Is GST really a One nation, One tax system?

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.

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.

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 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.

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.

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.

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.

Hi everyone.

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.

Thanks!

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.

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.

Pros:

1) it will attract foreign investment due to the simplified tax system.
2) improved the ease of doing business.

Cons:

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.