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  #31  
Old 7th July 2017
Amitwithhotwife.83 Amitwithhotwife.83 is offline
 
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Originally Posted by maridegu View Post
u associated acumen with semen!, You truly have a sharp tongue.... Harsh, but true...

Amith is right.
GST is not what Modi claims it is. It is good first step for Today. It needs more tinkering. We'll need to applaud Modi for getting to this point.

Next steps are to cut down babudom & compliance costs.
Worry about Modi is he's not cutting down Govt role, but increasing it.

When you had a clerk sitting at Delhi ordering how many scooters Bajaj has to produce, We had black market, Black money, Tax Avoidance, low-quality Goods & Black Economy.

When Bajaj, Nokia, Micromax, can all produce goods as much as there's Demand, there will be less of black market, Black money, Tax Avoidance, low-quality Goods & Black Economy.

GST is increasing the number of forms & processes.
Many stuff are yet to be decided.
When Tax structure is unclear, Technology can't help much.

Case of blinding your eyes & going for treasure hunt.

There's scope for amendments...
By the way 28% is a huge figure worthy of being stolen and tax evaded. The higher the tax will be .. more fruitful will be the risk to evade it.

A local production house manufacturers a product for 1 lac. Before it was taxed only 13.5% out of which 6% was excise which was not refunded (not everone has liscence for that) and only remaining was sole tax to state. Now its 28% .. that means 28000 for every 1 lac. More beneficial to evade tax .. pay thick bribe and still be at highest profit.

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  #32  
Old 7th July 2017
maridegu maridegu is offline
 
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Absolutely. Aadhaar is being pushed to just to avoid this incentive to skip GST.
What a wicked sense of humour, Rake up taxes to spend & splurge to bring back Nehruvian Policies....

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Old 7th July 2017
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Old 7th July 2017
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..Police team will always be there at all city limits and state borders to look for people who are still fighting in the name of a schizophrenic and his book who died 1400 years ago...Security is required for these dumbheads!!!

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Old 8th July 2017
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now my GF is threatening to charge me GST for BJs.

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Old 8th July 2017
Amitwithhotwife.83 Amitwithhotwife.83 is offline
 
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Originally Posted by bangali_babu View Post
now my GF is threatening to charge me GST for BJs.
Tell her people with turnover less than 75 lacs per year can opt for composition scheme (which is useless btw) but will save u from GST.

SHE NEEDS to give you BJs over the worth of 75lacs in a year to be eligible to collect GST!

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