Suggestions for Goods and Service Tax GST

Kashmir Times. Dated: 8/3/2018 4:31:47 PM

Dear Editor,
Suggestions have been invited from members of public for reforms in structure of Goods and Service Tax (GST) which was imposed on country a year ago from 01.07.2018. Instead of patch-works of continuing amendments, total overhaul of GST system should be completely overhauled and re-written.
In a country like India, single-rate GST-structure may not be possible. But it is also not proper to have too many rates like 0, 0.25, 3, 5, 12, 18 and 28 percent with a total irrational system of cess imposed for items earlier attracting more than 28-percent in pre-GST era. Best is to have GST-rates at 10 and 30 percent abolishing even system of zero-tax. People will be much-much in advantage even paying at 10-percent GST which are presently having zero-rate GST, because they will be getting goods and services at much less GST-rate of just 10-percent largely reduced from 18-percent.
Since bills for Input-Tax-Credit (ITC) are being sold in black-market, same may be abolished at least in service and manufacture sector, thus further compensating for revenue-loss, if any, due to having common GST-rate at reduced 10-percent. Instead of imposing cess on items attracting more than 28-percent tax in pre-GST era, new GST-rates can be in multiples of 30-percent. Items with more than 28-percent in pre-GST era can be taxed in most nearing GST-rate in multiples of 30.
GST has proved to be a boon for sellers of unbranded items like confectionary and others, where shopkeepers charge GST but without issuing any invoice thus getting heavy additional profit. Centre and states should devise some mechanism whereby fear-psychology may be developed against sale without GST-invoice.
—Madhu Agrawal,
1775 Kucha Lattushah
Dariba, Chandni Chowk Delhi.

 

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