Hai everyone, Goods and service taxes will be implemented across the nation. I t will be replaced all the indirect taxes that are levied by central and state government.
Before GST there are a different kind of taxes are applicable to the goods and services. The tax rate on the same goods in different states. Now after the GST, only single tax for the single nation is applicable and tax rate will be same.
GST is a single tax on the supply of goods and services right from the manufacturer to the customer.
Hi everyone, I would like to put forth few points regarding GST. It is a Goods and services tax which was introduced by modi in 2017 after demonetisation.
The main aim of GST is to make India as a single market Because of this the tax rates for products are increased and some are decreased. Of course, it is mainly to decrease corruption and black money. But because of whom this decision was taken those black money holders are not changed. The middle class and poor people are suffering more. The medical bills are also increased due to this the poor people may suffer. So the government also should resolve these problems. If One step is taken we should resolve all the obstacles and move forward.
What I think non-execution will herald the end of present government as the budget for 2018-19 is to be tabled soon. If the government is not able to execute the GST bill it will face grievances while preparing the budget as it will not have an exact calculation of returns in form of taxes so it will affect its public spending and also it might lead to increase in fiscal deficit which in turn will affect economic growth of the country.
According to my point of view, GST is any thing which make honest marketing. Throughout the country. GST has long term advantages. Which will come in our way slowly.
Good mourning to all of you.
As the GST bill was passed on july 2017 by the prime minister of India first of all what is GST? GST means goods service tax which impose all the other bills such as excise tax, service tax, vat tax, additional excise tax and convert into a single tax i.e. GST. GST consist/contains of two tax one is state (SGST) and other one is Centeral (CGST). As it does not differ from the previous one and the prices of items remains same and such a minor difference.
For implementing GST only a middle class and poor class suffer alot as they don't know what is Gst and how much price they have to pay for buying items. , medicine rates also increases due to which poor poeple cannot take proper medical help due to which they suffer a lot. Many shopkeepers take the advantage that many people don't know about gst and prices so that they can sell their products at a vey high rates and according to their interest.
At last I would like to say that non execution of GST bill might herald end of present government, this I say only because govt introduced GSt bill without proper planning and did not created any awareness In my views 80% of people don't know about GST and they went through alot. In our country 70% peoples are middle class and poor family so without introducing about the bill, for implementing creates a lot of problems.
I personally fells that this bill eradicate corruption and improves our economy in future but without introducing create a lot of problems to a middle class family and poor people.
At last I would like to say that our government run various programmes/events/schemes to create awareness among the people so that they know about GST and what's the benifit of it.
Thank you guys.
It will not end the government either it makes them stronger. Because we know more middle or lower class families had supported PM for it. Everyone want corruption to be demolished from society and it is a way to do so. After implementation of GST India had grown according to World Bank and will be soon at top of the world.
The rates after GST are increased only for the rich classes as the 18%&24% slot items are only of there use which include luxurious hotels etc and no effect is on the middle class so they will always support the decision.
I think it's time to break the ice, as our topic is on Gst, I would like to share some of my views on it.
The sales and goods services was launched at midnight on 1st July 2017 by the president of India Pranab Mukherjee and prime minister of India narendra modi.
Gst has replaced several former taxes which includes central excise duty, customs duty, additional customs duty and state-level value added tax.
Gst was basically introduced to reduce the rate of goods but still we see there is not enough variations in the price as it was before, in spite of decreasing there are soo many products whose price has increased drastically after the Gst implementation, for example, train tickets personal care items, food at fine restaurants, mobile bills, banking charges etc.
As India is the country of the middle class, poor class ppl with low literacy rate and a higher number of rural areas.
There are so many ppl who are unaware of Gst rates on different items. So they are being cheated by the shoppers as well. So, I think Government should have conducted awareness programme relating Gst rates and values as well as should have planned better and cheaper Gst rates on the items which are must in need like food items, medicines, petroleum before its implementation.
Conclusion: I think due to the increase in prices due to Gst and problems faced by the ppl due to the lack of awareness and understanding about the Gst rates, non-execution of GST bill might herald end of present government.
Good evening and all I admit who share this topic I also wants share my view on this topic.
I think introduction of GST by present goverment will cause end of present goverment. Maximum population of India belongs to poor or middle family and due to GST price of maximum products increased. GDP fall down, small eentrepreneur closed their business. Government directly introduced gst without any.
Awareness campaign. Ilitrate peoples are not understanding GST so shopkeeper are getting advantage of this and they sells their product at high prices.
I admit that may GST cause long term advantages but without awaiting peoples you can take such a big decision for country like India where maximum population belongs to rural area and they are illiterate. I conclude that improper execution of gst is big blow for bjp government.
I think before implementing GST in India govt should have created some awareness about GST among people, because some people till today don't know why they are paying extra tax (GST) on the products. Middle class and poor people face difficulties to buy things for their daily use because they lead the life based on daily wages. GST has made impact on medicines also by increasing its price, because of this poor and middle class people are facing difficulties to buy medicines and because of this reason poor /needy people will not be able to get proper treatment for their health issues.
GST is not good, because GDP of our country decreased and due to GST poor and middle people facing lots of problem.