Comments on: Frequently Asked Questions and Answers on Goods and Service Tax (GST) http://taxguru.in/goods-and-service-tax/frequently-asked-questions-and-answers-on-goods-and-service-tax-gst.html Complete Tax Solution Sat, 26 May 2012 16:16:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Raj http://taxguru.in/goods-and-service-tax/frequently-asked-questions-and-answers-on-goods-and-service-tax-gst.html#comment-7133 Raj Thu, 19 Nov 2009 08:36:01 +0000 http://www.taxguru.in/?p=14470#comment-7133 GST is wonderful and state of the art. However, rates for essential goods like textiles and its raw materials PTA, etc should be kept low. GST is wonderful and state of the art. However, rates for essential goods like textiles and its raw materials PTA, etc should be kept low.

]]> By: Peeyush http://taxguru.in/goods-and-service-tax/frequently-asked-questions-and-answers-on-goods-and-service-tax-gst.html#comment-6826 Peeyush Thu, 12 Nov 2009 11:25:21 +0000 http://www.taxguru.in/?p=14470#comment-6826 Well GST is Wonderful tax and is more than window dressing. I guess my friend above Mr. Ram, is less aware of what all tax credit he shall be eligible when GST INDIA sets in. Bye Well GST is Wonderful tax and is more than window dressing.

I guess my friend above Mr. Ram, is less aware of what all tax credit he shall be eligible when GST INDIA sets in.

Bye

]]> By: ram http://taxguru.in/goods-and-service-tax/frequently-asked-questions-and-answers-on-goods-and-service-tax-gst.html#comment-6792 ram Wed, 11 Nov 2009 12:51:12 +0000 http://www.taxguru.in/?p=14470#comment-6792 gst is only a window dressing of old tax system.in poit of view of govt. its easier to control and more benefacial for enduser but fact is that it will increase value of goods e.g.right now e.d is 8%, s.t is 10% and vat is 4%, but as per new rule SGST(VAT)would be 10% and CGST will also increase to 10% for example only.and no CENVAT credit will be available within SGST and CGST,same problem will remain of cascading effect of tax.e.g a goods price is 100. under old rule. goods 100 E,duty@8% 8 total 108 VAT@4% 4.32 total 112.32 under proposed rule goods 100 CGST 10 SGST 10 Total 120 now u decide which one is better in point of view of consumer gst is only a window dressing of old tax system.in poit of view of govt. its easier to control and more benefacial for enduser but fact is that it will increase value of goods e.g.right now e.d is 8%, s.t is 10% and vat is 4%, but as per new rule SGST(VAT)would be 10% and CGST will also increase to 10% for example only.and no CENVAT credit will be available within SGST and CGST,same problem will remain of cascading effect of tax.e.g a goods price is 100.
under old rule.
goods 100
E,duty@8% 8
total 108
VAT@4% 4.32
total 112.32

under proposed rule
goods 100
CGST 10
SGST 10
Total 120
now u decide which one is better in point of view of consumer

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