October 6, 2017

GST :: What is this nonsense going on?


The GST Council also reduced rates for a bevy of goods and services. As many as 27 items including unbranded namkeen, unbranded ayurvedic medicines, hand made yarn, ICDS food packages, khakra chapati, waste obtained from rubber, plastic and paper have been brought under the 5 per cent slab. Among services, job works like zari work, imitation jewellery and printing items have also been brought under this slab.


Read more at https://timesofindia.indiatimes.com/business/india-business/gst-diwali-bonanza-relief-for-exporters-small-traders-and-jewellers/articleshow/60973114.cms

Just keep things simple...why have these complicated product categories/ structures followed by exemptions?

Why can't you have a simple one rate of 5% or 15% for all products and services? Better still, only one rate.

GST was supposed to be "one nation one tax". This was the original plan under UPA.

Now it is multiple tax slabs with exemptions and exceptions changing every now and then.

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