Is GST really a One nation, One tax system?

Hello, everyone.

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.

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.

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.

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.

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.

Hello friend's,

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.

Hello everyone,

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.

Hi.

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.

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.

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.