Non execution of GST bill might herald end of present government
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52 comments Page 6 of 6.
Abhay Singh said:
5 years ago
Hi, in my point of view, GST implement is a good step which was taken by honourable prime minister Modi but GST implementation is not a proper way. It is not a work which can be done a day for this work government should proper planing. Thanks.
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Sahil Shaikh said:
7 months ago
GST: Goods and Services Tax.
The Goods and Services Tax (GST) was introduced in India in 2017 under the leadership of Prime Minister Narendra Modi.
This significant tax reform aimed to streamline the country's indirect taxation system by consolidating multiple taxes into one, thereby promoting transparency and efficiency. The overarching agenda was to strengthen the nation by boosting revenue collection, which could be channelled into critical sectors like defence, infrastructure, and overall economic growth.
While the intention behind GST is commendable, its implementation has posed challenges for the middle class and small businesses. The complex compliance process, higher tax rates on certain essential goods and services, and the burden of inflation have made it difficult for many to adapt. For the middle class, often considered the backbone of the economy, GST has added to the financial strain rather than providing relief.
Balancing the nation’s growth ambitions with the welfare of its citizens remains a crucial task. Fine-tuning the GST framework to address the concerns of the common people and small enterprises will be essential for achieving its intended goals.
The Goods and Services Tax (GST) was introduced in India in 2017 under the leadership of Prime Minister Narendra Modi.
This significant tax reform aimed to streamline the country's indirect taxation system by consolidating multiple taxes into one, thereby promoting transparency and efficiency. The overarching agenda was to strengthen the nation by boosting revenue collection, which could be channelled into critical sectors like defence, infrastructure, and overall economic growth.
While the intention behind GST is commendable, its implementation has posed challenges for the middle class and small businesses. The complex compliance process, higher tax rates on certain essential goods and services, and the burden of inflation have made it difficult for many to adapt. For the middle class, often considered the backbone of the economy, GST has added to the financial strain rather than providing relief.
Balancing the nation’s growth ambitions with the welfare of its citizens remains a crucial task. Fine-tuning the GST framework to address the concerns of the common people and small enterprises will be essential for achieving its intended goals.
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