Is GST really a One nation, One tax system?
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71 comments Page 8 of 8.
Abhijit Baburao Bhosale said:
6 months ago
Points in Favor (Yes, GST is One Nation, One Tax System)
Uniform Tax Structure – GST replaced multiple taxes with a single system across India.
Ease of Doing Business – Businesses don’t have to deal with different state taxes.
Eliminates Cascading Effect – No tax on tax, reducing the overall burden.
Boosts Interstate Trade – Goods move freely without multiple state taxes.
Common Rates for Goods & Services – The same product is taxed similarly across states.
Transparency – Everything is online, reducing corruption and tax evasion.
Points Against (No, GST is Not Truly One Nation, One Tax).
Multiple Tax Slabs – GST has 0%, 5%, 12%, 18%, and 28% slabs instead of a single rate.
Petrol, Alcohol, and Real Estate Excluded – These remain under state taxation.
State-Specific GST Variations – Some states give different benefits or exemptions.
Compliance Burden – Small businesses struggle with frequent GST filings.
High Tax Rates on Essential Items – Some necessary goods are taxed higher than expected.
Technical Issues – GST portal glitches cause problems for taxpayers.
Conclusion:
GST has simplified taxation but is not fully a "One Nation, One Tax" system due to multiple slabs and exclusions. Further reforms can make it more unified and business-friendly.
Uniform Tax Structure – GST replaced multiple taxes with a single system across India.
Ease of Doing Business – Businesses don’t have to deal with different state taxes.
Eliminates Cascading Effect – No tax on tax, reducing the overall burden.
Boosts Interstate Trade – Goods move freely without multiple state taxes.
Common Rates for Goods & Services – The same product is taxed similarly across states.
Transparency – Everything is online, reducing corruption and tax evasion.
Points Against (No, GST is Not Truly One Nation, One Tax).
Multiple Tax Slabs – GST has 0%, 5%, 12%, 18%, and 28% slabs instead of a single rate.
Petrol, Alcohol, and Real Estate Excluded – These remain under state taxation.
State-Specific GST Variations – Some states give different benefits or exemptions.
Compliance Burden – Small businesses struggle with frequent GST filings.
High Tax Rates on Essential Items – Some necessary goods are taxed higher than expected.
Technical Issues – GST portal glitches cause problems for taxpayers.
Conclusion:
GST has simplified taxation but is not fully a "One Nation, One Tax" system due to multiple slabs and exclusions. Further reforms can make it more unified and business-friendly.
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