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GST Thread


surajmal

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First step is to get under "single" tax regime. Refinements will come in due time (as the cliche goes - Perfect is the enemy of good).

Getting all the states to agree to a single framework has itself been a challenge considering the adversarial relationship of BJP vs others (and here I think Jaitely has played an essential role). Once BJP has Rajya Sabha in control, they will look to pass improvements (like having a single rate instead of 4 separate rates).  

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GST tax rates are no less than jokes.

 

Two wheelers at 28%

Sanitary pads 12%

GOI still thinks a person buying a two wheeler is luxury and he should be taxed as much as a buyer of mid segment car which costs 8-10 lakhs rupees

 

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19 hours ago, Singh bling said:

GST tax rates are no less than jokes.

 

Two wheelers at 28%

Sanitary pads 12%

GOI still thinks a person buying a two wheeler is luxury and he should be taxed as much as a buyer of mid segment car which costs 8-10 lakhs rupees

 

Sent from my Moto G (4) using Tapatalk

 

 

30 to 28 is an increase ? You are posting now like congress media.

 

As far as prices of bikes and scooters are concerned they will witness a minimum fall of Rs 1,000 going up to Rs 5,000. All two-wheelers with engines of less than 350cc will see the reduction of 2.2 percent. However, those with engines bigger than that will see a price rise of 0.8 percent or a minimum of Rs 1,000.

https://www.google.com/amp/www.moneycontrol.com/news/business/gst-impact-full-list-of-cars-bikes-that-will-become-cheaper-from-tomorrow-2315333.html/amp

Edited by gattaca
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30 to 28 is an increase ? You are posting now like congress media.

 

As far as prices of bikes and scooters are concerned they will witness a minimum fall of Rs 1,000 going up to Rs 5,000. All two-wheelers with engines of less than 350cc will see the reduction of 2.2 percent. However, those with engines bigger than that will see a price rise of 0.8 percent or a minimum of Rs 1,000.

https://www.google.com/amp/www.moneycontrol.com/news/business/gst-impact-full-list-of-cars-bikes-that-will-become-cheaper-from-tomorrow-2315333.html/amp

Where did I say increase, I am just saying that 28% bracket was meant for luxury items , putting home appliaces two wheelers in that bracket just show mindset of Government.A lower middle class household in India have two wheelers and refrigerators .Taxing them as luxury items is not justified.

 

 

 

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People are bitching for the sake of it regarding tax slabs. 

Watch the discussion above to realize how important it is to get under under a single system. 

There will be teething problems. Otherwise, government seems to have learnt from troubles of GST introduction in other countries.

 

Also one positive of being a developing country is India can skip straight to next gen systems due to IT(as being observed in digital payments). 

 

As an aside:

Madhya Pradesh is going to see a Warehousing boom. 

Edited by surajmal
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Cellphones at 12%, headphones at 18% and chargers at 28% doesn't make sense. I guess a lot of such tinkering needs to be done. Earlier we have VAT and service tax at about 14.5 + 6%, now we have only GST at 18% for some luxury restaurants, so it should all even out for people crying out that restaurants will cost more now.

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Which government's mindset? The tax rates are fixed by GST council where union government has one third of the vote with the rest in the hands of state governments. To fix a rate it has to be passed with 3/4th of the total number of votes.

 

 

 

But don't let me interrupt you, keep the bullshit coming.

 

 

 

Lol Modi supporters now defending GST

 

As if GST is brainchild of Modi and BJP , and congress left etc were responsible for not its implementation.Go and watch video of Modi where he is criticising GST

 

 

And btw center and most of states are ruled by bjp , so don't tell me that rates are not decided by BJP.

 

 

And I am not against gst I am against just putting essential things in 28% bracket.If you really think that a person purchasing a ceiling fan need to pay 28%. GST because fan is luxury then there is no point of discussion.

 

 

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Raman Singh needs a dressing down from Namo.

On the other hand, Karnataka and Kerala have started (kerala already had these) physical verification posts. Good luck to non-BJP states' residents. 

NaMo needs support from his own State Govts. For the success of GST. And CMs like Raman Singh letting him down. Apparently centre is aware of the scam. Gadkari even mentioned about it in a media conclave.

 

Both MP & C'Garh are becoming troublesome for BJP.

 

One farmer atleast committing suicide in MP on a daily basis. Not sure what Shivraj is doing.

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Kashmir will erupt if the government goes ahead with implementation of Goods and Services Tax (GST) which would “erode” the state’s special position, J&K Coordination Committee (J&KCC), an umbrella organization of trade bodies and civil society formations, warned the PDP-BJP coalition on Monday. Deciding to come up with a protest program against the GST implementation, the Committee, to begin with, announced a sit-in outside the Assembly on Tuesday when the House is being re-convened to debate implementation of the controversial tax regime.  The Committee has asked all businessmen and traders to hoist black flags outside their establishments from Tuesday as a mark of protest against the GST.

“We warn the government and the legislators against any attempt to introduce or pass any order or a piece of legislation to extend the 101st Amendment Act of the Constitution of India to the State in its original or extended form,” Siraj Ahmad, convener of J&KCC told a press conference here. He was flanked by former judge, Justice (retd.) Hasnain Masoodi and former chairman Kashmir Chamber of Commerce and Industry, Mubeen Shah.

He said Tuesday’s sit-in is aimed at building pressure on the government and the legislators to support “our views and thoughts” on the GST.

Shah said all the Amendments in the Constitution of India since 1954 have been extended to J&K by “deceit” and now the government is trying to justify extension of another Amendment to further “erode” the state’s special position.

“We are warning the government against attempting to erode our special position, else the entire population will rise against it,” said Shah. “They are doing it (extending the Amendment Act) by deceit again today. The government and legislators will be responsible for this deceit.” 

He said people would come out on roads if the state’s autonomy is “put at stake”.

“Nobody including businessmen and traders will compromise the state’s autonomy for small gains,” Shah said.

According to J&KCC, the GST was against the “spirit” of the state autonomy and would erode its financial powers to pursue its own fiscal as well as public expenditure policies.

The state government finds itself in a tight spot as the Opposition and trade bodies have opposed the GST, saying it would result in handing over the state’s powers to collect taxes to the Government of India and erosion in state’s special position. At the center of the controversy is the 101st Constitutional Amendment Act that aims at economic integration of states with Union of India and empowers New Delhi to wrest control over collection of taxes on goods and service in the states.

While the state government has been reiterating that it would ensure all constitutional safeguards while allowing extension of the 101st Amendment Act to the state that would allow GST application, it has however failed to explain how it would do so. Several government initiatives like calling an all-party meeting, setting up a Consultative Group and convening a special session of the Assembly have failed to build any political consensus on the matter.

“The government’s assertions that it will safeguard state’s fiscal autonomy and Article 370 are only to hoodwink people,” J&KCC said in a statement, asking the government to explain how it unilaterally started the process of registration of traders under GST regime even before any such Act had been implemented by the state.

While out-rightly rejecting extension of 101st Amendment Act to the State, the Committee asked the government to come up with its own legislation on the tax law that may synchronize with the law passed by the government of India.

Masoodi said the State can follow Canada-model to have its own GST. “Why isn’t 101st amendment directly applicable to J&K? This question in itself tells us that our state has special privileges which must continue,” he said, asking the state government to come up with its own law.

He said once 101st Amendment Act is implemented in the state, the state government wouldn’t be in any position to ask for any safeguards. “Its (the government’s) assertions that they will ensure safeguards are factually wrong,” said Masoodi. “Any safeguards can be ensured before extension of the 101st Amendment Act.”

He said there was nobody opposing tax reforms but it must not be at the cost of special constitutional position of the state.

Noted economist Prof Nisar Ali said so far state government hasn’t done any exercise to persuade New Delhi to bring changes in the 101st Amendment Act which will force the government to surrender the powers to collect tax under section 5 of J&K Constitution unlike other states which draw the power from constitution of India.

The Committee also blamed the government for putting on work the state machinery to “malign image and credibility” of leaders and activists. 

 

Quote

GST Row: Assembly session to begin today, FM to move resolution on 101st Amendment Act

Opposition says PDP taking Legislative route to deceive people, shift blame on all parties

With the ‘special’ session of the Jammu and Kashmir Assembly on implementing Goods and Services Tax regime beginning here on Tuesday, the Government is set to move a resolution in the House on adoption of the controversial tax law by applying the Constitution (101st) Amendment Act to the State in a “modified form.”

“This House resolves that the Government of Jammu and Kashmir may give consent to the adoption of GST regime by application of relevant amendments made to the Constitution of India in a modified form to safeguard the existing constitutional position of J&K in the Union of India and the legislative powers under the Constitution of J&K,” the resolution, to be moved by Finance Minister Haseeb Drabu, reads.

 

Opposition parties, separatists and Kashmiri businessmen have been opposing the GST, saying it infringes on J&K’s residual political autonomy and its special powers to legislate on financial matters.

On June 17, the Government had adjourned the House sine-dine but decided to not prorogue, or formally end, the session to keep the doors open for re-convening it to facilitate implementation of the tax law in the state. The Government had also constituted an all-party committee (APC) last month to evolve consensus over the tax law but it failed to narrow divergences among the political parties despite meeting twice under the chairmanship of PDP MP Muzaffar Hussain Baig.

Legally speaking, the PDP-BJP has numbers to adopt the resolution with their total strength in the 89-member House summing up to 58 members.

 

Among the ruling coalition’s 58 lawmakers, PDP has 29 MLAs, BJP 26 and Peoples Conference two. The independent candidate from Zanskar Baqir Rizvi is also supporting the ruling coalition.

“A simple majority in required to adopt any resolution in the House,” former Secretary General of Legislative Assembly Muhammad Ramzan told Greater Kashmir.

According to legal experts, the Cabinet concurrence is the only route for extending any amendment made in the Constitution of India to J&K.

Under clause (1) of Article 370 of the Constitution of India, the concurrence of the Government of the State of Jammu and Kashmir is required to apply any part of the Constitution of India to J&K.

Sources told Greater Kashmir that state cabinet is likely to give its concurrence for application of the Constitution (101st) Amendment Act to J&K, on Wednesday.

“The Assembly is likely to adopt the resolution on Tuesday or Wednesday,” they said.

Meanwhile, the Opposition said the PDP is taking the legislative route to deceive the people and shift the blame of extending the Constitution (101st) Amendment Act 2016, on all the parties.

PDP is playing smart. It has decided to take the legislative route to shift the responsibility of extending the Constitution (101st) Amendment Act on all parties of the State. They know they are eroding state’s special position but want to give legitimacy to their act,” J&K Congress president Ghulam Ahmad Mir said.

He asked the coalition government to spell out what constitutional safeguards are being taken to protect the state’s special position.

On the other hand, National Conference spokesman Junaid Azam Mattu said the PDP-BJP is “being deceptive” by taking the legislative route to “validate its pre-mediated decision” to extend the Constitutional Amendment 101 to the State through a cabinet order that recommends extension of the amendment through the Presidential order.

Interestingly, it would be after a gap of 29 years that J&K will give its concurrence to extension of any amendment made in the Constitution of India to J&K. Post-1977, the State Government has given its concurrence only to two amendments related to parliamentary polls.

Post-2010, there has been demand for extending the 73rd and 74th amendments and the Article 16(4A) from some quarters but successive  governments have turned down them. The State Governments have been averse to extending any part of the Constitution of India to Jammu and Kashmir as “their application gifts law-making powers of state Assembly to the Parliament and have weakened State’s special position in the past.”

Something not discussed in media about GST. Source a Kashmiri newspaper website. I dont want to put here.

If true, allong with that 258 kill list, BJP -PDP alliance isnt that bad

Edited by mishra
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On July 2, 2017 at 0:01 PM, sarchasm said:

Which government's mindset? The tax rates are fixed by GST council where union government has one third of the vote with the rest in the hands of state governments. To fix a rate it has to be passed with 3/4th of the total number of votes.

 

But don't let me interrupt you, keep the bullshit coming.

paaji lost a lot of money during demonetization. this is the only way to vent. 

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22 hours ago, Singh bling said:

video of Modi where he is criticising GST

Was that from when he was CM of Guj? If it was, then it makes sense, because manufacturing states are supposed to be initially hurt by GST. 

 

22 hours ago, Singh bling said:

As if GST is brainchild of Modi and BJP , and congress left etc were responsible for not its implementation.

Brainchild is too big a word, as GST is hardly a revolutionary idea. A country being a single market is a common sense idea, not a revolutionary idea. Almost every country had enough brains to realize this, except it took India over 70 years to get it done. :rofl:

 

The project was started under NDA 1, and the INC had over 50 years to, including over 30 years of uninterrupted, unopposed rule after independence to get this done, yet it was only NDA 1 who thought of it, and NDA 2 which implemented it. There is no way anyone other than NDA gets credit for this.  

 

Again, this isn't some brilliant move that could only be come up with by a "genius" like Jaitley. This was such a basic, common sense reform, something anyone with a basic competence in economics could've told India to implement, that it is a damning condemnation of previous governments. 

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12 hours ago, asterix said:

NaMo needs support from his own State Govts. For the success of GST. And CMs like Raman Singh letting him down. Apparently centre is aware of the scam. Gadkari even mentioned about it in a media conclave.

 

Both MP & C'Garh are becoming troublesome for BJP.

 

One farmer atleast committing suicide in MP on a daily basis. Not sure what Shivraj is doing.

One big problem with the GST in its current form is that council has left room for states to apply city levies. So, many states may cover their hafta wasooli shortfall under that garb. 

 

I think Centre is going to wait to fix some of these glaring issues until the new tax regime has stabilized. Probably 2019 budget is when you will see reduction in tax slabs as well introduction of petroleum and real estate into GST. 

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