Modi vows to cut corp tax, roll out GST, shun retro taxation



One Reply to “Modi vows to cut corp tax, roll out GST, shun retro taxation”

  1. Sanjeev Jain says:

    Dear Sir , How Serious is Govt of India (Honourable PM Mr Modi Govt – Modi Sarkar) about implementing GST ? still Await the reply on last Email ? If likely to reform 3 types of GST Like CGST (Central GST), SGST (State) & IGST (Inter state GST) How it would Set off with each other ? & How will India become Seamless Business Network Domestically with so many GST ? how will India become business friendly. How many Dept & local bodies one has to satisfy. Which also adds Cost to the Business, Organisation & Govt too. if Dual Triple GST is introduce how it is becoming Single Indirect Tax structure ? How GST purpose getting meet ? Without this Transparency how will Make in India succeed ? Why it can’t be All india Single GST for which information Technology make a structure of Goods & Services Tax automatically share of Tax Collected goes to State & centre as per the Ratio Agreed ? By filing Single Monthly / Quarterly returns as per the Tax Slab ? Govt will also have full scope to widen the Tax , Example Such as Govt Public Services Indian Railway should also collect 1 % for General Sleeper 3 Tier Class & 2% for Tier ii & First class imagine how much Indirect Tax will get collected ? Same way Taxis , Buses , Metro , Park , food Restaurant , on Highway Tolls, Airlines again Diff 1% on Economy & 2% on Business class. Even 1 % to Auto Rickshaws if govt decides to collect 1 % on basic services & 2 % on higher class services imagine how much Tax in india would collect in that case money will flow in like any thing & RBI will have surplus money to lend the money at 6 to 9% P.A. to the consumers to grow there business with reduce Interest Burden? & inflation & cost would come down automatically. Think Simple Think Big.

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