velu Posted August 3, 2016 Posted August 3, 2016 had to google .. southern states , gujarat and maharastra are the losers .. sick northern states and sicker banga are the big gainers..
Mariyam Posted August 3, 2016 Author Posted August 3, 2016 21 minutes ago, Malcolm Merlyn said: Kya mohatarma? The GST bill has been passed in the RS. Who gains? How does is it make our lives any different? As a manufacturer what difference does it make to me (my CA said something about no more taxation of tax, which I didn't follow ? Why the brouhaha?
Malcolm Merlyn Posted August 3, 2016 Posted August 3, 2016 3 hours ago, Mariyam said: The GST bill has been passed in the RS. Who gains? How does is it make our lives any different? As a manufacturer what difference does it make to me (my CA said something about no more taxation of tax, which I didn't follow ? Why the brouhaha? Lawyers are manufacturer?What do you manufacture?Excuses?
randomGuy Posted August 4, 2016 Posted August 4, 2016 5 hours ago, Mariyam said: The GST bill has been passed in the RS. Who gains? How does is it make our lives any different? As a manufacturer what difference does it make to me (my CA said something about no more taxation of tax, which I didn't follow ? Why the brouhaha? No more cascading of taxes. nicely explained - https://www.quora.com/How-will-the-goods-and-services-tax-GST-work-in-India-How-is-it-any-different-than-the-value-added-tax-VAT Suppose u bought raw material at 50/-. The manufacturer would have paid18% i.e. 9/- GST. Now, u do some value-addition and sell the finished goods for 100/- . 18% of 100 is 18/- . But 9/- waa already paid by the manufacturer. So u will only have to 18-9= 9/-. It subsumes 17 taxes which is a grt simplification n big boost for businesses n increasing tax net also. Mariyam 1
randomGuy Posted August 4, 2016 Posted August 4, 2016 2 hours ago, velu said: wat about swach bharat tax and kisna vikas tax ? my guess is both will be subsumed however i am not sure.
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