News Get Ready To Pay More- Luxury tax and Krishi kalyan
- Thread starter Technoglitch
- Start date
scorpionking76
EntMnt Knight
The amount generated from GST will be distributed between Center and State.
scorpionking76
EntMnt Knight
How sure are you? Then you don't know taxation policy in India
yes bro. i do not know anything, its only u who knows everything.
FYI double taxation is not applicable in india.
forget about india, could u pls tell me any emerging market or developed economy which follows double taxation policy.
isse kam lootenge aur desh ka bhi vikaas hoga.
different taxes on a particular commodity for every states will be eliiminated.
scorpionking76
EntMnt Knight
You yourself answered now and you are saying there is no double taxation in india? Kya yaar....
We are still in the era of Britishers in double taxation.
bhaskarkilli
Core Member
Now this krishi Kalyan tax is applicable from 1 st june.bjp govt will break the record in putting taxes on us. Hiking petrol and taxes are gifts of BJP 2nd anniversary. Enjoy. Paap kiyatho bhukath naa padega.
scorpionking76
EntMnt Knight
From today the service tax rate is 15%
what i wanted to say that in UP - vat on petrol is higher than delhi n haryana.
after GST the difference will be minimal.
It does not mean double taxation.
Definition of double taxation is altogether different. I think u r confused on that.
In any of the developed economy or any of the emerging markets doble taxation is not there.
scorpionking76 bro - i m giving u an example of my family - one of my uncles does the business of export. whatever the taxes he has been paying in third country, he does not pay the full taxes in India, only the difference amount is being paid in India.
If in america the taxes are 10 % and in india if the taxes are 20 % then we have to pay only 10 % in India. this rule is same across all the major economies of the world and this rule is simply made to avoid double taxation.
No major country in this world follows double taxation policy.
bhaskarkilli
Core Member
Come to AP you will get to know what is the VAT on Petrol.I think it is highest t in India.