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Before you outrage on 35% GST, please note A GoM comprising of FMs from Bengal, Karnataka, & Kerala, recommended a 35% GST on luxury goods The recommendation is not binding on the GST Council. The ultimate decision is to be taken by the GST Council and Not by FM @nsitharaman
When you excessively tax “luxury” items you often prevent the sale itself and therefore collect zero. 35% x 1 cr x 0 = 0 whereas 18% x 1 cr x 1 = 18 lakh. Consider the demand elasticity before applying high rates! That is good policy for sin goods but not for luxury consumption……
Slew of changes likely to be proposed by the GoM on GST rates; Not just “sin” goods but even “luxury” items likely to be taxed higher. Watches, clothes, shoes, bags, cosmetics in the “luxury” bracket likely to see higher GST rate. Demand for exemption on health insurance likely…
What kind of choreography is this? Have never understood how these big actors agree to do such cringe dance steps. 🤮🤮
Of course we need a rate cut and a CRR cut. But RBI alone cannot stimulate growth back to 8%. Needs a synchronised effort with govt. Need tax cuts n more sops for manufacturing & employment generating sectors - Housing, textiles, electronics, auto.
“BWSSB is taking strict action against illegal connections” The Bangalore Water Supply and Sewerage Board (BWSSB) has detected 5,645 illegal sewer connections during inspections of 40,903 properties. So far, 1,635 connections have been regularized, and ₹100 crore has been…
No wonder nobody takes Indian State seriously. Nothing beyond wordcelling.
Less government means more power to the people
The progressive era in American government must now come to an end We have met our enemy And it’s our own government
The big way to boost economic activity is by lowering tax rates and enlarge the tax kitty. It makes no sense to increase taxation on already burdened middle class and lower the economic activity. But of course the government has insights we don’t.
If this 35% GST on good shoes happens, I will boycott buying any footwear in India. I will go to Vietnam in Hawaii chappal and buy what I want. If this news is true - the finance ministry as a whole has lost the plot. Update: it looks like top end shoes will go from 18% to…
Visitors leaving Maldives will now be charged up to $480 while leaving the country Wonder how Tax Tai ji missed this amazing idea
Sarjapur - ORR Ibbalur Junction! One of the most iconic junctions on the Outer Ring Road has no functional footpath! Incessant rains are making life increasingly difficult for pedestrians. @DKShivakumar sir, when will the IT corridor get proper pedestrian infrastructure?…
If thou shall SIN by buying shoes above 15k or watch above 25k, thou shall be PUNISHED!!! Aur kamao paise....😂😂🤠
After paying 40% Income tax on their earnings, middle class people will have to pay a 35% GST to see the time on their watch or sip a Coco Cola! ⌚️🥤 She is acting like Taxation minister and not a Finance minister. #incometax #NirmalaSitharaman
What did you get in return after voting for BJP? Higher income tax Higher long term capital gains tax Higher short term capital gains tax Increased Gst Removal of indexation benefit Non stop regulatory changes in Stock market Reservation Distrubuting tax payer's money Rupee at…
One more deduction and GST tax in the lives of India's salaried class!
#NewsFlash | GoM likely to propose a new ‘special rate’ of 35% on tobacco & tobacco products, aerated beverages GoM proposes RMG worth ₹1,500 to attract 5% GST & other costing more than ₹1,500 till ₹10,000 to attract 18% Alert: RMG is Ready-Made Garment Here's more👇
They want to eradicate the middle class They want all of us to be poor so that they can promise freebies And BUY our VOTES Imagine paying 35% GST after paying 20-30% income tax - criminal!
BREAKING NEWS ON @CNBC_Awaaz Sources tell Alok P Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consider creating 35% GST Slabs Clothes, Shoes, Luxury Items may also see GST hike…
Gentle reminder: He is the biggest fraud in Indian politics.
Killing minority Hindus, burning their homes, making Hindu academics resign, destroying temples… are these signs of some leftist union? These are documented videos. These are done by extremist terrorists Islamists. You are cresting a fake narrative without substance. Look…
Your record speaks for itself. No amount of fabrication of the truth can alter or challenge your record. The world knows about propagandists like @Iyervval ! Truth will always prevail! His lies and outrageous insinuations will never be accepted. Our demands are CLEAR: 1. Reforms…
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