Is GST really a One nation, One tax system?

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.

Hello everyone,

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.

Hello everyone,

Today, I am going to discuss a very important topic is that GST.

Our honourable prime minister Narendra Modi launched GST scheme in first July 2019 and the moto of GST is one Tex one nation.

Full form of GST is goods and services Tex.

Before the GST many taxes are paid like as central Tex, State Tex and such other taxes. But now after implementation of GST one nation one tax add.

There are four slab of gst 5%, 12%, 18%, 28%.

And two types of GST CGST and SGST.

According to CGST, our central government paid Tax.

Alcohol and petroleum products are not included in GST. And according to me, this is a major mistake of the government of India. Because alcohol is a very best source of Gst.

There are many benefits of implementation of Gst like as economy of India rising after implemantansion of GST because many persons don't pay tax their things.

And GDP of India is also increase.

Hello friends,

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.

Hello, everyone.

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.

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.

Hello everyone,

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.

Thank you.

Friends as we all know our today's topic is ' is GSt really one nation, one tax system. Friends GST means goods and services tax. Gst is ia very good taxation system in which we have to pay only one tax instead of multiple tax like vat, entertainment tax, excise tax, etc. Government has decided different slabs in gst 5%, 12%, 18% and 28%. Milk, local panner, local rice, oil, ghee, pulses etc are tax free. In 5% slab branded packet of food items, panner, milk, tea, footwear etc are added. In 12%slab umbrella, sports kit, milk juice, mobile phone etc are added. In 18% slab computer, hair oil, instant foods, cornflakes, soaps, toothpaste etc are added and in 28% slab ac, refrigerator, washing machine, entertainment etc are added. Gst is very good step for both consumer as well as for trader because naw both of them have to pay only one tax. Gst will increase our economy and also increase the income of tax which will be helpful in our development.

Thanks.

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.

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.