What high taught concept of gst is copied from westπbut unfortunately the infrastructure and environment is not copied gst is scam tax on tax (you are charging businesses)as business pass this on to end consumer who already paid tax on income (at least some of πabove 12 lakhs) where does funds from gst goes
This is completely wrong btw and NOT how GST works.
For goods that involve multiple manufacturing steps like refrigerators or cars, with the end product being produced after integration with several supply chains, the GST rate is kept higher in order to be able to recoup the GST paid on the individual steps & sourcing of components via ITC (input tax credit) by the end manufacturer/business.
Thus, the actual tax rate is NOT 28% but rather that defines the maximum applicable rate which is then net off by ITC across various steps along the chain.
It has nothing to do with "luxury".
Whereas, sale of fruits or simple goods such as flour just involves a refiner and a transporter and not multiple manufacured components.
Time to put AC and automobile parts out of the luxury goods segment. 28% on AC in a hot country like India is a crime. AC is a necessity even for the lower middle class because their productivity and health goes down in bad hot weather. Without a lower middle class, our society can't function. Time to show some kindness toward them by making ACs cheaper and accessible for small houses.
Washing machine was shown among luxury goods? But is it a luxury even though many can't afford it? Imagine travelling for 3 hours to and fro from work and then spending 8-10 hours in office and having to wash clothes manually.
Only 3% paying taxes and the tax theifs getting red carpet treatment in India is a bigger problem than the taxation mechanism.. Reason 104, why honest tax payers don't like to stay in India
Gst is very bad in the ground level. i am practitioner. Even for clarical mistakes of the supplier you will get noticed and no officer will simple close it with proper reply he will sirely take some cash go do so
Thing is greed of bureaucracy and GST council will never allow it to rationalize. They have time to categorize popcorns and put different GST rates but no time for decision on lowering GST on health and term insurances.
Also, when they proposed GST they said its going to be one nation one tax. Then they introduced CESS (tax on tax) and god knows what else is coming to haunt us. Petrol, Diesel is still not under GST and BJP has majority in GST counsil.
VAT me kya burai thi agar GST ka itna lafda hai. Ek bande ke ego aur msme ko barbad Karne ke planning ne GST ko dhadalle se launch Kiya. Worst part is galti maan nahi Raha Banda.
The caramel popcorn is not taxed extra because it is a luxury item, it is to disincentivize sugar… All sugar laden are taxed at 18% hence the GST council decided to apply the same to caramel popcorn. It is more like a sin tax not a luxury tax.
Progressivity lani thi then why you removed VAT. You are basically changing the definition of GST itself..which is to simply by deriving one Tax rate. In a way this progressivity is actually Gur ka Gobar like once PM said we are very good at making it…please don't try to justify wrong…
34 comments
Reality ye hai ki humari Nirmala sitraman aata kuch ni hai even 12 Lakh vaala b kisi IAS ne bnvaya hai, iske haat m to kuch ni h π
What high taught concept of gst is copied from westπbut unfortunately the infrastructure and environment is not copied gst is scam tax on tax (you are charging businesses)as business pass this on to end consumer who already paid tax on income (at least some of πabove 12 lakhs) where does funds from gst goes
How is a refrigerator and air conditioner a luxury good?
GST rate should have slabs according to the price of goods or services similar to the income tax slabs
This is completely wrong btw and NOT how GST works.
For goods that involve multiple manufacturing steps like refrigerators or cars, with the end product being produced after integration with several supply chains, the GST rate is kept higher in order to be able to recoup the GST paid on the individual steps & sourcing of components via ITC (input tax credit) by the end manufacturer/business.
Thus, the actual tax rate is NOT 28% but rather that defines the maximum applicable rate which is then net off by ITC across various steps along the chain.
It has nothing to do with "luxury".
Whereas, sale of fruits or simple goods such as flour just involves a refiner and a transporter and not multiple manufacured components.
We have tried to make βluxuryβ look like a sin. Itβs saying as if donβt dare try to be able to buy luxurious goodsπ.
how will a Poor buy car??? how is it Same For all???? sadakchap music…no substance
Bureaucracy of india is most greedy criminal mindset.
Two wheeler is a luxury Good
Wahh Nirmala Tai GST see tabahi laayi
Poor will not buy the goods that are levied a higher GST.
Ek shabd me – tax lagate jao, votebank kharidte jao. Aur ye aatu jhatu podcast.
Washing machine and fridge are "luxury goods"
Some people made a career out of dishing common gyan
Yaar again a half cooked story.
Time to put AC and automobile parts out of the luxury goods segment.
28% on AC in a hot country like India is a crime. AC is a necessity even for the lower middle class because their productivity and health goes down in bad hot weather.
Without a lower middle class, our society can't function. Time to show some kindness toward them by making ACs cheaper and accessible for small houses.
Ladkiyo ke Fakeup / Makeup π pe 50% GST lagao. Khub revenue milega government ko.
Washing machine was shown among luxury goods? But is it a luxury even though many can't afford it? Imagine travelling for 3 hours to and fro from work and then spending 8-10 hours in office and having to wash clothes manually.
Put the same tax on every product. Bcoz alto and BMW prices are different
Only 3% paying taxes and the tax theifs getting red carpet treatment in India is a bigger problem than the taxation mechanism.. Reason 104, why honest tax payers don't like to stay in India
If you have space, then buy wheat and rice in season directly from farmers.
Yadi hr ek equal dega to uneven kaha hua
Gst is very bad in the ground level. i am practitioner. Even for clarical mistakes of the supplier you will get noticed and no officer will simple close it with proper reply he will sirely take some cash go do so
Thing is greed of bureaucracy and GST council will never allow it to rationalize. They have time to categorize popcorns and put different GST rates but no time for decision on lowering GST on health and term insurances.
Also, when they proposed GST they said its going to be one nation one tax. Then they introduced CESS (tax on tax) and god knows what else is coming to haunt us. Petrol, Diesel is still not under GST and BJP has majority in GST counsil.
https://youtu.be/FuC3_PakcnA?si=YELbQLDayKuNwDDf
Wealth tax lekr aao
https://youtu.be/FuC3_PakcnA?si=YELbQLDayKuNwDDfhttps://youtu.be/FuC3_PakcnA?si=YELbQLDayKuNwDDf
We need wealth tax, empty land tax, it will improve economy
https://youtu.be/FuC3_PakcnA?si=YELbQLDayKuNwDDf
Auntie ji bahut sundar hain β€
Gareeb gaadi kharidne jaa kyun ra hai pehle yeh batao ππ
It would be helpful to see an Indian tax form at the beginning, rather than a 1040 from the USA.
Indirect nhi dena chahte ho Toh direct tax do , direct mei rebate mt lo na fir.
Nina tax k desh mei development kaise hogi ?
KAHI AISA TOH NAHU K FREEBIES KI AADAT LG GYI HAI ???
VAT me kya burai thi agar GST ka itna lafda hai. Ek bande ke ego aur msme ko barbad Karne ke planning ne GST ko dhadalle se launch Kiya. Worst part is galti maan nahi Raha Banda.
The caramel popcorn is not taxed extra because it is a luxury item, it is to disincentivize sugar… All sugar laden are taxed at 18% hence the GST council decided to apply the same to caramel popcorn. It is more like a sin tax not a luxury tax.
Abolish Income tax
Progressivity lani thi then why you removed VAT. You are basically changing the definition of GST itself..which is to simply by deriving one Tax rate. In a way this progressivity is actually Gur ka Gobar like once PM said we are very good at making it…please don't try to justify wrong…