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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

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

"GST to be charged on petrol but it can happen only if states agree to put them under GST" FM Nirmala Sitharama

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.

Petrol analysis: Pricing Patterns: Petrol varies from ₹82.46 (Andaman) to ₹109.46 (Andhra), driven by state VAT, not crude ($60/barrel). Taxes (50-60% of price) dominate. Consumer Behavior: High prices in Andhra/Kerala suggest reduced travel, boost

AC is Necessity in Dubai But Luxury in India Both Cities Have Similar Heatwaves in May & June Dubai Takes 5% VAT on AC and 0 Income Tax India Charges 28% GST on AC For No Reason

For a 1 crore income, A farmer pays zero taxes. A street vendor pays zero taxes. A corporate pays 25L on profits. A salaried employee pays 31L tax on income. When will everyone pay their fair share of taxes? any ideas how can it be fixed?

Taxes on IPL tournaments: ZERO % Taxes on Research & Development: 18 % Tax on IPL tickets for common people 18% + GST 28% + Entertainment Tax Shows the messed-up priorities in this country !