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  1. ezsasa

    GST: One Nation One Tax

    earlier too they were paying only octroi, agricultural income has no tax.. there were octroi mafia in the cities http://www.mid-day.com/articles/octroi-mafia-pushing-up-vegetable-prices/112307 even i have many doubts in terms of how much GST will be collected on a monthly basis, and how will...
  2. ezsasa

    GST: One Nation One Tax

    tax is calculated at invoice stage. At this point in time, prices will reduce only if tax reduced... For manufacturers to reduce the prices, it will take atleast couple of quarters. Much depends on whether manufacturers are willing to pass on refunds to consumers, but i suspect our baniyas will...
  3. ezsasa

    GST: One Nation One Tax

    Haven't heard about doing away with MRP.
  4. ezsasa

    GST: One Nation One Tax

    whatever may be the case inflation will not go beyond 4-6%, because that is being governed by RBI in modi Govt. so no worries there...
  5. ezsasa

    GST: One Nation One Tax

    This is how new bill GST bill will look like. Advantage is price of individual products will be more or less same across the country, earlier prices differed across the country depending on the state taxes. earlier tax would be at invoice level, now at item level.
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