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.

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.

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 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.

Firstly, thanks for giving me the opportunity for expressing my views about GST.

Gst (good and service tax). I do believe this is the good and a beneficiary move made by our government. One nation, one tax system, it is implemented to eradicate over taxes paid by the public. It also helps in the development of the country and poor people.

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 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.

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.

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.

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.