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.
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
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.
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.
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.
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.
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.
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.
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?!!
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.
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.
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.
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......
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..
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.
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.
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.
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 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....
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.
Suchindranath Aiyer .you free to vote for a 45 year old kid who the sycophants say give him some more time to evolve
7 лет назад
True... GST doesn't concerned with Geographic conditions in India... Consumers should buy through OEMs and not through dealers at all... also many goods will be sold in plains and not in hill regions... example traders wont sell items in Thirumala and SabariMala and Pampa or in Badrinath and Kedarnath... rather sell items in Tirupathi plains, or in Pattanampitta or in Haridwar respectively...
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
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.
I do agree with Dattar. in a country where the infrastructure in data management is in a primitive stage and even the submission of vat reports are difficult the introduction of GSTwill meet its own fate. the poor business men will lose their business and will get succumbed to the giant foreign multinational business houses who exploit the indian business men by charging more than 20% as commission. for just procuring orders without knowing such facts Indians get themselves cheated with exorbitant rate for their own Indian products.
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.
What you said is right that total number of e-filing returns and TDS filing will increase. But, how many are paying taxes, how many are coming forward to pay. Leave this topic. What people do is they don't/never show they earnings and pay taxes. At the end of every year, they say that they didn't had any profits and they don't have to pay any taxes. Now, lets say they have to show and file your taxes, now if anyone is caught or interrogated they will get complete track of the business. Presenter is worried about number of e-filings. What might be the problem for presenter is people might have to show all earnings and file returns and TDS continuously, that people are not interested to save BM.
nice speech...but its just one point of view of talk... the present tax system couldn't successfully implement bcoz of diversity.. that's why GST is better option..
in India paying tax will always be an issue. Tax is the basic earning for the government to rule, maintain a country. How much and how to tax will always be discussed as different perceptions play a role. There will be difference of opinion between government and others.
GST will make pockets of common man dearer, I am afraid not all business are ready for GST yet. I am totally against different rates, this will create chaos.
some people deliberately don't want to change the inefficient and combursome tax system and they also don't have such enegry to understand the difference. some people are not made for change. That's why they make objection.
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
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.
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.
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.
A person who is comparing India with Singapore should not be listened to in the first place. Secondly, being a lawyer representing big firms and cashing in on big fat paychecks fighting for cases for them, Mr Aravind Datar is placed correctly and his statements make complete sense. Thirdly Any person who justifies the logic that GST should be a single tax system and justifies that the merc/bmw cars should be taxed in the same rate as the bread and butter is as wrong as it gets; and he is doing only so because he is earning crores and crores of rupees and he is justifying in other way to have "proportional taxation in India". Fourthly: About plugging the loopholes in the taxation system, he wants that the loopholes should exist as is and The govt should not plug the loopholes once they are discovered by the IT officers. Any person who justifying this logic is basically earning the money because of these loopholes. All the systems around the world have loopholes and governments just catches up on that, so that the government does not lose out on revenue after discovering such holes. If we go by his understanding the FDI in India should be decreasing, but to all our disbelief it is increasing year after year. He has won cases in Supreme Court ('good for him'), but how he does not say that the big companies who have hired him as the tax lawyer are basically earning huge amounts from India, and they are not willing to pay the taxes due to these companies. If it was upto Mr Datar, and his logic he would not tax the companies at all. After all his is just doing his job as a tax lawyer of big companies. ( Apne namak ka karz ada kar rahe hain Mr Datar).
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.
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??
Dear Sir , ours is Democratic country with 29 states having different revenue model and different party. We cannot JUMP to GST like Singapore instantly .change has to happen in steps . Yes we have SGST/IGST/CGST/UGST ---till 2019 and will move to only one ITX ( Indian Tax simillar to GST in 2020 with 20% tax ) , by that time all currency notes above 100 will vanish. There will be 27000 GST filing centers all over Indian , Today one AAdhar , multiple PAN cards and multiple Businesses ...These are the people who are opposing GST , just like kejriwal , mamata opposing demonetization...which WB applauded more than 3 occasion. i congratulate Datar for speaking negative vemon in Positive way !
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
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.
Real and true Lawyer. Can advocare any opinion for money.
Any lay man can understand,the concepts are simplified ,what an effective presentation.thank you sir
A very presentation of facts. This is not how GST works.
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.
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
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.
Omg finally some reason after hearing all the propaganda. Thank you so much for uploading. This is logical and reason centric talk.
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.
superb. a good simple explanation. thanks sir.
Very right the problem is not the law but implementation. The soil is not ready, I totally agree being a small manufacturer.
he has good insight into economic system...well appriciated..
he must be given more then 20mints of speech
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.
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.
I like this guy very good speaker,knowledgable
absolutely right and right path
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.
well said, Mr.Aravind datar
Totally agree with Mr. Datar
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.
A good talk. FM Jaitley is complicating everything. A very unfit man. He is going to make the life of every citizen miserable.
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?!!
Great Information.
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.
absolutely agree with this
You are right sir , we also feel that this indirect tax reform is anything but GST.
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.
take a bow sir .....thumps up
what a nice explaination .....
What he says came true today, Most of the small and medium business vanished
You are right
I agree with you Sir. It's just a saur candy sugar coated. it's just a waste of public money.
So much sense
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.
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......
Thank you sir 🙏🏻
Terrific stuff !!!
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.
True said
Anti national
words say "make in India" reality is "quit India" spot on!! The only thing hindering this countrys progress is its gov itself
After demonetization , GST is again going to a big mess
Dont vote b.j.p
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..
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.
The facts explained, bitter to absorb but are facts, I love these facts as "Facts influence me rather than expert opinion"
Very nice explanation
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.
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.
Yah i agree with datar sir This GST was killed our small and medium scale industries....this situation are very horrible..for our economy
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.
super 👏👏👏
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.
Visionary... Mr. Arvind Datar...!
GST... Such a curse...!
Seems like this is turning out to be rather accurate.
Nailed it......100% Nailed it......
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....
Insightful
Aravind data a honest man
When India will become ready...
The more we going on innovations with out fixing problem, the more we are creating problems.
Awesome. His extempore address will take him to new heights in the world.
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
True... GST doesn't concerned with Geographic conditions in India... Consumers should buy through OEMs and not through dealers at all... also many goods will be sold in plains and not in hill regions... example traders wont sell items in Thirumala and SabariMala and Pampa or in Badrinath and Kedarnath... rather sell items in Tirupathi plains, or in Pattanampitta or in Haridwar respectively...
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
why our finance minister is not understanding the complexity of gst. why... why
He is great expert on indirect taxes
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.
I do agree with Dattar. in a country where the infrastructure in data management is in a primitive stage and even the submission of vat reports are difficult the introduction of GSTwill meet its own fate. the poor business men will lose their business and will get succumbed to the giant foreign multinational business houses who exploit the indian business men by charging more than 20% as commission. for just procuring orders without knowing such facts Indians get themselves cheated with exorbitant rate for their own Indian products.
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.
What you said is right that total number of e-filing returns and TDS filing will increase. But, how many are paying taxes, how many are coming forward to pay. Leave this topic.
What people do is they don't/never show they earnings and pay taxes. At the end of every year, they say that they didn't had any profits and they don't have to pay any taxes. Now, lets say they have to show and file your taxes, now if anyone is caught or interrogated they will get complete track of the business.
Presenter is worried about number of e-filings. What might be the problem for presenter is people might have to show all earnings and file returns and TDS continuously, that people are not interested to save BM.
nice speech...but its just one point of view of talk... the present tax system couldn't successfully implement bcoz of diversity.. that's why GST is better option..
Thanks Modiji for making simple one tax instead of 17 types of taxes.
What you want to say now? Are you happy right now?
in India paying tax will always be an issue. Tax is the basic earning for the government to rule, maintain a country. How much and how to tax will always be discussed as different perceptions play a role. There will be difference of opinion between government and others.
GST will make pockets of common man dearer, I am afraid not all business are ready for GST yet. I am totally against different rates, this will create chaos.
wel sade sir god bless india
some people deliberately don't want to change the inefficient and combursome tax system and they also don't have such enegry to understand the difference. some people are not made for change. That's why they make objection.
superbbb
earlier customer paid tax on the cost for which tax is already paid in VAT. now it's twisted VAT and bluffing people.
13:38 unnecessary judicial activism in India is a problem not the other way round.
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
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
i just want to say that change is always good
I solemnly accept. This person is Agent of parallel economic
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
Mr datar is absolutely right
Swarup Ghosh
m
Swarup Ghosh no he's biased
oh god no !!!
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.
most people earn their money from fear of other ppl. Panicking is their sports.Dont play it for ur own health and wealth
Big mess in the offings.
wow!!! he said logical thing!!!
A person who is comparing India with Singapore should not be listened to in the first place.
Secondly, being a lawyer representing big firms and cashing in on big fat paychecks fighting for cases for them, Mr Aravind Datar is placed correctly and his statements make complete sense.
Thirdly Any person who justifies the logic that GST should be a single tax system and justifies that the merc/bmw cars should be taxed in the same rate as the bread and butter is as wrong as it gets; and he is doing only so because he is earning crores and crores of rupees and he is justifying in other way to have "proportional taxation in India".
Fourthly: About plugging the loopholes in the taxation system, he wants that the loopholes should exist as is and The govt should not plug the loopholes once they are discovered by the IT officers. Any person who justifying this logic is basically earning the money because of these loopholes. All the systems around the world have loopholes and governments just catches up on that, so that the government does not lose out on revenue after discovering such holes.
If we go by his understanding the FDI in India should be decreasing, but to all our disbelief it is increasing year after year.
He has won cases in Supreme Court ('good for him'), but how he does not say that the big companies who have hired him as the tax lawyer are basically earning huge amounts from India, and they are not willing to pay the taxes due to these companies. If it was upto Mr Datar, and his logic he would not tax the companies at all. After all his is just doing his job as a tax lawyer of big companies. ( Apne namak ka karz ada kar rahe hain Mr Datar).
Mercedes/BMW/ Audi should be cheaper & daily things would be costly if flat rate GST is applied as he says ... then middle class will only suffer.
The kind of gst he wants govt to to implement will require huuuge majority in both the house, thats impossible in current political scenario
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?
Sir you said it.....
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??
i wish he also gives some suggestion to make taxation more simpler
government makes lots of money from public. Full of tax
still poor people suffer with food health .
yes you are right, it will lead to tax evasion.
Dear Sir ,
ours is Democratic country with 29 states having different revenue model and different party. We cannot JUMP to GST like Singapore instantly .change has to happen in steps .
Yes we have SGST/IGST/CGST/UGST ---till 2019 and will move to only one ITX ( Indian Tax simillar to GST in 2020 with 20% tax ) , by that time all currency notes above 100 will vanish.
There will be 27000 GST filing centers all over Indian , Today one AAdhar , multiple PAN cards and multiple Businesses ...These are the people who are opposing GST , just like kejriwal , mamata opposing demonetization...which WB applauded more than 3 occasion.
i congratulate Datar for speaking negative vemon in Positive way !
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