Non execution of GST bill might herald end of present government

Gst stands for good service tax. Gst is the great step taken by pm Narendra Modi. After implementing this tax bill, taxes on all goods from anywhere within the country will be same. And thus manufacturer would not have to pay a large amount when they cross one state to another.

In gst goods will be divided into three parts and accordingly taxes will also be shared. Taxes on gst bill is minimum 6%to maximum 25%. The decision of government To impose high tax rate on luxury goods is also applauded.

This gst helps all the backward people who are uneducated.

Good evening everyone, today we are given with the topic GsT is a goods and service tax. In India It was frst introduced by finance minister Arun jately on 19 Dec 2014 and. It would more effective from April 2017. The main aim of GsT is to make India single market and to reduce cascading of taxes. It calculated on value added of an item at each stage of supply chain i.e. manufacturers to end customer. It is replaced by many of the taxes like service tax, excise duty, customs duty, vat, sales tax, entertainment tax etc. It is divided into two types system n cgst. This division makes more manipulations of taxation system. Looking to perspective of business man taxation system should be single it shouldn't be a dual aspect it may become difficult to manage. In order to implement these taxation system and to make India single market proper information and education should be given to the people to implement it completely. Thank you.

Hello friends,

As we all know gst stands for one nation one tax. Basically gst remove all the indirect taxes on goods and services. There are mainly three type of gst 1. Sgst - in which you have to pay the tax to state gv.

2. Cgst- in which you have to pay the tax to central gv. And last one is igst-integrate gst.

So if you are manufacturer of plastic bottles in state X and sell it in state X only than you have to pay sgst and cgst.

While this bottles are sell in state Y than you have to pay only igst and remaining tax will pay by state Y dealer him/herself only.

So, my conclusion is gst removes n number of indirect taxes and result is all the state have to pay equal amount of tax on same particular thing.

Jay Bharat.

' Goods and Services Tax' (GST) is an indirect tax for the whole nation levied on the supply of goods and services. It is comprehensive, multistage, destination based tax that is levied on every value addition.

Total eleven indirect taxes, five at Central Govt level and six at State Govt level have been subsumed into GST.

Compensation to the States will be provided for five years for loss of revenue, if any on account of GST.

Robust and comprehensive IT system is established for effective implementation of GST under project ' Saksham'.

The benefits of GST are removal of cascading of taxes, reduction in hidden costs, uniformity of tax rates & structures, better.

Controls on leakages, higher revenue efficiency, improved competitiveness for trades & industry in long term.

In my opinion, gst is not good fr middle or poor class people. Because we already pay many tax compare to China & also many shop we pay more cash due to gst also we don't to how much tax we paid fr gst.

In my point of view, GST is not comfortable for middle-class people because the government do not give good education and did not give current supply in a rural area.

And also, Now matchbox includes rs 1. 50ps how we continue a life.

In my opinion gst is not applicable for middle class and poor people. Because tax will be collected by government is more than poor people ordinary salary. i.e. the expenses of live is increased but salary of middle and poor people salary is not increased (stable).

In my opinion, GST is an amazing thing because "everyone will be stick on to a single path of eradicating black money".

GST was basically introduced to lower the rates of goods. Till date, we see the price of some goods is increasing or decreasing depending on the marketing scenario. But still, then the price of the medicines are unchanged which makes unaffordable for some people who have less source of income and another thing if we refer to our today's country's GDP then there is a reduction in the GDP of our nation but it came to lndia to increase the GDP.

So the major conclusion drawn is that if the gst bill passed or not has not caused any change in the economy of the nation so it will not impose any impact on the present government.

I don't think so.

There had been mixed type of response from the public. On one hand, some businessmen say that the introduction of GST has increased the chances of goods being genuine, on the other hand, some salaried people say they are unable to purchase some items like timber, marble, etc. Due to too much increase in prices of goods, thanks to GST.

Moreover, non application of GST on petroleum items further brings the government in question.

But still, as majority public is not aware about the functioning of GST, they stand neutral and hence, non execution of GST bill might NOT herald end of present government.