, 2019)|
Thanks for giving an opportunity to share my knowledge about GST.
GST (Goods and Services Tax) is an indirect tax system it introduces in 2017.
Gst is a one nation one tax system is a good move taken by our country to remove cascading effect in nation why because before GST we are paying more taxes in every stage of supply of goods but now it removes because of Gst. Nowadays so many people aware of tax system compared to previous tax system because it subsumed in one and GST is benefited for our country because all can aware of it nowadays because of strong implementation of GST in the nation.
|Prashant C said: (Mar 21, 2019)|
|Yes, I do believe that the implication of GST has had a major impact on the working of Government. GST has not just reduced the Cost price of the materials but also has bought down the Extraneous taxes common man had to pay. Its also helped the people below the poverty line with lots of benefits in their resources. GST also had a major effect over Extraction of Hidden Black Money as all the Corrupt Non-Taxpayers had to confront the Government with all their Illegal properties.
If an initiative by our Government is helping Common man in the Bringing our Nation together, then for sure.
"GST is really One Nation, One Tax System".
|Shivam said: (Mar 1, 2019)|
|In my opinion, is that GST is good for India there are corrupt people who don't pay tax and hide money their house and foreign and but middle-class families who are not bearing this problem for them and I hope do something for them.|
|Honey said: (Feb 20, 2019)|
In my point of view, this GST is the one system to develop our country as a good nation as per the income related. But some middle-class families who are not bearing this is a problem for them.
Our India has dual GST like CGST AND SGST. My suggestion was to implement this GST on the people who get involved in crimes and whose are those not paying any taxes.
It is a good implementation to become our country India as a good economic country.
|Raja Jha said: (Feb 4, 2019)|
|Any change that is brought about which affects the citizens of a country has its own set of pros and cons. This becomes even more apparent when it is a financial decision and affects the lives of more than a billion people. The same is the case of GST. As GST was launched on July 1, 2017 it has been one and a half year gone of GST introduction. It was introduced with tagline and terminology 'one nation, one tax' by the NDA government.|
|Santosh Samanagave said: (Jan 21, 2019)|
|Goods and service tax (GST) has really proved impressive in the market. Earlier there were multiple taxes extracted from the people which were really annoying but since the introduction of GST, a single tax has been imposed on the various products thus increasing the transparency in the taxation system giving a boost to our economy.
In India, GST has primarily been divided into 5 slabs i.e. 0%, 5%, 12%, 18% & 28%.
And the various goods have been categorized into these slabs.
But still. There is an issue related to fuel and alcohol. Why haven't they been bought under GST. It is clearly observable that the prices of fuel are skyrocketing day by day and I guess you might know that it is near about (40%-50%) tax implemented on them. Therefor giving a good boost to economy these products need to be subsumed under GST, then only GST can be termed as one nation & one price.
|Ashish said: (Jan 20, 2019)|
|Hello everyone, GST was first implemented in France with 4%. According to my view gvt. Has taken a good step for the society but most of ppl are taking advantage of GST showing Prices high, low.
They are 3 kinds of tax SGST, CGST, IGST. Gst is best for an upcoming generation were everyone clear about what it is.
|Shivaraj Shedabal said: (Jan 19, 2019)|
|Hello, every one.
According to my view, Gst has implemented all the supply of goods and service excluding alcoholic liqueur for human consumption.
It is imposed on all states without Jammu and Kashmir.
Before the introduction of Gst, in India there are so many taxes like service tax, entertainment tax, vat, toll tax etc were levied on goods. These taxes were different in different states, but after the introduction of Gst, there is only one tax into India. Gst rates 0%, 5%, 12%, 18%, 28%. So the GST is really one nation and one tax.
|Gaurav said: (Jan 11, 2019)|
According to my view Gst. i.e Good and service tax is a tax system which is taken from the people and the businessman under some slabs, The GST is divided into 5 slabs 0%, 5%. 12%, 18%, 28%. Before the GST there are many other taxes like excise duty and other taxes which are taken by the people and the people doesn't understand that what they are paying In India before the GST the same product is selling at different rates.
So, it is a good impact on our nation of GST. GST is one nation but not one tax system. But there are some product in which the govt doesn't implement tax like petrol, diesel and alcohol the govt is taking around 40-50% of tax so this is not so good if the govt implement GST on this then price crisis of petrol will also come.
Every coin has two faces and GST have also two faces SGST and CGST.
The tax which is implemented by the state is SGST and the tax which is implemented by centre govt is CGST. So this is one nation but not a one tax system in our nation.
|Anand Gupta said: (Nov 18, 2018)|
|As far as, from the point of view of business, they don't appreciate this move of GST by Modi govt because they have to pay tax on a monthly basis if their turnover is more than 2000000 so what they do, they do their business or pay the tax all time.|
|Prateek said: (Nov 10, 2018)|
|In my point of view, GST is a good is really one nation one tax system because after tax system peoples know about particular tax rate and GST has divide two parts SGST and CGST. State GSthas same all the state, gst has five slabs 0%, 5%, 12%, 18%, 28%.|
|Satyam said: (Nov 3, 2018)|
|Yes, I agree with the topic GST is really one nation, one tax system. However, GST is not applicable on Petroleum products and alcohol right now. But it is necessary to bring these products under GST to reduce the high prices of petrol.|
|Saqlain said: (Oct 28, 2018)|
|GST has been divided into two parts CGST and SGST. So GST is beneficial for business people but as well as for middle and lower class people it is biggest disadvantage because they didn't have money to pay tax.
On the other hand, After Coming GST ni think 60% of people didn't understand GST what exactly it is and how it works.
Another disadvantage is that there is amendment in GST so government Also didn't work properly in it. People get confused about GST.
|Vish said: (Oct 28, 2018)|
|According to my point of view, GST is indirect tax or consumption tax which is levied in India to make a single market. Gst is divided into two parts first one is cgst and sgst. As we know India having a very large population so GST works in two-level central and state level for a better environment.|
|Aishwarya said: (Oct 17, 2018)|
As my point of view, GST is having good and bad also. GST reduce corruption also improve the economy it's the good thing. But so many people are poor in our country they don't have money to eat food so how they can be paid tax they are also the part of our nation I think it's the bad thing about GST.
|Digambar Chauhan said: (Oct 12, 2018)|
|Yeah, I think GST is one initial step that our govt has taken.
1st it reduces the other taxes like vat, excuses duty and other services tax.
2ndly it reduces the corruption.
3rdly it is One Nation One Tax, so people of any state would not have to pay extra tax and get direct Benefit of it.
4th it is more comprehensive than before and it is dual system tax i.e chat and sgst. So People do not get much confused over tax.
|Naga Sravani Tangirala said: (Oct 7, 2018)|
|GST mainly refers to goods and services tax. But how many of us know exactly about the goods and services system in our country. I think 50% of the people don't know about it. The awareness of this tax system should be made first. Gst is mainly introduced to increase the number of taxpayers in the country. It reduces inflation in the country. Yes, I agree with the topic GST is really one nation, one tax system.|
|Anonymous said: (Oct 1, 2018)|
|Goods and service tax (GST) has really proved impressive in market. Earlier there were multiple taxes extracted from the people which was really annoying but since the introduction of GST, a single tax have been imposed on the various products thus increasing the transparency in the taxation system giving boost to our economy.
In India GST has primarily been divided into 5 slabs i.e. 0%, 5%, 12%, 18% & 28%.
And the various goods have been categorized into these slabs.
But still. There is an issue related to fuel and alcohol. Why haven't they been bought under GST. It is clearly observable that the prices of fuel are sky rocketing day by day and I guess you might know that there is nearr about (40%-50%) tax implemented on them. There for giving a good boost to economy these products need to be subsumed under GST, then only GST can be termed as one nation & one price.
|Hanuman Singh said: (Sep 28, 2018)|
|Yes, according to me it is a really a one nation, one tax system. Before GST all state had different tax system but after this all state has a uniqe tax system.
It is four type :0%, 5%, 12%, 18%, and 28%.
It is all India with a tax system. And after this tax system ecnomic system is being better than past.
|Abdulajeesh.T said: (Sep 28, 2018)|
|Yes, I agree with your point @Rakesh.
But gst is not good in our people. Reason today gst is 9+9=18%. So the poor people affected by the state. So the gst is only agree to the business people.
|Rakesh said: (Sep 22, 2018)|
|Yes, in my point of view, GST is a good step taken by our government. As GST stand for goods and service tax. It helps in raising economey of India. After GST all have to pay same tex in every state. Before GST there was not a compulsary tax on goods people have to pay much tax. It improve our economey. So we can say GST is really one nation, one tax system.|
|Vicky said: (Sep 19, 2018)|
|In my point of view, GST system is good for our country. We daily hear in news about corruption. It's not good for our country. Every state has own different -2 type taxes impose. Our current govt take initiative for one country, one Tax. It's take good decision by our Prime Minister. GST result we can see after from one to two years. It would be given fruitful result for India. And our India will be reached on top 10 development countries.|
|Amit said: (Sep 19, 2018)|
In my point of view, Every coin has to face same here GST has Central GST AND State GST.
As GST stands for goods and service tax.
After 2014 GST is one of them. Major step took by the government. It helps in raising the Economy of the country as mostly everything comes under GST. Before GST in some states people have to pay to much tax but after GST is applied everyone have to pay an equal amount of money which results in a good amount of money is collected by the government As we know that in GST products are divided into 5 phases 0%, 5%, 12%, 18%, 28 according to the category of the products.
|Pre said: (Sep 10, 2018)|
|Yes, Gst is the symbol of cooperative federalism, meaning "ONE NATION, ONE TAX SYSTEM".
As when we compare the two periods pre-Gst and post-Gst, we can see that Gst has subsumed most of the indirect taxes, making the tax system more transparent and easy to understand.
So, Gst is the move in a correct direction, although there are many problems which has been faced and which are yet to be faced in order to make this initiative a successful journey.
|Minu said: (Sep 9, 2018)|
|According to me, yes GST is really a one nation one tax system. GST has subsumed so many taxes and became similar tax structure for different states to put all states in one basket. It has made easier for traders to do business easily. GST also help in increase the tax collection.|
|Siddhart said: (Sep 8, 2018)|
|In my point of view, GST is good as well as bad depending on the level or part of the people we are talking.
It is implemented in different ways as CGST and SGST. Good in the way that every one have to pay tax. Their is transparency in taxation system. Tax revenue increases and much more.
Definitely, these points help the country to grow.
But the other part also for the Petrol and alcohol. Why it not come under GST.
It will benefit if they both come under GST.
If we talk about small shops which are shutdown. But if they get registered it benefits both country as well as them.
|Anita said: (Sep 5, 2018)|
|GST, it is a very good intiative taken by the government. It is applied to simplify the taxation process by replacing many taxes such as service, central excise tax, etc. Calling gst as 'one nation one tax' may not be right yet because there are multiple tax rates. According to world bank, India's gst is the most complex gst in the world.|
|Shubham Sahu said: (Sep 5, 2018)|
|When you think about just Gst is a publicity of government you are not wrong or may be right but when you have seen your credit bill in which a lot of slab of taxs involve and what will be say about the CGST, SGST, IGST what is dram. And why Petrol and Diesel are not included in GST slab, this is not come in our one nation. If these items are buying this nation so included in Gst slab. Otherwise, stop these slogans one tax one nation and say one nation, according to running government our tax.|
|Hari Krishna said: (Sep 4, 2018)|
|Gst is an indirect tax towards goods and services levied in India. The levied tax is paid not only towards goods but also refunded to the production and supply other than former consumer. It is paid in five types of slabs they are 0%, 5%, 12, 18, &28%. It is paid in terms of pregst and past gst. Pre- Gst is paid up to 18%& past -Gst is paid up to 26- 28%. Except petroleum, electricity and gas are not considered under gst but it is can be continued as regular tax.|
|Payal said: (Sep 2, 2018)|
|Yes, Because with the implementation of GST all the other indirect taxes have been removed. GST is a combination of all the indirect taxes. Due to GST, tax cannot be charged at all the stages through which a product or service passes from manufacturer to the customer. Tax is charged only once. The main reason of implementing GST was to make nation tax compliant by charging only one tax instead of multiple. Though the direct taxes have to be paid but it has become easier to pay taxes now after implementation of GST though initially it was difficult for people to understand it.|
|Shalini said: (Aug 30, 2018)|
|In my point of view, it is one of the many good initiatives taken by PM Modi. It enables us to understand the tax system of India in a more comprehensive way. As you see every day many people caught by CBI raids when compared to the pre-Modi era. I believe these are happening because of GST.|
|Rajkumar Subramanian said: (Aug 27, 2018)|
|GST was coined mainly to make each and every person pays the TAX.
# It is used to eliminate "BLACK MONEY", since everybody is imposed to pay the tax.
# There will be ease in the business, because GST eliminates the major previous taxes namely the.
Excise duty, serivce tax, VAT (value added tax), central sales tax (CST).
# This will increase the foreign investment in India (Here comes the MAKE IN INDIA). Thus increasing the GDP (gross domestic product).
# This helps in the movement of goods from one state to another easier, since the taxes are not collected in the borders.
# Mainly two kinds of TAX they are central (CGST) and state (SGST). Which helps in the limiting paper work for the buisnes people.
# so, GST will definitely lead to the economic growth in India. Not immediately, slowly but definetly.
|Anuj said: (Aug 26, 2018)|
As coin has two opposite sides, gst also has two opposite sides. Many countries are gst nation, gst applied in right way but in India, gst is not implemented in not right way. Gst has five rates :0%, 5%, 12%, 18%, 28%. But India is country of 125crore people, we can't make everyone happy.
|Shridhar said: (Aug 18, 2018)|
GST really one nation, one tax system of the everyone easy to pay of tax and also main thing that is divided percentage for particular products that have almost helpful everyone.
|Pavan Kumar said: (Aug 5, 2018)|
Yes, it is absolutely true that GST really a one nation, one tax system. But the definition of GST in our country is totally different than other countries, because GST the world over, it is simple tax with a single rate applicable across the board, in a few countries. It has dual rate. If in India, you can't have a single rate. But you can have dual rate. But how, you can have eight rate.
So I think, when I look at India with GST. So as per my mind, I feel it is mockery of GST. Yes, there is no doubt that GST is a very beautiful thing but the implementation of GST was not good and thereby during the implementation of flawed GST many samall and medium sector have gone in deficit. And meanwhile the crisis of employment has increased.
Let me tell you very recent example of flawed GST,
In tripura there is a one old bus stand before the implementation of GST there was 5, 000 samall and medium sector that was the source of employment for the people's. But during the GST almost 4600 small and medium sector has been shutdown. And thereby the employment of the people's destroyed.
This is only one example, which I told you. Besides that, there can be also many another example.
That's my own outlook regarding to the GST.
|Rinku Chauhan said: (Aug 3, 2018)|
|Yes! GST is really a one nation, one tax system. In my opinion one of the best initiatives taken by government which is in favor of people whose belong below poor line. As you can se if you buy a 5oo rupee shoes there is no just for <Rs 500. But for more than 500 you have to pay GST.|
|Saransh Jain said: (Aug 3, 2018)|
|The biggest benefit that I have observed is this, the person who didn't even know about the taxes prevailing in India is now talking and thinking about the gst. And the fact behind this, is the tax system is now easy to understand and now we know what we paying for what tax we are giving.
See every initiative has it's flaws and you can't even resolve the issue in a country of 125 crore people and you can't make everyone happy, so I think it is a good initiave in my point of view.
|Surender Pal said: (Aug 3, 2018)|
|Yes, gst is one nation one tax. In pre gst era you can see that we had to read service tax, vat, excise duty, cenvat and many more but now its one GST.
Cgst, sgst is only for the distribution between state and center. No difficulty for consumer or businessmen by this.
|Anushka said: (Aug 1, 2018)|
|GST i.e. Goods and Services tax is a very good initiative taken by the government. GST is added at each step pf the production process but it is refunded for everyone other than the final consumer. The GST on products is divided into 5 slabs, i.e.0%, 5%, 12%, 18% and 28%.
However, GST is not applicable on Petroleum products and alcohol right now. But it is necessary to bring these products under GST to reduce the high prices of petrol.
India has dual GST, Central GST and State GST.
However, it was opposed by the opposition parties because they believed it was virtually same as the earlier system of taxation.
|Pavan said: (Jul 31, 2018)|
In my point of view, it is one of the many good initiatives taken by PM Modi. It enables us to understand the tax system of India in a more comprehensive way. As you see every day many people caught by CBI raids when compared to the pre-Modi era. I believe these are happening because of GST.
Is GST really a One nation, One tax system?
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