GST one-loss multiple

Small businessmen, farmers and the general public will increase the burden, inflation will increase?

Celebration and protests are being organized on July 1, beginning with a new tax system GST. The Central Government is currently counting a lot of benefits by stating its law as best, but financial experts are talking about the losses of its people. Believing the experts, GST will benefit big businessmen, small and medium businesses will be in crisis and work will stop. Unemployment will increase. Hedon tax of GST will increase inflation on farm materials and petrochemicals. Poor and poor will be A nation, a market, a tax has created the danger of seizing the independence of states. Many critics say this is the beginning of a dictatorship. The first trial came to light as a banquet. Not only that, using around six slabs of GST in a spontaneous manner, the black money will grow again. Overall, the results of GST are coming in the opposite of the general public. Although the government is doing that the tax evader is afraid of it and they will no longer be able to steal taxes. The general public will get relief. By getting rid of tax evasion, people will not be able to loot the loot of the people and the government will also have to pay full tax and complete accounting.

All indirect taxes in GST have been replaced. This is the simplification which the government is talking about. But the question arises how it will be implemented. GST is a fully computerized system. If it is not computerized then it can not be applied. There are many kinds of problems in computerization that are now coming up. It is also being opposed by people belonging to traders and small industries. In this it is certain that all tax is being brought together.
The government is talking about a nation, a tax, a market. In addition to zero, four tax slabs have been made. So how did this tax be tax that looks tax at four different rates? In this one tax means that on one thing all the country will have a single tax. So far, every province used to set aside their taxes. If you bought the car then there will be tax in Haryana, something else in Uttar Pradesh. In the new system, a car will be able to do the same thing all over the country, but I believe this thing is being expanded. It was not that the first country was not one and now the tax rate will be one and the country will be one.
The question is right that if you add the cess with a four-five tax slab, then six tax slabs are done. This thing makes GST more complicated. Although the government is saying that gradually GST will be brought to two or three tax slabs.
Photos of GST are coming from all over the country, while in some places traders are also facing protests and hunger strikes. To understand the reasons for GST's opposition or support, it is important to understand its design. GST helps the large-scale industry But in our country there are also medium scale industries and small scale industries, as well as cottage industries. The needs of all these sectors are different. Since this tax has been brought to big industries, the middle, small and cottage industries are going to be shocking. Such people affected are protesting against it. Large industries are going to benefit from this. Because of this, they are supporting it. India is a country where there is a huge diversity in the interests of the people, so if someone supports it, then its opposition.
How much damage to farmers?
GST is not applicable on food grains, but its inputs like tax on fertilizers, pesticides will be taxed. Because of this, the cost of farming may increase a little bit. It would surely be beneficial for GST to make any difference in the productivity of agriculture, but it has no special advantage or no major losses.
The state receives very high revenue from petrol and diesel. They think that if these things have come within the realm of GST their income will be reduced. They feel that whenever they need revenue they can take more tax through this tax. States also have fear that their tax receipts from GST can decrease and the extent to which the central government will compensate it is not fixed. Because of this, the state governments do not want to lose autonomy in case of petrochemicals.
The federal structure has been adopted in our country. States have given autonomy to the constitution. The GST system is ending autonomy of states. Himachal Pradesh's needs are different from Tamil Nadu. Assam and Gujarat are also separate state states.
This was the opportunity for every state in the old tax system to decide tax according to their needs. That's why it's about decentralization. This is going to end in the new system. GST has blocked the way to earn local bodies. What arrangements have been made for them, they just do not know. You can connect Kashmir's question to the big question of financial federalism. First, they have got special status and second, they are raising the issue of Fiscal Fédelism. Casey Tyagi said that GST is not such a big event that the Center celebrates on such a large scale.
Policy Commission member and economist Vivek Debroy has said that this does not increase the GDP. Initially it was thought that there would be one or two tax slabs, but these are six. If this was ideal, then the GDP could increase from one to two percent.
Now the problem is that five tech