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 !
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
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0 replies8 likes
Jaswanth Jegan
Founder-Hexpertify.c... • 10m
Any Idea on why online gambling has 28% GST? Those sectors are being killed in the name of taxes.Would You do a startup in such sectors with higher taxes?
9 replies3 likes
Vishu Bheda
Transforming vision ... • 11m
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.
Taxpayer earns ₹1 → Govt takes 31.2%.
He buys a product → Add 5 to 28% GST.
Spends on fuel → 50% tax.
Saves money → Taxed again.
But no, he’s not oppressed.
2 replies10 likes
PRATHAM
•
Medial • 10m
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
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0 replies8 likes
Jaswanth Jegan
Founder-Hexpertify.c... • 10m
What’s happening here why 28% GST on two wheelers and cements.Even drinking water has 18% 🤦♂️Now affording bikes and building homes will get expensive what Will middle class people do.Seriously I don’t know why is this happening