I dont see a problem with high GST on luxury products that <0.001% of the population would be affected by. Those ultra wealthy will grudgingly pay it or some wont even care.
I'm ambivalent about cigarettes, it is a cash cow for all governments. They would never ban tobacco if they really cared about public health because most tobacco barons are the politicians. What is the GST on alcohol products these days?
But the government HAS to reduce GST on everyday essentials and the educational sector.
It's a travesty that they are charging 18% GST for online courses when all someone wants to do is gain an education to contribute to the economy down the road. Such a myopic decision.
I dont see a problem with high GST on luxury products that <0.001% of the population would be affected by. Those ultra wealthy will grudgingly pay it or some wont even care.
I'm ambivalent about cigarettes, it is a cash cow for all governments. They would never ban tobacco if they really cared about public health because most tobacco barons are the politicians. What is the GST on alcohol products these days?
But the government HAS to reduce GST on everyday essentials and the educational sector.
It's a travesty that they are charging 18% GST for online courses when all someone wants to do is gain an education to contribute to the economy down the road. Such a myopic decision.
Once they create 35% GST slab then they will keep on adding product/service one by one slowly.
First of all, gst on tobacoo is fine. Gst on beverages doesn't makes any sense as they are not forcing companies to decrease sugar content.
Gst on clothes above 5k at 18%, upto 1500 @ 5%, 10k+ @ 28% and 1500-5k @ 12% makes sense.
Cloths above 1500 @ 18% is insane.
I know that they propose absurd number. They will reduce it when implementation is done.
People will feel good that tax is not that high as proposed earlier.
They will launch some freebie scheme and give away. They will launch mega infra projects, use half of funds and divert the rest in their pockets.
We should not be mad. We chose him. We knew what was going to happen.
People are ready to pay so why wouldn't they tax. They are getting votes anyway, just look at Haryana and Maharashtra.