GST collection drops in Nov by more than Rs 10K cr

[Indian wonk]

Air-conditioning???
OMG, that is every family's basic product.......

http://www.exportgenius.in/gst-tax-rates/air-conditioning

 

[ashok321]

@ashok321 Just check indian GST....OMG, it's so complicated......
How is that even practical in real life?
Some country which is famous for implementation of policies chooses to use a fixed rate...
And for india.....choose one of the most complicated regimen....
....

Modians love to complicate their life, kind of playing Golf with lemon...Lol

Modians like to make good things - not better.

Best? it is not in their domain.

 

[Indian wonk]

Modians like to make good things - not better.

Best? it is not in their domain.[/QUOTE]

Please give your expert opinion how the darbari economist / PM Dr Manmohan Singh managed to
bring India's GDP growth rate down from 9.5 % to 4 % in 16 months flat.
Crash Dollar to Rupee exchange rate from Rs 42 per dollar to Rs 68 per dollar in 24 months
Increase inflation CPI/WPI from 4 % to 10 % in 24 months.

 

[AndrewJin]

Modians love to complicate their life, kind of playing Golf with lemon...Lol

Modians like to make good things - not better.

Best? it is not in their domain.

I personally can't find a more complicated tax regimen....
The details are really confusing....

Our value-added tax revenue in 2016 was 40 trillion rupees btw （160 trillion rupees total government revenue).....

 

[Indian wonk]

Our value-added tax revenue in 2016 was 40 trillion rupees btw （160 trillion rupees total government revenue).....

Good job China

 

[AndrewJin]

Good job China

it's ok, but not really good compared to other big economies.

 

[Indian wonk]

it's ok, but not really good compared to other big economies.

Those are advanced economies there tax base is wide and their tax administration is more efficient and most of their employable people are gainfully employed , you Chinese are doing an excellent job for a large country India needs to learn a lot from China .
Peace

 

[AndrewJin]

Those are advanced economies there tax base is wide and their tax administration is more efficient and most of their employable people are gainfully employed , you Chinese are doing an excellent job for a large country India needs to learn a lot from China .
Peace

Having small tax revenue means less capacity to build infra, provide welfare, and likes.
I am not satisfied with such low rate.....

 

[Nilgiri]

@Nilgiri @Joe Shearer How is GST working for India? When I read about it, I thought it was a good idea. But it seems it is getting some bad press these days.

Its doing ok. Could be better, could be worse. I don't care much about the good/bad press aspect of it esp in such a short time frame without enough concrete data. That (press blah blah) is a given with any major reform/change. The 1991 reforms and demonetisation etc also attracted same thing....1st is judged quite positive in long term, 2nd will also be I am confident (given gestation period of the benefits).

A simple comparison of what was happening before and after is enough to say the direction is right. This govt is also not static oriented (i.e boom here it is and nothing will change from whats given upfront at start), they adapt quite quickly. Given the cacophony GST replaced, there will always be teething issues....but the important thing is now there is a cohesive structure/forum for people/industries to one-stop bargain/pressure with govt...that in itself is a huge thing, because before you didnt even have a chance to do so effectively because there were 10+ different taxes under all kinds of headings and authorities and by the time you got some pressure built on it, the whole industry has changed by that time so it was back to square one/stasis/scrap feeding. GST is actually a clay that can be moulded in short time frame, it is actually something workable.