Non execution of GST bill might herald end of present government
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52 comments Page 5 of 6.
Prateek said:
8 years ago
I don't think so. A single factor can not herald the end of present government. There are several factors combined that herald any government. GST is on the top of the priority list of present government. GST provides a common tax structure all over the country. Currently, there are different tax structure in different states of the country. The contractor or the business man pays different types of taxes to different state's governments. It takes time and also increase the cost of the item. After GST comes into effect, there is a common tax rate to a common item all over the country. Hence, the price of particular commodity will remain same in the whole country. The price's of some commodity might increase while the price of some commodity decrease based on the common tax rate decided by the government.
GST is said to be the biggest improvement in the tax structure of the country after independence. The present government is serious about the execution of the GST. It already improved the ease of business doing ranking of the country. So I think the GST will be executed.
GST is said to be the biggest improvement in the tax structure of the country after independence. The present government is serious about the execution of the GST. It already improved the ease of business doing ranking of the country. So I think the GST will be executed.
(6)
Anamika said:
8 years ago
Hello everyone.
GST is a comprehensive tax structure that combines all central and state indirect taxes under one umbrella. It would make the present complex tax structure easier and also reduce the prices of products that will in return increase demand hence production thus contributing a significant percentage to the GDP growth. But then again. It is one of the government's efficient initiatives and not the only one. Govt has taken significant other initiatives for economic growth. Sos it definitely can't be said that its non-execution would lead to the end of present government Thank you.
GST is a comprehensive tax structure that combines all central and state indirect taxes under one umbrella. It would make the present complex tax structure easier and also reduce the prices of products that will in return increase demand hence production thus contributing a significant percentage to the GDP growth. But then again. It is one of the government's efficient initiatives and not the only one. Govt has taken significant other initiatives for economic growth. Sos it definitely can't be said that its non-execution would lead to the end of present government Thank you.
(3)
Swetha. K said:
8 years ago
Hi friends, this is swetha GST is a comprehensive indirect tax levied on manufacture, sale, consumption of goods. It's valued added tax to be implemented from April 2016.
It will replace all indirect taxes levied on goods and services by the Indian state and central governments and aimed at being comprehensive for most goods and services. Under the gst regime the government expects gst implementation supports to boost Indian economy by business climate, the service tax also increase from 12.3 percent to 14percent so the tax for services like consumption of tobacco products, smoking, courier services etc are costlier.
Finally, I conclude that gst implementation is a good decision to mitigate cascading and avoid double taxation and to pave the way for common national market.
It will replace all indirect taxes levied on goods and services by the Indian state and central governments and aimed at being comprehensive for most goods and services. Under the gst regime the government expects gst implementation supports to boost Indian economy by business climate, the service tax also increase from 12.3 percent to 14percent so the tax for services like consumption of tobacco products, smoking, courier services etc are costlier.
Finally, I conclude that gst implementation is a good decision to mitigate cascading and avoid double taxation and to pave the way for common national market.
(6)
Prasoon said:
8 years ago
GST means goods and service taxes which means that it decreases the taxes in interstate and inter-government. This GST helps all the backwards people who are uneducated.
(37)
Swathi said:
8 years ago
Good morning. This is swathi. I would like to share information with you. Coming to the topic, GST stands for goods and service tax. After implementing this tax bill the product rate will be same all over India. The manufacturer need not pay tax for the product to cross from one state to another state.
(16)
Kundan said:
8 years ago
Hello, friends.
As we all know about that not everything in our present government hands or they can't take any decision alone if strongly want. They have take participate in discussion in the parliament (Rajya sabha and Lok sabha) to pass any bills like GST or other else. And as we seen that in the parliament, Opposite parties leaders were totally wasted the two seasons (winter season of 2015 and summer season of 2016) without any discussion on the GST and they were foreclosed the maximum days of seasons. At last, I want to say that if our parliament going like this way then GST bill what? - no other important bills will pass by our parliament quickly if present govt. Really want to do this.
Sorry friends, if I diverted you from topic. So I come to topic, GST-GOODS AND SERVICE TAXES bill one of the best bills in the India history and it really helps to increase the GDP of our country and it will going to implement from 1st July 2017. It means our present govt. (Govt. Of people's prime minister-MODI G) will again come in future.
As we all know about that not everything in our present government hands or they can't take any decision alone if strongly want. They have take participate in discussion in the parliament (Rajya sabha and Lok sabha) to pass any bills like GST or other else. And as we seen that in the parliament, Opposite parties leaders were totally wasted the two seasons (winter season of 2015 and summer season of 2016) without any discussion on the GST and they were foreclosed the maximum days of seasons. At last, I want to say that if our parliament going like this way then GST bill what? - no other important bills will pass by our parliament quickly if present govt. Really want to do this.
Sorry friends, if I diverted you from topic. So I come to topic, GST-GOODS AND SERVICE TAXES bill one of the best bills in the India history and it really helps to increase the GDP of our country and it will going to implement from 1st July 2017. It means our present govt. (Govt. Of people's prime minister-MODI G) will again come in future.
(5)
Manoj yajamanam said:
8 years ago
No, certainly not, But execution may bring certain conflicts between parties and between state and central government. It will actually bring more transparency in the system.
(6)
Shri said:
9 years ago
I don't think so that not bringing GST will lead to end of present government. This plan was bought during 2009 and not executing this plan was not the reason the previous government lost its place. The previous government had lot of corruptions and scams during its previous regime. The present government has already bought several plans stated by my friend above. So Non-execution of GST bill might not lead to end of present government.
(14)
Arun ponugoti said:
9 years ago
According to me the GST bill is going to positive out come to Indian economy and simultaneously it is targeting on export goods and luxury good.
(7)
Niza said:
9 years ago
GST stands for goods and services tax. After implementing this tax bill, taxes levied on all goods from anywhere within the country will be same and thus manufacturers would not have to pay large amounts when they cross one state to another in the name of interstate taxes.
GST will help in prospering the economy of the country as prices of goods will come down. Earlier the same product which used to cost about say 100rupees will now cost 75 rupees not exactly same but a little less or more. So this is surely an economic decision for our country.
In GST, goods will be divided into three types and accordingly taxes will also be shared. Taxes in GST bill is ranging from minimum 6 percent to maximum 25 percent. The decision of government to impose high tax rate on luxury goods is also applauded.
So keeping these benefits in mind we can definitely say that yes if the present government does not pass the GST bill in its period which has been delayed so many times, there are chances that the government may not come to power again.
GST will help in prospering the economy of the country as prices of goods will come down. Earlier the same product which used to cost about say 100rupees will now cost 75 rupees not exactly same but a little less or more. So this is surely an economic decision for our country.
In GST, goods will be divided into three types and accordingly taxes will also be shared. Taxes in GST bill is ranging from minimum 6 percent to maximum 25 percent. The decision of government to impose high tax rate on luxury goods is also applauded.
So keeping these benefits in mind we can definitely say that yes if the present government does not pass the GST bill in its period which has been delayed so many times, there are chances that the government may not come to power again.
(115)
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