GST was a huge bargain when States gave up their rights to collect sales tax while the Centre gave up excise and service tax. Australia also shares the GST anniversary with us where the rates have been constant at 10%. Thus, a single rate in India can be a huge reform, and a matter of discussion too! But there is an urgent need for structural reforms in GST, in order to be a leading economy.
Bureaucracy continues iron fist on India – GST compensation cess is an example of another botched approach.
Huge Cess levied upon certain goods is something unjustifiable by every angle thereby, ruining the significance of GST as a taxation reform.
Every crooks shall cry and bleed. And Lutyen theorist will employ every trick under the sleeves to create distraction. But the Lutyen theorist should realize the Modi economics is set to prevail in every walk of financial governance.
Will the policy of endless patience and unwillingness to take any drastic action help tackling the grave pandemic? Or, would it snatch away all the political capital it has built up in the state over several years?
This budget respects everyone from all sections of society from farmers, marginalized people to taxpayers. Importance is also given to climate and water conservation.
Gujarat knows the pulse and soul of business and economy- Common man see Indian economy is robust under Modi Govt
The common man believes completely that India’s economy is stable, robust and growing swiftly.
People who say Modi works only for Ambani s and corporates, a point to ponder. A Man who has not benefited his own family members and has dedicated his life working 16 hours a day for past so many years for “Bharat Mata“, what urge does he have to help nobody like Amabani or Adani?