Entrepreneur • 1y
Definitely it's a huge amount of Gst (28%), I also think it's unethical! But why: So actually if anyone knows what do I do than it's easy to understand (I work with business all day long), So what's the relation between my work and Gst, I was working with small business owner (me as an advisor I asked how can I actually help you, as my campaign are like helping small businesses for free. I asked a question How much money does come in hand when you actually cut expenses and other things) Answer: Not that much (why: Tax/ Gst) It is a huge amount and most of the businesses/people can't afford it, even if you are make good amount of money, Still left with close nothing. Why do we actually have these many taxes, definitely we know why we have taxes, But this much. Isn't this concerning? For people us it's okay because we actually make a good amount of money, but what about the poor people? Did anyone thought about it? No, right it's just a sad truth but we should think about it?
Chartered Accountant • 1y
GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr
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