Is GST really a One nation, One tax system?

Hai good evening.

According to my opinion, GST would be very beneficial not only for the poor but also for the development of the entire Indian system. It raises India to a high economic nation through which India is at par with developed nations and left behind some developing nations.

It really works like a revenue-generating mechanism. It suppressed a lot many tax evaders who had been hidden before the implementation of GST. Now it is waking the minds of every individual how to prove yourself in helping the nation.

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.

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".

In my opinion, is that GST is good for India there are corrupt people who don't pay tax and hide money their house and foreign and but middle-class families who are not bearing this problem for them and I hope do something for them.

Hello.

In my point of view, this GST is the one system to develop our country as a good nation as per the income related. But some middle-class families who are not bearing this is a problem for them.

Our India has dual GST like CGST AND SGST. My suggestion was to implement this GST on the people who get involved in crimes and whose are those not paying any taxes.

It is a good implementation to become our country India as a good economic country.

Any change that is brought about which affects the citizens of a country has its own set of pros and cons. This becomes even more apparent when it is a financial decision and affects the lives of more than a billion people. The same is the case of GST. As GST was launched on July 1, 2017 it has been one and a half year gone of GST introduction. It was introduced with tagline and terminology 'one nation, one tax' by the NDA government.

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, GST was first implemented in France with 4%. According to my view gvt. Has taken a good step for the society but most of ppl are taking advantage of GST showing Prices high, low.

They are 3 kinds of tax SGST, CGST, IGST. Gst is best for an upcoming generation were everyone clear about what it is.

Hello, every one.

According to my view, Gst has implemented all the supply of goods and service excluding alcoholic liqueur for human consumption.

It is imposed on all states without Jammu and Kashmir.

Before the introduction of Gst, in India there are so many taxes like service tax, entertainment tax, vat, toll tax etc were levied on goods. These taxes were different in different states, but after the introduction of Gst, there is only one tax into India. Gst rates 0%, 5%, 12%, 18%, 28%. So the GST is really one nation and one tax.

Thank you.

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.