Is GST really a One nation, One tax system?

Hello everyone,

This is Dhino Kevin,

According to me, the Indian economy is nothing but a clumsy system of corruption.

The sharing of gained GST from all states is distributed unequally. Which is nothing but a loop hoe for corruption. The highest GST-paying states are not helped during the time of crisis but other states were given free food and stuff parallelly. This simply means sucking one resource to develop others for their own benefit which is similar to what the British did to us.

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.

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.

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!

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.

Hello, everyone.

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.

Hello, Everyone.

Goods or services tax is a great initiative by the central government since it helps to mitigate the problem of unequal tax-paying across various parts of the country which has greatly reduced malpractices in the corporate world as well. GST has also helped to make the process of tax return filing easier since it ensures that all the taxes are paid at a time which is in July. Another advantage of GST is that it attracts more and more multinational companies to invest in India since these companies prefer these types of tax models.

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.

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.

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.