What will the tax rates on poly products that poly film / polyethylene pellets or likely materials?
Thanks Namita, it will be useful to understand that, how effect GST industries wise.
Dear Ms Namita,
Thanks for sharing such a simple and clear explanation for GST. It is so helpful for even a common man who cant understand many of the common financial policies of the government. Thanks a lot..!!
The telecom industry and banking and financial services are more often basic things of common non-rich people, increase in taxes will effect their monthly budget, government needs to rethink about It.
Also the increase of taxes in telecom and banking sector will de-promo the development of this country, and break the dream of techno India, developed India, advanced india
The chart of industries wise impact, shows that this GST is made to lighten the taxes on the rich people, and burden the rest with higher taxes. Automobile, FMCG and airlines are more often for reach people.
None knows where we will end up by GST as it is no longer caped at 18% taxes only. taxes might surge. none knows as taxes are the manna of all states so too the central govt.
so indeed GST is an unknown path.
we have so many subramanyam swamys in ur system as political economists, who are looking for shot=rt time work , not knowing the Nation j=has to sustain centuries. that is a pity like that is our GST is, all about, for that act will open pandora box of problems with every state and union of india; we know how globalization is shrinking today after Brtexit ...so many follow in very Europe itself, but we pin hope nevertheless, what do you call that kind of indian mindset which once was called indians are glorious men of wisdom but today?
problem is we suffer from ailment called 'reform' not knowing the price, so RBI governor Rajan said financial stability is a must for any nation that is more important than 'reforms'.. a unknown territory none knows in what direction it could move.
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