Mr Datar, small businesses were easily escaping the taxation and hoarded black money for decades. Now they are brought under the radar. Also till now the so called learned people of India never even bothered to look at restaurant bills where even Non-AC stinky hotels used to charge 15-20 % tax in the name of Service charge. Now they shouldnt do that. Its all transparent. Also this Govt made you aware of looking at the tax in your bill, which is a big achievement in itself.
Both the opposition and the government agreed to each and every article of the GST. The Congress and the opposition were trying to get this tax reform on the floor from the past 10 years. The only problem with this tax is, that it is almost leak proof, so no hiding tax. That's the pain. The positive thing is that the near future it will reduce the burden of the salaried middle class class by expanding the tax net.
The saddest part of GST in India is that the baby formula is taxed at 18% while condoms are taxed at 5%. Dosa batter is taxed at 18% while pizza has a tax of 5%. What an anti national GST this is which prefers condoms over country's future and foreign fast food over Indian homemade meal.
Suchindranath Aiyer fully agreed... gst is not coming with same platform as the idea was expected... some things are smoother...but a lot things are messy...and I personally feel gst will also cause cascading...
+Nidhi Sharma The so called Deliberative Democracy (Modi) succeeded in bringing all states on board because much more revenue is to be raised with far more opportunities for law and procedure fomented extortion. A new avatar of "license" Raj.
+pawarvs I would never vote Khangress. Raoul or anybody. Please remember that GST passed with the support of the Khangress Parivar that loots together to stay together. Modi's deliberative democracy, Padma vi Bhushan to Sharad Pawar, induction of SM Krishna giving Jailtey yet another barrel to fire from, non prosecution of VIPs for corruption and so on are signs of Modi becoming another Khangress clone. One looks from pig to man and man to pig and cannot say which is which.
The GST allows input tax credit across IGST, CGST and SGST. Thus a retailer selling bike can claim input credit and therefore lower prices and therefore higher consumption and GDP.
Ghosh Aravind Datar, you are such a charismatic speaker!!! Explained so well.... Another thing you can add is that GST has killed small businesses who cannot afford to hire CAs to file 37 returns.
Had a paitent view, any change is not welcome. GST is not the end, it's a transition. Let the process go on, it will keep reforming. What do you think, the present model is perfect?!!
CGST, SGST, TN adds entertainment tax on 4th July 2017 in addition to SGST. Maharashtra increase registration tax on 4th July in addition to SGST. so taxes in India after 1st July, CGST, SGST, entertainment Tax, Registration Tax, and any other tax the State government wants to add.
Akshay Tikekar ,Why can't PM &FM hear him out once present logical rebuttals,if any, point by point instead of asking where was Datar 10 yrs ago. For that matter, where was Jaitly on this prior to 2014 election,just ponder a little.
+Akshay Tikekar True after all why should agents of (cheap labour and consumer base) for multinational companies should listen to such sensible talk, We HAVE to kill small (and independent) businesses otherwise how else can we lay red carpet for WALLMART?
If India is not ready for GST.. I wonder was India ready for IT mid 1990 and look where is India today in IT.. On one side you appreciate idea of GST (single tax for multiple taxes) but you have problem with how govt is implementing GST in India (even after knowing the facts/complications that Mr. Datar stated like power of state and centre has on levying taxes) Don't be hypocrat either you appreciate GST or don't.. Also with all respect to Mr. Datar he must get clarity on how GST is implemented in other countries.. he only stated points proving his thoughts.
Rakkamma Paatti Very easy to say today that IT was cake walk for Indians in early 1990.. Do you like to pay unnecessary taxes or taxes which are burdened on you (assuming you are end user) like selling tax? I am also getting a vibe that its more anti BJP thinking than anti GST
Around 6 minutes 30 seconds, you compared Post-GST's 49 (36 GST + 12 TDS + 1 Annual) returns vs Pre-GST's 2 (2 Service Tax) returns in case of a service provider. I would like to point out that Pre-GST returns were 6 (2 Service Tax and 4 TDS) and not 2. Best, CA. Anirudh Bagai ACA, LLB
The following are the specified person (s) who are liable to deduct TDS: An Individual or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year. A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore in case of a business, or Rs. 50 lacs in case of a profession. Refer: www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
CA. Anirudh Bagai ACA, LLB sir you're partly correct, the TDS returns you mentioned are the ones under the IT act, which have to be filed by all tax audit persons be it a manufacturer, retailer, wholesaler or service provider. but here, the 12 TDS returns are under the GST act, which is applicable only for supply of goods/services above 2.5 lakhs and only for specific goods/services, yet to be notified. these two TDS return types are completely distinct, please don't merge them together.
It is very easy to comment from couch Nothing starts perfectly especially when you are trying to normalise tax structure across 30 states and 1.3 billion people , but not starting at will keep us in the state British left us
sir shall u please say how u resolve instead digging issue. speaking against is easy to manage is very difficult. do u want india leave as it is? or need some change.
Why petrol and diesel prices are not brought under GST. Now for petrol and diesel the central exise duty is 23% and state VAT is 34%. Total tax is 57%. If these essential products are brought under GST , the maximum tax will be only 28%, which means the prices of petrol and diesel can come down by almost 50%. The public at large will be benefited. Please spread this message .
koshy idiculla atleast read the govt statements before oozing shit online , the govt has clearly stated that fuel and alcohol will be duly brought under gst in due time !
koshy idiculla you are 100% correct if the modi s government looking people favour why don't you brought the petrol and diesel under GST it's clearly seems that this for only sake of ambani and adani
enchanted douche So did govt bring petrol&diesels under gst??? 1year passed..... If govt had any good intension to bring petrol under gst then they would hv done many months before......
Dear Sir, Scientific apparatus& scientific instruments are mentioned 12% GST list. but by their individual name various scientific instruments and apparatus are mentioned in 18% & 28% list. What rate should be charged by us. Kindly reply.
Mr. Dattar is not only the brightest legal brain but also the most articulate who can drive home his arguments to people with not enough legal background. I am afraid his apprehensions about the much touted GST are well founded.
Can any one tell me why a diagnostic center is filling 36 returns of 12 returns each on 10, 15 and 20 per month and 12 more Tedious returns , what is a tedious return ? . And why is he filing only 2 returns right now. How did the value 12 come into play here.
Mr. Datar, you are perfect in telling the gathering of intellectuals that what the GST holds for them in future but nobody is bothered. The addition of 2 percent is simply baseless & idiotic. The most serious problem is in relation to exports where refunds replace exemption. The world is not foolish to work with exemptions under the aegis of WTO. Refunds are simply unworkable because they are a distortion, capital is very costly in this country, there is no free lunch & this gives bureaucracy a chance to hold the businesses to a ransom. It is rather unfortunate that no business leader has spine to call spade a spade & stop singing praises of the impending disaster. Last but not the least important is the missing infrastructure therefore the system without a trial run is going to create chaos & wreak a havoc because I believe nobody has a magic wand in the government.
Arvind Datar - You're awesome in explaining this serious issue without exaggarating. I am a big fan of you from now on! All the Modi fans should consider this video and think again before blindly applauding for all his acts. Some might be good but some might be bad as well.
Rajan A Devar yep. planning the same. but ny reason is different to leave this country..my reason is religion of peace but whats the use of leaving the country, islam is taking over everywere.
CtrlShift X ; the problem you are worried about is very small as compared to this economical problems. ...forget about religion community cast and creed.. all an Empty stomach can think about is, *food* and some money to obtain it.
CtrlShift X ; i dont disagree to the fact you said.. yes there are religious elements like that. but still cannot stereotype it. Dr. APJ Abdhulkalam was a muslim. and many more are very loyal to the nation than to their religion. the only solution to this is.. to be stronger than the enemy at all point of time. if you are stronger, enemy will not dare attack you. and eventually over a period of time the enemy would quit.
Sanket Deshmukh ; the problem with monarchy is; the there isnt any potential person. for a diverse Country like India only a Saintly person can be a good monarch. who has the qualities like. #1.No pride *(of race language cast creed or any identity) #2. absolute Selflessness. #3. he/she has to be a Bhramachari.*(no child or spouse) #4. should consider all country and its people as his own blood relative and should not be biased to anyone. #5. Only Justice and well being of citizens should be his life motive. #6. should have *absolute zero 0* attractions towards wealth, fame, sex, selfrespect, food and any other kind of pleasure. #7 should be of sound mind with a lot of wisdom and good health to perform his duty. if any one have such qualities only then he/she has capacity to be a King this nation or else not.
I am astonished to hear this from Datar. He has clearly not understood what CST is all about, and so have the majority of commentators on this video. in essence, both you and Mr Datar have failed to see the bigger picture in the Indian context of simplyfying the tax, removing the bottlenecks in the transport of goods across the country, the elimination of corruption at these toll nakas and bringing a sense on oneness amongst Indians. I am on the winning side, you are on the losing side in this debate, live with it. And now that CST is operational, embrace it and move forward WITH the country.
Nicely explained.. I have a question and i would like answer on it. Let me put up my question through an example to simplify it. I went to a hotel for a coffee. The rate was INR 40/-. This incident I want to explain is when the GST was implemented and the GST was 18% (9% local + 9% center). I got the bill of 40 + 7.20 = 47.20 total. I paid the bill at counter and asked how old was the menu card printed and the rate not being changed. I came to know it was about 2 yrs old. Now I want to understand that when that menu card was printed there was no GST implemented. But on products like coffee, sugar, milk there must be some sort of taxes like excise, VAT, octroi (where applicable). So the question that came to my mind was why the actual product rate never decrease as those taxes are now out and if GST has simplified and lessen the tax burden than that coffee rate should be like 30 to 35 and than 18% GST implemented. Still today I see the rates are same as before the GST and on top of that GST is implemented. When will the actual effect of GST come in play and which government body or sub-body is responsible and on the field to that and show the result in numbers.
The economy is so down today, the reason can be easily connected to GST, its compliance issues, the government has gone thinking that the high rate would budget its expenses, what actually happened was that it reduced the demand so much that we are heading into recession...... Let Mukeshbhai (RIL) run the tax department, I am sure that he shall reduce rates and increase volume and remove compliance bottlenecks to spurt the economy back on track....
Good points. My main concern is the lack of digital infrastructure for it's implementation. Amp up your data speed. Long delays in exchange of service is expected.
I 100% convinced by Mr. Datar. In my opinion State VAT Laws are not success and GST is nothing new but it is a Nationwide VAT. State VAT laws are unsuccessful in absence of proper infrastructure i.e. Computerization. Our view is, Center must go through the reasons of failure of State wide VAT system thereafter introduce GST.
I have a question to everyone; What are you going to do about it? GST is coming. India has rubbish laws in place to protect government officials and the country's citizens suffer. What are you going to do about it?
GST I had said so the moment Modi spoke about his "Deliberative Democracy". All that Modi and his Parivar that loots together to stay together (SC/ST/BC/OBC/MLA/MP/IAS/IPS/IRS/IFS etc ) did was to increase the taxes and procedural opportunities for extorting "bribes. This was never GST. To begin with or end with! "IT HAPPENS ONLY IN INDIA GST rates finalised: Here's the bad news - despite the big reform we are the most-taxed people globally Finally, the contours of the Goods and Services Tax (GST) regime has become clear with the two-day session of the GST Council at Srinagar coming to an end on 19 May (Friday). The GST Council has largely worked out the details of the fixation of the items to the four-fold tax-structure (0 percent, 5 percent, 12 percent, 18 percent and 28 percent) that has been agreed upon. We have now effectively a five-fold tax structure if we take into consideration the fact that the so-called ‘sin’ goods or ‘demerit’ goods are still outside the purview of the GST. As such, if we take into account only the four rates that have been agreed upon by the GST Council, how does it compare with the other nations of the world, rich or poor, who have implemented a GST regime? Well, with 28 percent as the highest taxation slab in our scheme of things, we acquire the dubious distinction of the most taxed country as far as the indirect taxes are concerned. Let us do a brief comparison. Let us first focus on some outliers.Reuters Saudi Arabia, the oil rich country, has no consumption tax regime (bliss for the consumers). Singapore, the city-state, has a standard 7 percent taxation structure. And, Switzerland, the traveller’s paradise, has a standard rate of 8 percent, with the reduced rate of 4 percent for hotel accommodation. Let us then take, for example a country like Australia where the 10 percent tax rate applies to all goods and services eligible for tax. Indonesia too has a standard 10 percent tax rate, with a stipulation that some goods would attract 15 percent tax and others 5 percent tax. South Korea again has a standard rate of 10 percent. Japan is, of course, a rich country and it has a standard consumption tax of 8 percent. But the Japanese government has announced that the GST rate would increase to 10 percent effective from October 1, 2019 (this is unlike our country where the rulers decide and increase the tax rate overnight at their whims). Canada is one country where a two-tier GST regime has been laid out. The federal tax is fixed at 5 percent and the states have been given the option to decide on a standard rate. Two states there have chosen to levy no additional tax and four states have decided on a maximum 10 percent tax. Other states fall in between. Citizens of Canada pay between 5 percent and 15 percent of consumption tax, depending on where they live. Let us now take a look at the European countries. Even the Scandinavian countries, best known for the social welfare oriented economies, have the highest GST rate of 25 percent, with many average consumer utilities charged at a lower rate. Sweden, for example, charges 12 percent for hotel accommodation and restaurant food (our stipulated rate is 28 percent for the higher category and 18 percent for the lower category). Sweden charges just 6 percent for cinema (we have stipulated 28 percent tax for it). Netherlands has a highest GST rate pegged at 21 percent, but most consumer utility items such as domestic passenger transport, hotel accommodation, restaurants and entertainment activities etc are covered under the only other taxation category - that of 6 percent. The United Kingdom has been in the news for some time for the economic distress that has led to increase in taxation across the board, but even after the increase its standard GST rate is 20 percent and the only other slab of 5 percent covers supplies of electricity, LPG etc. What is important to note that in the UK no tax is levied on household water supplies, food stuff (including processed or pre-cooked food), domestic and international passenger transport, construction of residential buildings etc (compare this with how much tax we have to pay in our country for such items). Greece, another European country in the news for its economic meltdown, has the highest GST rate of 24 percent and reduced rate of 13 percent and 6 percent for various categories of goods and services. Argentina, the Latin American country struggling with its economic woes for decades, is the only state which, with a 27 percent highest slab GST rate, is just a notch below our 28 percent. But that is a small consolation for us who are aspiring to be an economic superpower in the years to come. We should compare ourselves with the country which is mostly on our radar in the sphere of economic competition, i.e. China. China has the highest GST rate of 17 percent, with seven different rates for a range of goods and services. What is significant is that it levies just 11 percent tax for entertainment (cinemas and the like) and restaurants (we have stipulated 28 percent for cinemas and five-star hotels and 18 percent for other restaurants). What is still more noteworthy is that China has fixed 6 percent tax rate for financial services, insurances, and telecom services. And what have we done? We have fixed the rate of 18 percent for all these services - which is 300 percent higher compared to that of China. Is there anything to save our face? There is none even when we look around us - the smaller countries in our neighbourhood. Bangladesh, for example, has the highest rate of 15 percent, with seven reduced rates for varying goods and services. The other island country in our neighbourhood, Sri Lanka, has again the standard and only GST rate of 15 percent. Even our bedevilled neighbour, Pakistan, has the highest sales tax rate of 17 percent, with four reduced tiers of taxation. The tiny Himalayan neighbour, Nepal, has a standard and only rate of 13 percent. Our finance ministers (union and state) may gloat over the fact that they have devised tax rates that would not increase the burden on the average taxpayer, but that would also greatly depend on whether the companies would actually pass on to the end-consumers the benefits of the input credit that they would get in the new GST regime. But what is more important for us, the citizens, is to cogitate on this: Do we deserve to live in the most-taxed country in the democratic comity of the nations? It would have a welcome move for us had the distinction of the highest tax rate been attained as regards the direct taxes because such taxes are progressive and citizens pay according to their income and wealth. But the GST is an indirect tax, which is necessarily regressive -- every citizen, rich or poor, pays the same rate of tax. That is why the test for a nation that is pro-poor is: it pegs the indirect taxes as low as possible. We have clearly failed that test miserably, as we have happily created a GST regime with a taxation structure that is highest in the democratic world. Published Date: May 20, 2017 01:35 pm | Updated Date: May 20, 2017 02:03 pm" (Benimadhav Mohanty) (Via Miel Sushmita Surya)
+Tap K sure. The head of a prosperous family of Sikh transport operators (they drove the trucks themselves) based in Hoshiarpur old me in 1977, that they did not pay tax because the Government does nothing for them. They do not even have proper roads or traffic management ad regulation. If one of the boys lost his legs in a Government created accident, would the Government pay for quality medical facilities and make good the loss of income? Certainly not. Everybody from President of India to lowest peon is corrupt. Why pay taxes when you have to pay bribes. Look at Banking today. We are being forced to pay all sorts of arbitrary charges with no appeal to compensate for the enormous profligacy of the Neta-Babu-Banker-Crony rascals who have stolen away our wealth in return for "Non Performing Assets"!
+ Tap K The tragedy of living in the Indian Rapeublic. Constitutionally designed by the PANGOLIN*s to punish the good for the benefit of the wicked. All India did after 1947 was create a new unproductive rentier class in their millions (voie banks) nd replace the Aristocracy i.e. cultured men of integrity such as the Maharajas of Mysore, Travancore, Puri, Kashi and the poor if learned Brahmins with the Nouveau Kleptocracy of Politician, Bureaucrat, Judge, Police and Cronies. Modi is carrying on this tradition with his deliberative democracy. Not that not a sincle scamster from Kalmadi and Sonia Gandhi to Manmohan Singh, Praful Patel, or Chidambaram is in jail. Instead SM Krishna has been inducted into the BJP and Sharad Pawar has been given a Padma vi Bhushan. *Note: PANGOLIN: An enemy of India who believes in inequality under law, exceptions to the rule of law and persecution of some for the benefit of others. At present, the sole purpose of the Indian Republic, Constitutional or otherwise, is to pamper and provide for certain constitutionally preferred sections of society who the British found useful to hold and exploit India at the cost of those who the British hated and persecuted. The Pangolin is a creature that is unique to India and feeds on ants that are known in nature to be industrious and hard working if not quite as fruitful as bees who flee to better climes. (PANGOLIN is an acronym for the Periyar-Ambedkar-Nehru-Gandhi-Other (alien) Religions-Communist Consensus that usurped the British Mantle and has worn it with elan to loot, plunder, and rape India since 1921 and re write History and laws to their exclusive benefit since 1947)
+ Anuj Goyal In 1887 Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years prior: "A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse over loose fiscal policy, (which is) always followed by a dictatorship." "The average age of the world's greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to complacency; From complacency to apathy; From apathy to dependence; From dependence back into bondage." The question that begs an answer -- At what stage is India now?? Reservations? Seventh Pay Commission? Pampering and protecting the corrupt? Increasing taxes AND profligacy? Increasing Deficit AND Inflation? Increasing charges on all State monopolies and quasi monopolies from fuel, to banking to everything. Increasing the number of non productive persons on Government and Quasi Government Pay and Corruption Roll? Since the days of ancient Athens, every democracy achieves mediocrity. if, unlike "Commonwealth" countries like India, Pakistan, Kenya, South Africa, Australia, Zimbabwe, Canada, Nigeria and so on, they are not fortunate enough to be born into mediocrity or sub humanity. "Democracy" plays to the lumpen to get the votes. It dumbs down the lumpen to retain those votes. Either through propaganda in the short term or by agnotology and corrupting education in the long term. It garners wealth into the hands of the powerful to perpetuate their own pomp, pelf, pleasure, and perpetuation at the expense of the many and builds nations weaker in intellect and moral fiber than the ruling class which then throws up the next generation of rulers of still lower intellect and moral fiber in a reflexive and downward spiral. (Justin Trudeau, Rahul Gandhi and Prince Charles are the more egregious examples). India's most significant democratic achievement in Seventy Years has been the inability to produce a single President or Presidential candidate of Eminence and Integrity. And so, inevitably, democracies collapse until redeemed through conquest by an authoritarian and barbaric force (such as Communism, Islam, Fascism or some other Imperial force) to commence the next journey towards appeasing the slaves, then the serfs, then subjects, and then, perhaps, citizens if they get that far into "democracy". At the root of the problem is the unfailing corruption of all States through inequality under law and exceptions to the rule of law through lawful or unlawful (but winked at) means and the tendency of People to prey on others and betters while eliminating the principle so well enunciated in the Brahmin Prathamo Upanishad "None may be happy while any are unhappy"
There are problems of implementation and filling returns but not agreed with him totally.. Their might be initial hiccups but going farward it can be customised....5 slabs 0 to 28 % can easily be reduced to 3 but keeping grain and SUV in same tax slab cannot make a sense...tax evaders will never like it at all..
pravesh chauhan So rubbish Patannali goods pay taxes also. Religious riot.happens.before as well but no one care about hindus. Previously only Muslim victims card always play
Rahul Kumar lakra Nestle.also.failed the test. It is good.that they failed the test.so they have to.improved. What the riots related to this topic ? Riots not.increase anyway and mainly it always start by Muslim not.hindu
I don't get 1 thing if Patanjali is growing then what's wrong in it? if Indian businessman growing what is problem? every co comes with their special product same way patanjali doing with Ayurvedic products. so where is problem?
India should have a direct debate with Mr Modi and all these people who oppose his every move whether its Demonetization or now GST. Its very important and true to our age old tradition of Shastratha. Whosoever wins the debate, we should follow them.
He is true, Most worst thing in GST is it's number of rates and three return every month. All business People should come to gather and shout or ready to face problem. Because finance minister think that All business men are cheater.
Even after 4 years, the government has no clue about GST and doing blunder after blunder... The top line empty with their portion above their neck... Unfortunate indians we are
What is wrong if a returns officer holds justice nariman's ineffective with respect to taxation?? After all the decision shall be subjected to further judicial review
A dissenting view always needs serious consideration. But, prospect of living with 30 plus VAT laws is worse than GST's problems. Perhaps the government can reduce monthly returns to quarterly returns for reducing the compliance burden.
The government has very well explained the taxation system to us. But have they explained us what the heck they are doing with the tax collected from us??? Is there really any improvement in the infrastructure, medicine, education system, even in our basic needs etc??? And what the heck is this cashless system?? What if our account is hacked??? Also has demonetisation done any good to us??? Why havent they given any account on what they have done with the black money collected??
In the present VAT, the Tax structure on a particular product differed from State to State, whereas under the GST the Tax is uniform of any particular product. There were any number of other Taxes levied b the State and Central Govts., Under the GST the uniform VAT rate and all other service taxes etc and duties have been consolidated oin the GST. The wisdom of the GST Council comprising of all Sates and the Centre has been challenged by the personal opinion of an individual... Comparing the GST of Singapore, a city State and the GST of India which has 29 States and the Central Government... The earlier UPA Govt at the Centre attempted but due to resistance of some State Govts, the GST could not be passed in the Parliament and the State Assemblies. Finally, during the present NDA Govt., all State Govts (comprising of various political parties) and the Centre (NDA) managed to pass the GST Bill.
If a Government wants to raise revenue, tax the sources of wealth; not the average person with GST. Put a tax of 1 cent or 1 penny on every stock exchange transaction and watch the money flow in.
I don't understnd, this guy is saying 20 lakhs limit in service tax means, more companies will be created in different names, right now 10 lakhs is the limit, only now are there more companies being registered in different names, to be honest, with 20 lakhs limit, the creation of fake companies will come down!! Actually majority of small scale industries I know, are breathing a sigh of relief, for the exemption being increased from 10L to 20L!!
Thanks sir .As for as middle class people any tax is hard on us,particularly charging GST on medicine, Mediclaim is terrible.On all senior citizens in Mediclaim already the amount is very heavy charged by all insurece companies.for example Apolomunich is charged actual amount health insurance is 22,000 appreciate for my wife aged 62 years for this GST is 4500 nearabot 40 percent. And service tax and all came to rs29,585.i normally advise my family instead have a RD account keep seperate for mediclaim.this will serve ourpupose if we won't fall sick atleast this money help us.but in Mediclaim all will go to the insurance company.we all Indian people's were created and we are very helpless.
WHEN WILL INDIAN CITIZENS AND BUSINESSES PAY TAXES CORRECTLY AND WILLINGLY. DO YOU EXPECT INDIA TO PROGRESS WITHOUT THE PAIN OF TAXES? OF COURSE YOU WOULD BE BETTER WITH A SINGLE COUNTRYWIDE TAX.
Arvind sir.. you speak well.. are you planning to join congress?. there are so many great people worked behind this.. if what you say is right.. i am certain govt will take corrective action.
Terrific Video..This Government Is Curse For India.
Dont vote b.j.p vote congress
@@sbharatvaj4408crap
Hats off to people who do business in India.
Mr Datar, small businesses were easily escaping the taxation and hoarded black money for decades. Now they are brought under the radar.
Also till now the so called learned people of India never even bothered to look at restaurant bills where even Non-AC stinky hotels used to charge 15-20 % tax in the name of Service charge. Now they shouldnt do that. Its all transparent.
Also this Govt made you aware of looking at the tax in your bill, which is a big achievement in itself.
Both the opposition and the government agreed to each and every article of the GST. The Congress and the opposition were trying to get this tax reform on the floor from the past 10 years.
The only problem with this tax is, that it is almost leak proof, so no hiding tax. That's the pain.
The positive thing is that the near future it will reduce the burden of the salaried middle class class by expanding the tax net.
Real and true Lawyer. Can advocare any opinion for money.
The saddest part of GST in India is that the baby formula is taxed at 18% while condoms are taxed at 5%. Dosa batter is taxed at 18% while pizza has a tax of 5%. What an anti national GST this is which prefers condoms over country's future and foreign fast food over Indian homemade meal.
Aravind Datar says it right. India's GST is not GST. It is an evolution of the Churchill prognosis to tax Indians for the pleasure of Neta-Babus.
Suchindranath Aiyer fully agreed... gst is not coming with same platform as the idea was expected... some things are smoother...but a lot things are messy...and I personally feel gst will also cause cascading...
+Nidhi Sharma The so called Deliberative Democracy (Modi) succeeded in bringing all states on board because much more revenue is to be raised with far more opportunities for law and procedure fomented extortion. A new avatar of "license" Raj.
Suchindranath Aiyer i will nvr vote bjp again.. vote rahul as pm..
+pawarvs I would never vote Khangress. Raoul or anybody. Please remember that GST passed with the support of the Khangress Parivar that loots together to stay together. Modi's deliberative democracy, Padma vi Bhushan to Sharad Pawar, induction of SM Krishna giving Jailtey yet another barrel to fire from, non prosecution of VIPs for corruption and so on are signs of Modi becoming another Khangress clone. One looks from pig to man and man to pig and cannot say which is which.
Suchindranath Aiyer .you free to vote for a 45 year old kid who the sycophants say give him some more time to evolve
superb. a good simple explanation. thanks sir.
A very presentation of facts. This is not how GST works.
The GST allows input tax credit across IGST, CGST and SGST. Thus a retailer selling bike can claim input credit and therefore lower prices and therefore higher consumption and GDP.
Ghosh Aravind Datar, you are such a charismatic speaker!!! Explained so well.... Another thing you can add is that GST has killed small businesses who cannot afford to hire CAs to file 37 returns.
Any lay man can understand,the concepts are simplified ,what an effective presentation.thank you sir
A good talk. FM Jaitley is complicating everything. A very unfit man. He is going to make the life of every citizen miserable.
Is GST applicable on utility bills...??
Who all realised this thing by 2021?
Had a paitent view, any change is not welcome. GST is not the end, it's a transition. Let the process go on, it will keep reforming. What do you think, the present model is perfect?!!
CGST, SGST, TN adds entertainment tax on 4th July 2017 in addition to SGST. Maharashtra increase registration tax on 4th July in addition to SGST.
so taxes in India after 1st July, CGST, SGST, entertainment Tax, Registration Tax, and any other tax the State government wants to add.
hats off to Arvind Datar, for country's sake , PM &FM should hear him out
Rajagopalan Krishnamachari where was Mr. Katar for last 10-15 yrs.. if GST is horrible VAT wasn't cool either
Akshay Tikekar ,Why can't PM &FM hear him out once present logical rebuttals,if any, point by point instead of asking where was Datar 10 yrs ago. For that matter, where was Jaitly on this prior to 2014 election,just ponder a little.
+Akshay Tikekar True after all why should agents of (cheap labour and consumer base) for multinational companies should listen to such sensible talk, We HAVE to kill small (and independent) businesses otherwise how else can we lay red carpet for WALLMART?
If India is not ready for GST.. I wonder was India ready for IT mid 1990 and look where is India today in IT..
On one side you appreciate idea of GST (single tax for multiple taxes) but you have problem with how govt is implementing GST in India (even after knowing the facts/complications that Mr. Datar stated like power of state and centre has on levying taxes)
Don't be hypocrat either you appreciate GST or don't..
Also with all respect to Mr. Datar he must get clarity on how GST is implemented in other countries.. he only stated points proving his thoughts.
Rakkamma Paatti Very easy to say today that IT was cake walk for Indians in early 1990..
Do you like to pay unnecessary taxes or taxes which are burdened on you (assuming you are end user) like selling tax?
I am also getting a vibe that its more anti BJP thinking than anti GST
what is that word he used at 4:12 ?
appendages
Around 6 minutes 30 seconds, you compared Post-GST's 49 (36 GST + 12 TDS + 1 Annual) returns vs Pre-GST's 2 (2 Service Tax) returns in case of a service provider. I would like to point out that Pre-GST returns were 6 (2 Service Tax and 4 TDS) and not 2.
Best,
CA. Anirudh Bagai ACA, LLB
The following are the specified person (s) who are liable to deduct TDS:
An Individual or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.
A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore in case of a business, or Rs. 50 lacs in case of a profession.
Refer: www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
CA. Anirudh Bagai ACA, LLB sir you're partly correct, the TDS returns you mentioned are the ones under the IT act, which have to be filed by all tax audit persons be it a manufacturer, retailer, wholesaler or service provider.
but here, the 12 TDS returns are under the GST act, which is applicable only for supply of goods/services above 2.5 lakhs and only for specific goods/services, yet to be notified.
these two TDS return types are completely distinct, please don't merge them together.
That still less than gst returns
thanks so much for the unbiased, fair warning about GST and this govt. overall economic policies...
It is very easy to comment from couch
Nothing starts perfectly especially when you are trying to normalise tax structure across 30 states and 1.3 billion people , but not starting at will keep us in the state British left us
sir shall u please say how u resolve instead digging issue. speaking against is easy to manage is very difficult. do u want india leave as it is? or need some change.
After demonetization , GST is again going to a big mess
Dont vote b.j.p
Why petrol and diesel prices are not brought under GST. Now for petrol and diesel the central exise duty is 23% and state VAT is 34%. Total tax is 57%. If these essential products are brought under GST , the maximum tax will be only 28%, which means the prices of petrol and diesel can come down by almost 50%. The public at large will be benefited. Please spread this message .
koshy idiculla atleast read the govt statements before oozing shit online , the govt has clearly stated that fuel and alcohol will be duly brought under gst in due time !
koshy idiculla you are 100% correct if the modi s government looking people favour why don't you brought the petrol and diesel under GST it's clearly seems that this for only sake of ambani and adani
enchanted douche
So did govt bring petrol&diesels under gst???
1year passed.....
If govt had any good intension to bring petrol under gst then they would hv done many months before......
Dear Sir,
Scientific apparatus& scientific instruments are mentioned 12% GST list. but by their individual name various scientific instruments and apparatus are mentioned in 18% & 28% list.
What rate should be charged by us.
Kindly reply.
Mr. Dattar is not only the brightest legal brain but also the most articulate who can drive home his arguments to people with not enough legal background. I am afraid his apprehensions about the much touted GST are well founded.
What he says came true today, Most of the small and medium business vanished
Can any one tell me why a diagnostic center is filling 36 returns of 12 returns each on 10, 15 and 20 per month and 12 more Tedious returns , what is a tedious return ? . And why is he filing only 2 returns right now. How did the value 12 come into play here.
Mr. Datar,
you are perfect in telling the gathering of intellectuals that what the GST holds for them in future but nobody is bothered. The addition of 2 percent is simply baseless & idiotic. The most serious problem is in relation to exports where refunds replace exemption. The world is not foolish to work with exemptions under the aegis of WTO. Refunds are simply unworkable because they are a distortion, capital is very costly in this country, there is no free lunch & this gives bureaucracy a chance to hold the businesses to a ransom. It is rather unfortunate that no business leader has spine to call spade a spade & stop singing praises of the impending disaster. Last but not the least important is the missing infrastructure therefore the system without a trial run is going to create chaos & wreak a havoc because I believe nobody has a magic wand in the government.
Bjp fucked this country. A lot of businesses have been shut down.
You are right sir , we also feel that this indirect tax reform is anything but GST.
Arvind Datar - You're awesome in explaining this serious issue without exaggarating. I am a big fan of you from now on! All the Modi fans should consider this video and think again before blindly applauding for all his acts. Some might be good but some might be bad as well.
i am leaving this country
or become a farmer if i have to stay here
Rajan A Devar yep. planning the same. but ny reason is different to leave this country..my reason is religion of peace but whats the use of leaving the country, islam is taking over everywere.
CtrlShift X ; the problem you are worried about is very small as compared to this economical problems.
...forget about religion community cast and creed.. all an Empty stomach can think about is, *food* and some money to obtain it.
CtrlShift X ; i dont disagree to the fact you said..
yes there are religious elements like that.
but still cannot stereotype it.
Dr. APJ Abdhulkalam was a muslim.
and many more are very loyal to the nation than to their religion.
the only solution to this is.. to be stronger than the enemy at all point of time.
if you are stronger, enemy will not dare attack you.
and eventually over a period of time the enemy would quit.
don't worry soon democracy will fall and I will establish a nice kingdom in this country
Sanket Deshmukh ; the problem with monarchy is; the there isnt any potential person.
for a diverse Country like India only a Saintly person can be a good monarch.
who has the qualities like.
#1.No pride *(of race language cast creed or any identity)
#2. absolute Selflessness.
#3. he/she has to be a Bhramachari.*(no child or spouse)
#4. should consider all country and its people as his own blood relative and should not be biased to anyone.
#5. Only Justice and well being of citizens should be his life motive.
#6. should have *absolute zero 0* attractions towards wealth, fame, sex, selfrespect, food and any other kind of pleasure.
#7 should be of sound mind with a lot of wisdom and good health to perform his duty.
if any one have such qualities only then he/she has capacity to be a King this nation or else not.
he has good insight into economic system...well appriciated..
he must be given more then 20mints of speech
Great Information.
13:38 unnecessary judicial activism in India is a problem not the other way round.
Omg finally some reason after hearing all the propaganda. Thank you so much for uploading. This is logical and reason centric talk.
Thanks Modiji for making simple one tax instead of 17 types of taxes.
What you want to say now? Are you happy right now?
I am astonished to hear this from Datar. He has clearly not understood what CST is all about, and so have the majority of commentators on this video. in essence, both you and Mr Datar have failed to see the bigger picture in the Indian context of simplyfying the tax, removing the bottlenecks in the transport of goods across the country, the elimination of corruption at these toll nakas and bringing a sense on oneness amongst Indians. I am on the winning side, you are on the losing side in this debate, live with it. And now that CST is operational, embrace it and move forward WITH the country.
what a nice explaination .....
why our finance minister is not understanding the complexity of gst. why... why
I agree with you Sir. It's just a saur candy sugar coated. it's just a waste of public money.
I like this guy very good speaker,knowledgable
absolutely right and right path
Very right the problem is not the law but implementation. The soil is not ready, I totally agree being a small manufacturer.
well said, Mr.Aravind datar
I thought it was 1 nation 1 tax. Then how can states levy tax on a products ?
Nicely explained..
I have a question and i would like answer on it. Let me put up my question through an example to simplify it.
I went to a hotel for a coffee. The rate was INR 40/-. This incident I want to explain is when the GST was implemented and the GST was 18% (9% local + 9% center). I got the bill of 40 + 7.20 = 47.20 total. I paid the bill at counter and asked how old was the menu card printed and the rate not being changed. I came to know it was about 2 yrs old.
Now I want to understand that when that menu card was printed there was no GST implemented. But on products like coffee, sugar, milk there must be some sort of taxes like excise, VAT, octroi (where applicable). So the question that came to my mind was why the actual product rate never decrease as those taxes are now out and if GST has simplified and lessen the tax burden than that coffee rate should be like 30 to 35 and than 18% GST implemented.
Still today I see the rates are same as before the GST and on top of that GST is implemented. When will the actual effect of GST come in play and which government body or sub-body is responsible and on the field to that and show the result in numbers.
absolutly right,even after 5 years of its implementation,we dont see decrease in any items.inflation rate is anyway increasing
The economy is so down today, the reason can be easily connected to GST, its compliance issues, the government has gone thinking that the high rate would budget its expenses, what actually happened was that it reduced the demand so much that we are heading into recession...... Let Mukeshbhai (RIL) run the tax department, I am sure that he shall reduce rates and increase volume and remove compliance bottlenecks to spurt the economy back on track....
words say "make in India" reality is "quit India" spot on!! The only thing hindering this countrys progress is its gov itself
Servers will take the load, what is your problem?
there is only one tax but has different nomenclature ie sgst and igst that is half of the tax rates decided
Good points. My main concern is the lack of digital infrastructure for it's implementation. Amp up your data speed. Long delays in exchange of service is expected.
Mr datar is absolutely right
Swarup Ghosh
m
Swarup Ghosh no he's biased
Totally agree with Mr. Datar
So much sense
I 100% convinced by Mr. Datar. In my opinion State VAT Laws are not success and GST is nothing new but it is a Nationwide VAT. State VAT laws are unsuccessful in absence of proper infrastructure i.e. Computerization. Our view is, Center must go through the reasons of failure of State wide VAT system thereafter introduce GST.
Sanjay Pandey If U r true than its not New idea...why all fear for that
..?
Boss this is GST not VAT...
Both are completely diff.
explain in your own words . HOW?
Very nice explanation
I have a question to everyone; What are you going to do about it?
GST is coming. India has rubbish laws in place to protect government officials and the country's citizens suffer.
What are you going to do about it?
Uday Jamkhandi what are you even saying..? we will blame BJP, congress.
Only you asked the real question. Its not what is happening its what we can do or will do
GST
I had said so the moment Modi spoke about his "Deliberative Democracy". All that Modi and his Parivar that loots together to stay together (SC/ST/BC/OBC/MLA/MP/IAS/IPS/IRS/IFS etc ) did was to increase the taxes and procedural opportunities for extorting "bribes. This was never GST. To begin with or end with!
"IT HAPPENS ONLY IN INDIA GST rates finalised: Here's the bad news - despite the big reform we are the most-taxed people globally
Finally, the contours of the Goods and Services Tax (GST) regime has become clear with the two-day session of the GST Council at Srinagar coming to an end on 19 May (Friday). The GST Council has largely worked out the details of the fixation of the items to the four-fold tax-structure (0 percent, 5 percent, 12 percent, 18 percent and 28 percent) that has been agreed upon.
We have now effectively a five-fold tax structure if we take into consideration the fact that the so-called ‘sin’ goods or ‘demerit’ goods are still outside the purview of the GST.
As such, if we take into account only the four rates that have been agreed upon by the GST Council, how does it compare with the other nations of the world, rich or poor, who have implemented a GST regime?
Well, with 28 percent as the highest taxation slab in our scheme of things, we acquire the dubious distinction of the most taxed country as far as the indirect taxes are concerned.
Let us do a brief comparison. Let us first focus on some outliers.Reuters
Saudi Arabia, the oil rich country, has no consumption tax regime (bliss for the consumers). Singapore, the city-state, has a standard 7 percent taxation structure. And, Switzerland, the traveller’s paradise, has a standard rate of 8 percent, with the reduced rate of 4 percent for hotel accommodation.
Let us then take, for example a country like Australia where the 10 percent tax rate applies to all goods and services eligible for tax. Indonesia too has a standard 10 percent tax rate, with a stipulation that some goods would attract 15 percent tax and others 5 percent tax. South Korea again has a standard rate of 10 percent.
Japan is, of course, a rich country and it has a standard consumption tax of 8 percent. But the Japanese government has announced that the GST rate would increase to 10 percent effective from October 1, 2019 (this is unlike our country where the rulers decide and increase the tax rate overnight at their whims).
Canada is one country where a two-tier GST regime has been laid out. The federal tax is fixed at 5 percent and the states have been given the option to decide on a standard rate. Two states there have chosen to levy no additional tax and four states have decided on a maximum 10 percent tax. Other states fall in between. Citizens of Canada pay between 5 percent and 15 percent of consumption tax, depending on where they live.
Let us now take a look at the European countries. Even the Scandinavian countries, best known for the social welfare oriented economies, have the highest GST rate of 25 percent, with many average consumer utilities charged at a lower rate. Sweden, for example, charges 12 percent for hotel accommodation and restaurant food (our stipulated rate is 28 percent for the higher category and 18 percent for the lower category). Sweden charges just 6 percent for cinema (we have stipulated 28 percent tax for it).
Netherlands has a highest GST rate pegged at 21 percent, but most consumer utility items such as domestic passenger transport, hotel accommodation, restaurants and entertainment activities etc are covered under the only other taxation category - that of 6 percent.
The United Kingdom has been in the news for some time for the economic distress that has led to increase in taxation across the board, but even after the increase its standard GST rate is 20 percent and the only other slab of 5 percent covers supplies of electricity, LPG etc. What is important to note that in the UK no tax is levied on household water supplies, food stuff (including processed or pre-cooked food), domestic and international passenger transport, construction of residential buildings etc (compare this with how much tax we have to pay in our country for such items).
Greece, another European country in the news for its economic meltdown, has the highest GST rate of 24 percent and reduced rate of 13 percent and 6 percent for various categories of goods and services.
Argentina, the Latin American country struggling with its economic woes for decades, is the only state which, with a 27 percent highest slab GST rate, is just a notch below our 28 percent. But that is a small consolation for us who are aspiring to be an economic superpower in the years to come.
We should compare ourselves with the country which is mostly on our radar in the sphere of economic competition, i.e. China. China has the highest GST rate of 17 percent, with seven different rates for a range of goods and services. What is significant is that it levies just 11 percent tax for entertainment (cinemas and the like) and restaurants (we have stipulated 28 percent for cinemas and five-star hotels and 18 percent for other restaurants).
What is still more noteworthy is that China has fixed 6 percent tax rate for financial services, insurances, and telecom services. And what have we done? We have fixed the rate of 18 percent for all these services - which is 300 percent higher compared to that of China.
Is there anything to save our face? There is none even when we look around us - the smaller countries in our neighbourhood. Bangladesh, for example, has the highest rate of 15 percent, with seven reduced rates for varying goods and services. The other island country in our neighbourhood, Sri Lanka, has again the standard and only GST rate of 15 percent.
Even our bedevilled neighbour, Pakistan, has the highest sales tax rate of 17 percent, with four reduced tiers of taxation. The tiny Himalayan neighbour, Nepal, has a standard and only rate of 13 percent.
Our finance ministers (union and state) may gloat over the fact that they have devised tax rates that would not increase the burden on the average taxpayer, but that would also greatly depend on whether the companies would actually pass on to the end-consumers the benefits of the input credit that they would get in the new GST regime.
But what is more important for us, the citizens, is to cogitate on this: Do we deserve to live in the most-taxed country in the democratic comity of the nations?
It would have a welcome move for us had the distinction of the highest tax rate been attained as regards the direct taxes because such taxes are progressive and citizens pay according to their income and wealth.
But the GST is an indirect tax, which is necessarily regressive -- every citizen, rich or poor, pays the same rate of tax.
That is why the test for a nation that is pro-poor is: it pegs the indirect taxes as low as possible. We have clearly failed that test miserably, as we have happily created a GST regime with a taxation structure that is highest in the democratic world.
Published Date: May 20, 2017 01:35 pm | Updated Date: May 20, 2017 02:03 pm" (Benimadhav Mohanty)
(Via Miel Sushmita Surya)
+Tap K sure. The head of a prosperous family of Sikh transport operators (they drove the trucks themselves) based in Hoshiarpur old me in 1977, that they did not pay tax because the Government does nothing for them. They do not even have proper roads or traffic management ad regulation. If one of the boys lost his legs in a Government created accident, would the Government pay for quality medical facilities and make good the loss of income? Certainly not. Everybody from President of India to lowest peon is corrupt. Why pay taxes when you have to pay bribes.
Look at Banking today. We are being forced to pay all sorts of arbitrary charges with no appeal to compensate for the enormous profligacy of the Neta-Babu-Banker-Crony rascals who have stolen away our wealth in return for "Non Performing Assets"!
+ Tap K The tragedy of living in the Indian Rapeublic. Constitutionally designed by the PANGOLIN*s to punish the good for the benefit of the wicked. All India did after 1947 was create a new unproductive rentier class in their millions (voie banks) nd replace the Aristocracy i.e. cultured men of integrity such as the Maharajas of Mysore, Travancore, Puri, Kashi and the poor if learned Brahmins with the Nouveau Kleptocracy of Politician, Bureaucrat, Judge, Police and Cronies.
Modi is carrying on this tradition with his deliberative democracy. Not that not a sincle scamster from Kalmadi and Sonia Gandhi to Manmohan Singh, Praful Patel, or Chidambaram is in jail. Instead SM Krishna has been inducted into the BJP and Sharad Pawar has been given a Padma vi Bhushan.
*Note: PANGOLIN: An enemy of India who believes in inequality under law, exceptions to the rule of law and persecution of some for the benefit of others. At present, the sole purpose of the Indian Republic, Constitutional or otherwise, is to pamper and provide for certain constitutionally preferred sections of society who the British found useful to hold and exploit India at the cost of those who the British hated and persecuted. The Pangolin is a creature that is unique to India and feeds on ants that are known in nature to be industrious and hard working if not quite as fruitful as bees who flee to better climes. (PANGOLIN is an acronym for the Periyar-Ambedkar-Nehru-Gandhi-Other (alien) Religions-Communist Consensus that usurped the British Mantle and has worn it with elan to loot, plunder, and rape India since 1921 and re write History and laws to their exclusive benefit since 1947)
nibus9 jai mahishmati...😐😐😐
Suchindranath Aiyer true, root cause is democracy waiving of loans etc etc
+ Anuj Goyal In 1887 Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years prior: "A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse over loose fiscal policy, (which is) always followed by a dictatorship."
"The average age of the world's greatest civilizations from the
beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage."
The question that begs an answer -- At what stage is India now??
Reservations? Seventh Pay Commission? Pampering and protecting the corrupt? Increasing taxes AND profligacy? Increasing Deficit AND Inflation? Increasing charges on all State monopolies and quasi monopolies from fuel, to banking to everything. Increasing the number of non productive persons on Government and Quasi Government Pay and Corruption Roll?
Since the days of ancient Athens, every democracy achieves mediocrity. if, unlike "Commonwealth" countries like India, Pakistan, Kenya, South Africa, Australia, Zimbabwe, Canada, Nigeria and so on, they are not fortunate enough to be born into mediocrity or sub humanity.
"Democracy" plays to the lumpen to get the votes. It dumbs down the lumpen to retain those votes. Either through propaganda in the short term or by agnotology and corrupting education in the long term. It garners wealth into the hands of the powerful to perpetuate their own pomp, pelf, pleasure, and perpetuation at the expense of the many and builds nations weaker in intellect and moral fiber than the ruling class which then throws up the next generation of rulers of still lower intellect and moral fiber in a reflexive and downward spiral. (Justin Trudeau, Rahul Gandhi and Prince Charles are the more egregious examples).
India's most significant democratic achievement in Seventy Years has been the inability to produce a single President or Presidential candidate of Eminence and Integrity.
And so, inevitably, democracies collapse until redeemed through conquest by an authoritarian and barbaric force (such as Communism, Islam, Fascism or some other Imperial force) to commence the next journey towards appeasing the slaves, then the serfs, then subjects, and then, perhaps, citizens if they get that far into "democracy".
At the root of the problem is the unfailing corruption of all States through inequality under law and exceptions to the rule of law through lawful or unlawful (but winked at) means and the tendency of People to prey on others and betters while eliminating the principle so well enunciated in the Brahmin Prathamo Upanishad "None may be happy while any are unhappy"
There are problems of implementation and filling returns but not agreed with him totally.. Their might be initial hiccups but going farward it can be customised....5 slabs 0 to 28 % can easily be reduced to 3 but keeping grain and SUV in same tax slab cannot make a sense...tax evaders will never like it at all..
earlier customer paid tax on the cost for which tax is already paid in VAT. now it's twisted VAT and bluffing people.
take a bow sir .....thumps up
In 2023 listening to this guy, I am compelled to say only one word "moron".
Nope not the most terrible, We have Arvind Kejriwal and Mamta Banerjee
dimag khol le...u look intelligent.. they are real fighters..
Q-aim quests
Mamta Bannerjee fighter? lol
she is fighting against india using bangladeshis
even worst mr modi
Seems like this is turning out to be rather accurate.
arrival of modi govt.
sudden growth of patanjali.
free services given by reliance.
GST excluding patanjali products.
religious roits.
demonatization.
pravesh chauhan So rubbish Patannali goods pay taxes also. Religious riot.happens.before as well but no one care about hindus. Previously only Muslim victims card always play
Udom Shukul But patanjali failed quality test and religious riots have increased by 97% you can do Google search for more detail
Rahul Kumar lakra Nestle.also.failed the test. It is good.that they failed the test.so they have to.improved.
What the riots related to this topic ?
Riots not.increase anyway and mainly it always start by Muslim not.hindu
pravesh chauhan pantanjali products included sir...
I don't get 1 thing if Patanjali is growing then what's wrong in it? if Indian businessman growing what is problem? every co comes with their special product same way patanjali doing with Ayurvedic products. so where is problem?
Awesome. His extempore address will take him to new heights in the world.
thnk u modiji u hv given a wel deserved holiday to middle class men like me through ur notebandu gst acts...nice manoranjan to the whole nation.
India should have a direct debate with Mr Modi and all these people who oppose his every move whether its Demonetization or now GST. Its very important and true to our age old tradition of Shastratha. Whosoever wins the debate, we should follow them.
WHERES THE LOCATION NOT IN MAP, I WANT RETREAT FROM INDIA
He is true, Most worst thing in GST is it's number of rates and three return every month. All business People should come to gather and shout or ready to face problem. Because finance minister think that All business men are cheater.
absolutely agree with this
The more we going on innovations with out fixing problem, the more we are creating problems.
You are right
Even after 4 years, the government has no clue about GST and doing blunder after blunder... The top line empty with their portion above their neck... Unfortunate indians we are
Already it has happened in Maharashtra and Tamil Nadu where the state govt is already added their taxes on top of the gst on movie tickets.
What is wrong if a returns officer holds justice nariman's ineffective with respect to taxation?? After all the decision shall be subjected to further judicial review
A dissenting view always needs serious consideration. But, prospect of living with 30 plus VAT laws is worse than GST's problems. Perhaps the government can reduce monthly returns to quarterly returns for reducing the compliance burden.
Did Brazil has dual GST
The government has very well explained the taxation system to us. But have they explained us what the heck they are doing with the tax collected from us??? Is there really any improvement in the infrastructure, medicine, education system, even in our basic needs etc??? And what the heck is this cashless system?? What if our account is hacked??? Also has demonetisation done any good to us??? Why havent they given any account on what they have done with the black money collected??
When India will become ready...
In the present VAT, the Tax structure on a particular product differed from State to State, whereas under the GST the Tax is uniform of any particular product. There were any number of other Taxes levied b the State and Central Govts., Under the GST the uniform VAT rate and all other service taxes etc and duties have been consolidated oin the GST.
The wisdom of the GST Council comprising of all Sates and the Centre has been challenged by the personal opinion of an individual... Comparing the GST of Singapore, a city State and the GST of India which has 29 States and the Central Government...
The earlier UPA Govt at the Centre attempted but due to resistance of some State Govts, the GST could not be passed in the Parliament and the State Assemblies.
Finally, during the present NDA Govt., all State Govts (comprising of various political parties) and the Centre (NDA) managed to pass the GST Bill.
Let's see what is going to happen and CA will have much problem but it is easier to understand for me instead of having so may taxes now.
If a Government wants to raise revenue, tax the sources of wealth; not the average person with GST. Put a tax of 1 cent or 1 penny on every stock exchange transaction and watch the money flow in.
GST is still far better than our current indirect tax laws
government makes lots of money from public. Full of tax
still poor people suffer with food health .
what about the cascading effect,govt has accepted that it was a flaw,now will they give us refund for the error they committed??
I don't understnd, this guy is saying 20 lakhs limit in service tax means, more companies will be created in different names, right now 10 lakhs is the limit, only now are there more companies being registered in different names, to be honest, with 20 lakhs limit, the creation of fake companies will come down!! Actually majority of small scale industries I know, are breathing a sigh of relief, for the exemption being increased from 10L to 20L!!
True! This guy is highly polarized and trying to enforce some political agenda towards the audience.
most people earn their money from fear of other ppl. Panicking is their sports.Dont play it for ur own health and wealth
Thank you sir 🙏🏻
Thanks sir .As for as middle class people any tax is hard on us,particularly charging GST on medicine, Mediclaim is terrible.On all senior citizens in Mediclaim already the amount is very heavy charged by all insurece companies.for example Apolomunich is charged actual amount health insurance is 22,000 appreciate for my wife aged 62 years for this GST is 4500 nearabot 40 percent. And service tax and all came to rs29,585.i normally advise my family instead have a RD account keep seperate for mediclaim.this will serve ourpupose if we won't fall sick atleast this money help us.but in Mediclaim all will go to the insurance company.we all Indian people's were created and we are very helpless.
His idea about GAAR is absolutely wrong.
WHEN WILL INDIAN CITIZENS AND BUSINESSES PAY TAXES CORRECTLY AND WILLINGLY. DO YOU EXPECT INDIA TO PROGRESS WITHOUT THE PAIN OF TAXES?
OF COURSE YOU WOULD BE BETTER WITH A SINGLE COUNTRYWIDE TAX.
At 5:50 to 6:50 WTF?
True said
Anti national
Insightful
Arvind sir.. you speak well.. are you planning to join congress?.
there are so many great people worked behind this.. if what you say is right.. i am certain govt will take corrective action.
Visionary... Mr. Arvind Datar...!
GST... Such a curse...!
it's making life hell for small traders.
Nailed it......100% Nailed it......