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I believe conceptually GST is a great idea, since the touted benefits are 鈥淥ne Nation One Tax鈥?which should simplify taxation by eliminating multiple and cascading taxes across state borders. Come September 2017 now the GST is inevitable. There seems to be enormous rush to execute or should i say forced down our throats.
There are numerous popular Quorans with massive followers hast tagging 鈥渋f you want india to prosper #passGST聽. And the rationale is merely the conceptual benefits. With references to Sweden Cheap Anthony Davis Jersey , japan, Singapore,Switzerland聽,Germany聽, Now apart from the fact that these countries are all developed countries with the infrastructure in place. And Singapore to my knowledge is a single tax of around 7% with no other caveat. I suspect all these countries with one tax one country would be by and large a single tax economy without exceptions and ambiguities. But when the narrative suits you why not use it聽.
But if we look at the current avatar of GST, here are my worries
There are 5% Cheap Jrue Holiday Jersey , 10%,15% and 28%鈥娾€斺€奌ow is this One nation One Tax?
We have 29 states聽,hence 29 State Taxes, One Service Tax聽, One excise duty and VAT so a total of 32 Taxes laws, What does this GST propose to do聽? Cheap Rajon Rondo Jersey ,Broadly there is SGST ( State GST), CGST ( Central GST) and IGST ( Inter State GST). So basically it means 29 SGST + 1 CGST + 1 IGST= 31 Tax Laws. On top of it the law says both states and parliament can levy their own GST聽.
Now if one were to be a service provider聽,he has to file 3 returns every month on the 10th, 15th and 20th all online, which means 36 returns every year + One TDS return every month,which means 12 returns every year + One annual return. So a total of 36+12+1= 49 Returns a year. So if you have 10 branches then 49X10= 490 returns all online. Points to ponder
Imagine the load on the system everyone has to file on 10th聽 Cheap Omer Asik Jersey ,15th and 20th聽. Are we really ready?
What about business out of the internet access net?


Apart from other reason these are my top concerns, i really fail to understand how is this One Nation One Tax. How does this simplify
I believe we are not yet out of the demonetization blunder and with all this urgency to push GST聽, this Avatar of GST will only add to the misery. The scariest part is again we will get to hear good intentions bad implementation and so on.
Do let me know if any of the above is wrong? i really want to feel that there is an upward trend when all i see is propaganda and mindless cheer leading.
Facts are stranger than fiction
Governments Solution to a problem is usually as bad as the problem itself and very often makes the problem worse- Milton Friedman.
Discover More About GST Return India.

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