🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

TREND talks

Stealth • 1d

😠 Leave India, where they even tax your popcorn – statement from a startup founder has sparked a lot of aggressive discussions 💬 🚀 The founder, who returned to India after studying at top institutes in the U.S., set up a business employing 30 people with an average salary of ₹15 lakh. 💼 Despite securing substantial funding and growth, the founder voiced frustration with India's taxing system, especially the high GST rates on even the most basic items, like popcorn. 🍿 🥺 This statement highlights a larger issue – high taxes that burden both businesses and individuals. The founder's frustration isn't just with taxes on luxury items, but with the overall economic environment that hinders innovation and growth. 🚧 High-income Indians are particularly affected by taxes, which seem to limit their ability to grow wealth and contribute to the economy. 💰 🇮🇳 The recent debate around the GST rates on popcorn is just one example of how the tax system is seen as overly complex and sometimes unfair. This public outcry reveals deeper concerns about India's regulatory environment, which is still evolving. ⚖️ 👨‍💻 For entrepreneurs, this brings attention to the need for policy reforms that can foster a more business-friendly environment. India's growth could be accelerated if taxes were simplified and more focused on encouraging innovation, entrepreneurship, and high-paying jobs. 📈 🪨 As India continues to evolve economically, it's essential for policymakers to consider how these taxes and regulations are impacting businesses and individuals. More balanced and fair tax structures could go a long way in driving India's future success. 🚀 😢 What's your take on this matter ?

4 replies3 likes
Replies (4)

More like this

Recommendations from Medial

Image Description

Ashutosh Mishra

Stealth • 8m

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

See More
2 replies6 likes
2
Image Description
Image Description

Shubham Patel

 • 

E-Cell, IIT Bombay • 1d

Mehnat ki kamai par moti rakam maangte hue pakadi gyi 😅( Caught demanding huge amount for hard earned money) Tax -Treatment of popcorn 🍿 The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representative

See More
6 replies15 likes
2

Mahendra Lochhab

Stealth • 4m

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

See More
0 replies6 likes

PRATHAM

 • 

Medial • 5m

Petrol Should Be under GST or VAT and Excise ⁉️ Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Ex

See More
0 replies8 likes
Image Description
Image Description

Amit Kumar

Stealth • 4m

How do startup save taxes? I've heard the have tax benefits..

5 replies8 likes

Mr Z

Stealth • 7m

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

See More
0 replies7 likes
Image Description

Sanskar

Stealth • 4m

There exists a market whose value is estimated to range between 20% to 30% of India's GDP. Yes, I am talking about the Black market (it refers to illegal trade and transactions that occur mainly to Avoid taxes or to trade illegal goods.) But do you

See More
1 replies11 likes
Anonymous

Anonymous

Stealth • 4m

How to get more clients to for a tax consultantion firm? Concentrating more on GST filing, GST registration, ITR filing and other related services.

0 replies2 likes
Anonymous

Anonymous

Stealth • 7m

During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. A video of Sitharaman facing criticism from a stock market broker has gone viral.

See More
0 replies6 likes

Mr Z

Stealth • 7m

What if there was 0% GST in India?🤔 But first, what is GST?😶 It was introduced in 2017. It replaced taxes and aimed at creating a single national market. GST rates vary from 0% to 28%, depending on the product or service.

0 replies4 likes
1

Download the medial app to read full posts, comements and news.