India is going to implement GST from this July for its taxation. Is it a good taxation law?
I think it is a wise move taken by the Indian Government. Presently, we are paying so many taxes that we actually do not know how much is paid towards what. You have the Sales Tax, the Service Tax, the VAT and like that. Can you tell how much is the actual cost of your good and how much tax you have incurred? But, when once the GST comes into effect, I hope we can clearly identify the actual cost and the tax paid for each good or service. This brings transparency in the system and the traders can not manipulate prices.
Yes Sunil I think it is a good decision and better taxation law than existing as all tax collected will directly go to central government so corruption rate will fall down for more detail you could see the benefits of GST here - http://techalgorithm.com/full-form-of-g … on-of-gst/
Yes, I think implementing GST is a really good decision as we will actually get to know how much tax we have paid and the plus point is that there is no GST on the ordinary things, mainly bought by BPL families and it don’t force middle class or upper middle-class families to give extra bucks.
by ptosis 15 months ago
yea or nea? Are you HAPPY! that the richest .01% get less taxes? I mean - they did earn it didn't they?Do they just work harder? Is everybody else just stupid and lazy? Hard work will only get you so far if circumstances aren’t amenable. Do you believe that “If you’re still poor at 35, you...
by ahorseback 14 months ago
Property taxation on the state and local levels varies in incredible amounts , Property taxes primarily can vary from a few hundred to Twenty thousand dollars for a half acre home ? Major Tax reform needs to happen now !
by AnalogousMethod 5 years ago
What a great country. Let me tell you a story about a man and his wife.This man worked hard for "the man" for a decade out of high school, and lost his job. His wife was working on her degree. He started looking for more work, but the economy was bad due to everybody and their dog setting...
by weholdthesetruths 7 years ago
The Constitution says that no person shall be deprived of life, liberty, or property, without due process, meaning a trial and jury. At what point, after having gained wealth, does the Constitution no longer apply, and they're free to be looted, their wealth taken?
by Susan Reid 6 years ago
Wow. 500,000 households making more than $100K per year and 7,000 millionaires paid no income tax in 2011.Do they consider themselves "victims" do we suppose?Are they lost causes who will never "take personal responsibility and care for their lives"Excerpt followed by...
by Dr Billy Kidd 6 years ago
The Senator from Nevada, Reid, says a Bain Capital employee told him Mitt Romney did not pay taxes for 10 years. If this proves to be true, does this change anything? Won't some people simply regard Romney as more of a hero, wishing they could do the same thing.
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