may be. but the same thing I also wanted to say. I do not want to do any comparison between states.
For the rational and uniform prices, we need GST. I hope GST would be cleared in this FY only.
News Get Ready To Pay More- Luxury tax and Krishi kalyan
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For the rational and uniform prices, we need GST. I hope GST would be cleared in this FY only.
bhaskarkilli
Core Member
see..how govt earning tax..
A sample 1000 rupee meal.
The VAT + Service Tax (Including Swachch Bharat Cess) would be 195.5. (Govt earning 195.5)
Now to take home that 1000 rupees, i had to earn 1333.33 rupees (25% approx Income Tax on salary). (Govt. earning 333.33)
I had to use my bike for the 20km trip to and fro home. Fuel Expenses - 45 Rupees (Govt earns 23 rupees on that. Including latest excise hike of 1.50
So when i went out for a meal for 1000, the Govt. earned 195.5+333.33+23= 551 Rupees.
A sample 1000 rupee meal.
The VAT + Service Tax (Including Swachch Bharat Cess) would be 195.5. (Govt earning 195.5)
Now to take home that 1000 rupees, i had to earn 1333.33 rupees (25% approx Income Tax on salary). (Govt. earning 333.33)
I had to use my bike for the 20km trip to and fro home. Fuel Expenses - 45 Rupees (Govt earns 23 rupees on that. Including latest excise hike of 1.50
So when i went out for a meal for 1000, the Govt. earned 195.5+333.33+23= 551 Rupees.
bhaskarkilli bro - sorry, but i could not understand what u r trying to say.
that we all know and that has been there since ages and in all the countries.
After GST also we will pay all these taxes. but after GST all the taxes will be almost uniform across India.
Income tax will also be there as GST and Income tax cannot be same on percentage basis.
still ur example is wrong. for spending ur 1000 rs. U have paid only one time tax.
the other taxes are on the different amount.
Here scorpionking76 bro told that double taxation which means that a particular amount will be taxed twice which is not possible at any cost.
scorpionking76
EntMnt Knight
For petrol and liquor GST + Local taxes will be applicable for few years.
Take the case of Petrol at the current scenario, we are paying both central and local taxes, that's called double taxation. the difference what your relative paying is also double taxation bro.
scorpionking76 bro - please look into the definition of double taxation.
Double Taxation Definition | Investopedia
What is 'Double Taxation'
Double taxation is a taxation principle referring to income taxes that are paid twice on the same source of earned income.
Read more: Double Taxation Definition | Investopedia Double Taxation Definition | Investopedia
bhaskarkilli
Core Member
but the tax is cut from our pocket only bro.I will tell you one example.Previously I was paying my internet bill around 2500 not it increased up to 2800. because of taxes.
No one is talking about the clause BJP has introduced that every state from which your product passes in transit will apply additional 1-2% tax. They killed the whole point of gst. Don't blame others blindly. Look what these bunch of idiots are doing.
scorpionking76
EntMnt Knight
That 1-2% tax will go to state government coffers only during initial period. Say 5years post which that too will be scrapped and petrol and liquor will be added too in GST.
DashMajor
EntMnt Knight
In MP its highest if we see the chart of India.
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