GST in India versus GST in the other countries

[IndianMascot]

In comparison with emerging market economics (EMEs), India has highest rate of GST at 18% - with major commodities falling under this rate. EMEs like China and Brazil have their most of commodities falling under the tax rate of 17%, 10% respectively.

However, some of the developed countries like s like France, Germany and United Kingdom have higher GST rates set between 19 – 20%.

Latest data of Organisation for Economic Co-operation and Development stated that average VAT/GST rate in major OECD countries is between 20-22% higher than the rate proposed for India

The Reserve Bank of India (RBI) in its research report named “GST: A Game Changer” - showcased performance of many countries after implementation of GST.


How India's GST is different from that in other countries | Zee News

 

[Devesh]

I hate GST

It has made my work more difficult

 

[IndianMascot]

GST had made every tax evader work difficult.

Tu apna bhai hai and its sad but true.

 

[scorpionking76]

GST makes Every trader accountable of the actions they do

 

[IndianMascot]

Sardar are damn intelligent. that's why they targeted Canada. Look at the tax there.

 

[scorpionking76]

But there will be some additional information we are missing

 

[Aviral Sangal]

After GST more product is available without bill n tax. This is the ground reality in the market. Also in the article it is stated 18% is the highest slab where as 28% is the highest slab

 

[scorpionking76]

After GST more product is available without bill n tax. This is the ground reality in the market. Also in the article it is stated 18% is the highest slab where as 28% is the highest slab

Those are tax evaders bro, we will see some more raids in the coming days and this will be election campaign issue for 2019