Sad News GST base rate may raise to 10% from 5%

[Ashok Varma]

Almost two and a half years since its launch, the GST council is expected to discuss major restructuring to raise the base slab from 5% to 9-10%, while doing away with the 12% rate and moving 243 items in items in this segment to the 18%
GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab

 

[Digital Mastermind]

At the same time there are news going around that Income Tax relief is on its way or IT could be removed completely. Lets see what happens in next Budget.

Big tax cuts may be coming for middle class in next Budget; here's why

 

[Ashok Varma]

At the same time there are news going around that Income Tax relief is on its way or IT could be removed completely. Lets see what happens in next Budget.

Big tax cuts may be coming for middle class in next Budget; here's why

Individual IT rate (max) may reduce from 30 to 20% as compared to corporate tax.

 

[iDJ]

Is tax cut a good decision in the current state of economy?

 

[Digital Mastermind]

Is tax cut a good decision in the current state of economy?

What I presume here is the Govt wants to reduce the direct taxes (IT) and increase the Indirect tax (GST). remember that IT is filed by just a few % of the population, while GST is paid/filed by everyone making it equal to all. So in future what I see is IT being done away with and just in-direct taxes being there.

 

[iDJ]

What I presume here is the Govt wants to reduce the direct taxes (IT) and increase the Indirect tax (GST). remember that IT is filed by just a few % of the population, while GST is paid/filed by everyone making it equal to all. So in future what I see is IT being done away with and just in-direct taxes being there.

This will bring positive changes to common people?

 

[Ashok Varma]

So, India may move to Expenditure tax from Income Tax

 

[iDJ]

So, India may move to Expenditure tax from Income Tax

Basically we are bound to pay more. This tax cut is like price hike. Prices of all goods are decreasing. Only petrol and diesel prices are increasing.

 

[Rajat Basak]

I wanted 6% 12% 18% and 24% gst slab....

 

[Siva]

At the same time there are news going around that Income Tax relief is on its way or IT could be removed completely. Lets see what happens in next Budget.

Big tax cuts may be coming for middle class in next Budget; here's why

We have been hearing the same thing for the past few years, before every budget. Let's see!