GST TAX MAX

GST (Goods and Service Tax) shortly has taken a toll on customers with sleepless nights as to expect what bombardment from Prime Minister Narendar Modi in the name of new policy Good Service Tax launch this 1^st of July.

Especially what max tax benefit and loss could be expected on each product and service under GST regime concerns people now after its implementation? Tension grips due to lack of proper guidelines to people on new GST policy as it is a huge scheme which according to finance minister Arun Jaitely is going to appear fruitful in the future.

GST ensures mix impact on most commodities without any dilution on quality content of the product and intentional retailers’ foil to rob money from the customers. Consumer must be aware about extra tax or VAT mentioned at the total sum of bill’s end with 5% to 15% additional charge but unaware about inbuilt of hidden taxes like Excise Duty and others that severely impacts pricing process. Burdening normal people with higher value on products and services including frequent fluctuation of prices that impacts directly on everyone’s budget system due to which GST policy according to the government has been planned to regulate such irregularities.

Present 18%, 28% to 40% GST taxes have been implemented after exempting additional hidden tax charges from the actual total price cost of the product to justify honest taxpayers.

What common people feel that Narender Modi government need to be more cautious by acting proactively in circulating information on GST or Demonetisation to minimize greater agitation due to misguidance in the society.

India’s max simple people or 70% Indians do not understand fall out of heavy burden of hidden tax which they had been bearing for decades.