Why I am calling GST as Ghost of Single Tax while we all know GST full form is 'Goods and Services Tax' because 2 years completed of GST rolled out. The GST was launched at midnight on 1st July 2017. The government said it is a great reform in the tax system in India after 1991. But there is no positive effect on Business ease and no growth on Central Government Revenue. The economy of the country is now running in crisis just because of GST and regular changes in the economic policy of the government. The government had targeted growth in 2% GDP within 2years. The GST is performing and scaring as a Ghost in the market among businessmen as well as small shopkeepers. Ghost of Single Tax The government brought tax reform as One Nation, One Tax in the country, and targeted growth in 2% GDP within 2years but no growth in GDP. Last two years overall annual GST collection of government per month is 90 to 95 thousand crores. The central government had targeted 1.5 lacs ...
GST- Gujre Saal Tax Last year, July 1st, 2017 midnight GST launched by Prime Minister Mr Narendra Modi. He called it "Good and Simple Tax". On the other hand, GST has been called by political parties, leaders, and common people of India by different-different names. The Opposition leaders strongly take on the government on GST application without preparation. Nobody can forget the last big decision of demonetization by the government. The country economy still not overcome by that cash crunch shock. One year of GST completed after a lot of amendments, in the future GST... GST amendment to be continued... Before GST there were many doubts about it like inflation will go up, not easy to apply on the ground etc. Finally, for last year retail and wholesale inflation almost have been in control. More than 1200 items with 0% GST tax. Highest 28% GST tax slab maximum items number brought down near about 50. Total of more than 300 items GST rate decreased. One Natio...