Entire design of GST is faulty

[pottipotato]

2 minutes ago, Android_Halwa said:

Stupidity would happen if it happens the other way. I understand your ideology of empowered states and a dummy Union but in a country like India, it would not be successful.

In my view, The Union should take of federal and pan India subjects including defense and monetary decisions and states should look into welfare...

as if India is wildly successful now. Its literally running on hope now.

the only reason there's not widespread revolution is because people are blinded by hindutva/nationalist nonsense. 

[Android_Halwa]

When nations switch to a new tax regime, it would take some time to understand and fix the loop holes and improve efficiency.

GST is only 4 years old, it would take another 5-10 years to figure out the side effects, fix the loop holes and implement efficiently.

When VAT was introduced, we had the same  issues and with GST, a different set of issues.

As a human being, once can estimate and analyse many things but sometimes some things can only be analysed after an experience, this is what is happening with GST. 

It would take some more time to fix...

[bhaigan]

Just now, pottipotato said:

as if India is wildly successful now. Its literally running on hope now.

the only reason there's not widespread revolution is because people are blinded by hindutva/nationalist nonsense. 

Exactly

I remember words of Subramnya Swamy saying goddess Lakshmi pic on notes would strengthen economy, stupid statement making people blind sided

[Android_Halwa]

2 minutes ago, pottipotato said:

as if India is wildly successful now. Its literally running on hope now.

the only reason there's not widespread revolution is because people are blinded by hindutva/nationalist nonsense. 

India is not hugely successful when it comes to administration but not an utter failure.

From where it started, its definitely not a failure story. You want to compare it with Singapore or western world or European counterparts, May be you shouldn't and look at the situation where we started and how the journey has been so far..

Hindutva/Nationalist non sense is not the prime reason for every trouble.

[pottipotato]

Just now, Android_Halwa said:

When nations switch to a new tax regime, it would take some time to understand and fix the loop holes and improve efficiency.

GST is only 4 years old, it would take another 5-10 years to figure out the side effects, fix the loop holes and implement efficiently.

When VAT was introduced, we had the same  issues and with GST, a different set of issues.

As a human being, once can estimate and analyse many things but sometimes some things can only be analysed after an experience, this is what is happening with GST. 

It would take some more time to fix...

GST will make the states dependent on the center, more than they like to.

VAT is technically flop, but atleast it didn't affect business like GST did. GST literally killed lots of businesses in India. especially small industries.

If India, with its varied culture shouldn't have strong states, which country do you think should have them? defense for what? 

for a tiny useless state like pakistan? or china that doesn't give a fcuk about India?

[pottipotato]

Just now, Android_Halwa said:

India is not hugely successful when it comes to administration but not an utter failure.

From where it started, its definitely not a failure story. You want to compare it with Singapore or western world or European counterparts, May be you shouldn't and look at the situation where we started and how the journey has been so far..

Hindutva/Nationalist non sense is not the prime reason for every trouble.

Hindutva/Nationalist nonsense is the prime reason for all crap in this govt. In the congress govt, I would not have blamed Hindutva.

which country do you think is a bigger failure than India, pls tell? Indonesia, south africa? name one.

[Android_Halwa]

Just now, pottipotato said:

GST will make the states dependent on the center, more than they like to.

VAT is technically flop, but atleast it didn't affect business like GST did. GST literally killed lots of businesses in India. especially small industries.

If India, with its varied culture shouldn't have strong states, which country do you think should have them? defense for what? 

for a tiny useless state like pakistan? or china that doesn't give a fcuk about India?

This is such a lame statement. It  completely shows that you are not aware of the happenings at all.

GST did not kill  small businesses. 

If a business gets closed just because they were asked to pay tax, its better they don't do business. 

In a country like India, tax collections cannot be undertaken by the states. Its more scarier...

[bhaigan]

Just now, pottipotato said:

GST will make the states dependent on the center, more than they like to.

VAT is technically flop, but atleast it didn't affect business like GST did. GST literally killed lots of businesses in India. especially small industries.

If India, with its varied culture shouldn't have strong states, which country do you think should have them? defense for what? 

for a tiny useless state like pakistan? or china that doesn't give a fcuk about India?

 

[Android_Halwa]

1 minute ago, pottipotato said:

Hindutva/Nationalist nonsense is the prime reason for all crap in this govt. In the congress govt, I would not have blamed Hindutva.

which country do you think is a bigger failure than India, pls tell? Indonesia, south africa? name one.

Every nation is different and there is no proper scale to measure success/failure.

India is hugely successful considering where it started, from hunger deaths to better meals, we have cover quite a distance although lot more to cover. 

[hyperbole]

18 minutes ago, Android_Halwa said:

In a country like India, we cannot have monetory control with the states.

States collecting tax and distributing it to central will be perfect recipe for disaster, we can witness a venezeula or zimbabwe situation in India.

For example, when ever there are elections in the state, the sitting government will completely use the tax colelcted funds to fund the welfare and strategic programs there by depleting the tax collections and will hand over empty coffins. This will be a grave situation especially for Central government to run the nation, especially defense spending other strategic improtant public spending programs. The states will try to find a legal obligation not to pay a part of the taxes for the Union...

This is nothing less than stupidity to think of empowered states to collect taxes and share it with the Unions. 

It's just not about states kaka..they supported it but our leaders and bureaucrats are clueless as fck as they didn't think through properly before rolling out. they should have done atleast in a phased manner..there are many issues.

GST is a very complex Taxation system. Neither the government nor the industry keep up with taxation changes. You know how our investments into IT systems are..pathetic . The government itself for the fear of over paying they are delaying payments until the manual audits are completed and things like that. GST also implies additional operational costs for Small businesses. In a developing country like ours, not all SMEs will be able to afford the cost of computers and accountants required to implement GST (make bills and file tax returns)

this is an excerpt from one of the new articles.

The consistent policy rollbacks and amendments, powered by the glitchy GSTN Network, have enabled massive tax evasion. The benevolent composition scheme, as well as windows for filing quarterly returns, raise concerns about the intention and execution prowess of the government at the centre. A major headache is, however, the mismatch between initial and final returns filed by taxpayers. There is an estimated mismatch of Rs 34,000 crore tax liabilities reported in GSTR-1 and GSTR-3B. The present GST structure has no mechanism for checking discrepancies found between GST Returns for July-Dec and Final Returns. About 84 % of the taxpayers were unable to correctly report revenue statements. The discrepancies and e-way bill failure demand that the GST Council now needs to take rigorous measures to tackle the menace of tax evasion through under-invoicing

 

[lovemystate]

10 minutes ago, Android_Halwa said:

India is not hugely successful when it comes to administration but not an utter failure.

From where it started, its definitely not a failure story. You want to compare it with Singapore or western world or European counterparts, May be you shouldn't and look at the situation where we started and how the journey has been so far..

Hindutva/Nationalist non sense is not the prime reason for every trouble.

It is not an utter failure ? its been 70 years there is neither social reform nor economic advancement. People still in rotten caste system. Number of cultivators actually increased. It used to take me less time to travel between SR nagar to medhdipatnam via banjarahills in early 90s than now. Pollution is choking. Traffic is a mess. Average speed of goods train peaked in 80s and it is slower now. Most trains actually run slower now than 50 years ago other than some namoona trains.

People have sharper differences now than before. 

 

[lovemystate]

23 minutes ago, Android_Halwa said:

In a country like India, we cannot have monetory control with the states.

States collecting tax and distributing it to central will be perfect recipe for disaster, we can witness a venezeula or zimbabwe situation in India.

For example, when ever there are elections in the state, the sitting government will completely use the tax colelcted funds to fund the welfare and strategic programs there by depleting the tax collections and will hand over empty coffins. This will be a grave situation especially for Central government to run the nation, especially defense spending other strategic improtant public spending programs. The states will try to find a legal obligation not to pay a part of the taxes for the Union...

This is nothing less than stupidity to think of empowered states to collect taxes and share it with the Unions. 

Em parle. Let central run on empty coffers. right now it runs negative everything from budget deficits or revenue deficts to trade deficits to air india losses to defense losses. Zero is greater than negative.

[pottipotato]

14 minutes ago, Android_Halwa said:

This is such a lame statement. It  completely shows that you are not aware of the happenings at all.

GST did not kill  small businesses. 

If a business gets closed just because they were asked to pay tax, its better they don't do business. 

In a country like India, tax collections cannot be undertaken by the states. Its more scarier...

dude, so you don't know sh1t about what's happening on the ground.

business filing for GST returns have not got it, for more than an year. that about 15% of their capital locked in, in businesses where their margin is hardly 5-7%

The problem is not paying tax. but the GST has created a system where they couldn't even get their money back.

[lovemystate]

comparing venezuela with india. Do people know anything about venezuela? they have egalatarian christian culture. last time when they measured their gdp "Per capita GDP for 2016 was estimated to be US$15,100, ranking 109th in the world". And india per capita is 2500 something now in 2020. Their cities are hundred times cleaner, with better air, better car ownership. The youth date freely and party freely not like us looking at castes and nonsense.

[pottipotato]

14 minutes ago, hyperbole said:

It's just not about states kaka..they supported it but our leaders and bureaucrats are clueless as fck as they didn't think through properly before rolling out. they should have done atleast in a phased manner..there are many issues.

GST is a very complex Taxation system. Neither the government nor the industry keep up with taxation changes. You know how our investments into IT systems are..pathetic . The government itself for the fear of over paying they are delaying payments until the manual audits are completed and things like that. GST also implies additional operational costs for Small businesses. In a developing country like ours, not all SMEs will be able to afford the cost of computers and accountants required to implement GST (make bills and file tax returns)

this is an excerpt from one of the new articles.

The consistent policy rollbacks and amendments, powered by the glitchy GSTN Network, have enabled massive tax evasion. The benevolent composition scheme, as well as windows for filing quarterly returns, raise concerns about the intention and execution prowess of the government at the centre. A major headache is, however, the mismatch between initial and final returns filed by taxpayers. There is an estimated mismatch of Rs 34,000 crore tax liabilities reported in GSTR-1 and GSTR-3B. The present GST structure has no mechanism for checking discrepancies found between GST Returns for July-Dec and Final Returns. About 84 % of the taxpayers were unable to correctly report revenue statements. The discrepancies and e-way bill failure demand that the GST Council now needs to take rigorous measures to tackle the menace of tax evasion through under-invoicing

 

you are still talking from the perspective of govt. These tax evasion is done by industries that exist across borders. most small businesses are fcuked because of GST.