Tag Archives: GST

India to Grow at 10% per year for 10 Years?

Morgan Stanley (MS), an international financial institution, has come out with a report on India claiming that India was already on a path to growth, but the country’s drive towards digitization may put it on track to be the world’s fastest-growing economy over the next decade. MS’s study makes the claims primarily on two initiatives: […]

Indian Nation State is Shooting in its Own Foot

In the zeal of controlling everything that either walks or doesn’t walk, the present Narendra Modi government of India is shooting in its own foot. It is giving one shock after another to the society and economy in the form of mob lynching of innocent people in the name of “cow protection”, beef and myriad […]

Making Profit in India is a Crime

The Modi government of India has made it legal (sic) that any business in India cannot make profit! If they make profit then they go to jail. The recently implemented new tax regime GST (goods and service tax) has a new amended clause in it, clause 171, which debars producers from making profit; any profit […]

Textile and Diamond Merchants are Up in Arms against GST

On one side farmers in Madhya Pradesh, Maharashtra, Gujarat etc., states are protesting against the policies of the BJP government, and now merchant/traders and manufacturers are also up in arms against the central government’s new tax regime of GST (Goods and Service Tax). Yesterday the local textile industry of Surat city called for a shutdown […]

GST (Goods and Service Tax)

GST india

The Narendra Modi government is ready to implement its new tax regime viz., GST (Goods and Service Tax) from the month of July 2017. They have now announced the applicable tax rates for some 1211 products. The Finance minister Arun Jaitley is telling that under this new tax regime tax filing will become simple and […]