As it happened: India’s biggest tax reform measure, GST Bill, passed in RS

[Devesh]

18% tax wala line is true.... bcoz directly or indirectly govt taking 40% tax..... so how it is beneficial for govt?

 

[Prateek Marwadi]

If it will be a failure so why govt is so hesistant to bring this nahi laana chahiye tha phir

bro.... i have also written IN MY OPINION.

Note 1 - It has to be passed from 16 states atleast if it et al to be implemented from 1 st april 2017 within next 30 days.
Note 2 - as i understand the economics, i do not think at any cost this 18 % tax rate can generate any revenue for the govt.

right now the effective tax rate is between 28-32 % then how 18 % tax rate would fetch the same tax revenue ?

so in my opinion it is a failure.

Also, govt. wanted the rate must be 24 % but it is congress who wanted it to be under 18 %.

 

[IndianMascot]

Real great milestone by BJP Govt for getting this bill passed. Hope it will help citizen and govt both.