Is GST really a One nation, One tax system?
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72 comments Page 8 of 8.
Abhijit Baburao Bhosale said:
12 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.
(3)
Novaraj said:
1 month ago
Hello, everyone. I'm Novaraj.
In my point of view.
The one nation and one tax system was introduced by Narendra Modi during the year 2017. GST new concept launch. One tax system was greatly successful. This one system plays a crucial role in India's economy. One tax system is completely implemented in India.
Limitations and disadvantages:
1. Increasing product prices.
2. Middle-class people have difficulty paying taxes.
3. Poor people have difficulty buying food and clothes.
4. Small entrepreneurs have difficulty running a business.
5. Every product has tax it affects to life is so expenditure to live in India.
6. Tax amount misuse by political corruption.
7. It benefits big business to escape tax by managing any one political party.
8. Not possible in India.
In my point of view.
The one nation and one tax system was introduced by Narendra Modi during the year 2017. GST new concept launch. One tax system was greatly successful. This one system plays a crucial role in India's economy. One tax system is completely implemented in India.
Limitations and disadvantages:
1. Increasing product prices.
2. Middle-class people have difficulty paying taxes.
3. Poor people have difficulty buying food and clothes.
4. Small entrepreneurs have difficulty running a business.
5. Every product has tax it affects to life is so expenditure to live in India.
6. Tax amount misuse by political corruption.
7. It benefits big business to escape tax by managing any one political party.
8. Not possible in India.
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