Discussion Demonetisation of old Rs. 500 and Rs. 1000 currency notes

[Sarkar]

But what is the expenditure for demonetisation, Govt. should clarify.

File RTI

 

[Digital Mastermind]

Actual data and news is coming now. Where are those people who said DeMo is waste and nothing good will happen

 

[Sarkar]

Actual data and news is coming now. Where are those people who said DeMo is waste and nothing good will happen

GST fruit is yet to come when Govt will start matching invoices, hope it will catch those who bypass tax till now

 

[Digital Mastermind]

GST fruit is yet to come when Govt will start matching invoices, hope it will catch those who bypass tax till now

Yes. Today's GST council meeting slashed rates of 80 products/services

Jaitley said that next GST meeting is crucial that will bring in Real estate and fuel (petrol and diesel) into GST.

I am.hoping rates if fuel to go down.

 

[Sarkar]

Yes. Today's GST council meeting slashed rates of 80 products/services

Jaitley said that next GST meeting is crucial that will bring in Real estate and fuel (petrol and diesel) into GST.

I am.hoping rates if fuel to go down.

Well there is a problem with this, if fuel price comes down heavily(tax reduce from more than 100% now to 28% GST) then fuel consumption with rise steadily, and we import fuel so our import bill will rise aka Current account deficit so to fulfill that tax needs to be raised on other products. So price will rise on other products. It's my view ofcourse

 

[Digital Mastermind]

Well there is a problem with this, if fuel price comes down heavily(tax reduce from more than 100% now to 28% GST) then fuel consumption with rise steadily, and we import fuel so our import bill will rise aka Current account deficit so to fulfill that tax needs to be raised on other products. So price will rise on other products. It's my view ofcourse

they may impose cess like how its done for luxury cars in 28% tax. If u said what is true then.

Also some section of people are sending wrong message that petrol will touch Rs 100/litre which makes people jittery

I feel govt will reduce the price to give relief to people if not absolute price cut as u said it's not feasible

 

[Sarkar]

they may impose cess like how its done for luxury cars in 28% tax. If u said what is true then.

Also some section of people are sending wrong message that petrol will touch Rs 100/litre which makes people jittery

I feel govt will reduce the price to give relief to people if not absolute price cut as u said it's not feasible

Thread is going somewhere else as it is demo thread, and not GST thread.

 

[Bapun]

2 lakh under lens for Rs 20 lakh deposits after note ban - Times of India

 

[Bapun]

India's growth slowdown substantially due to demonetisation: Raghuram Rajan

 

[Bapun]

The US said that growth in India has slowed due to the effects of its structural economic reforms.

India's growth slowed due to demonetisation, GST: Donald Trump administration