Is GST really a One nation, One tax system?

Good evening all of you.

Hi my name is Shubh.

With your permission, I will start a group discussion on GST.

According to my opinion, GST means Good answer service taxes. GST is a collective tax of products instead of various taxes like excise duty, state tax and central tax. GST is taken from the customer who purchases a good and uses services. I am in favour of a GST. GST is Create transfer in the market. Also chance of reducing the theft of tax by various persons. Also, favour for various companies for the establishment of their unit in any part of the country. In earlier, companies are not easily establish their unit because of the various taxes. Also, new ones create more earnings for the government. And favour for the development of the country.

Hello.

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.

According to me, it is a good initiative taken by our government because it improves our old tax system which is very hard like we have to pay any taxes on the products like vat tax excise tax entertainment tax ETC. But now we have to pay only two types of tax one is c-gst and other is s-GST. And there is a fixed value of these taxes. So it is a very simple tax system. It attracts many foreign companies due to this simple tax system so it improves also our economy. Before this system, we don't know how much tax we are paying on the product but we know it clearly. And this is in practice not only in India but also in many countries. So I would like to conclude that it is a good step taken by our country.

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.

GD morning all of you.

Firstly, I would like to say that g s t mean s goods and services taxes it came in 1julay of 2017 if we talk about its merit s it attract s foreign company in. India because it has one tax system it has ended much tax as bat excise duty entertainment tax etc if we talk about demerits it has included many small traders who can not pay tax it has to include many traders who are attached with one Field in it takes a tax from factory and raw material sellers and who buy it and sell it conclusions it has to try to best in the tax system of India in my point of view petroleum products and alcoholic products are included in it.

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.

Hello everyone,

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.

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".

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.

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.