Indian Media to Parliament is
talking about GST bill passage and considering it as game changer for the
growth of both States and Country. Everyone is forecasting that correct
implementation of GST will remove multiple taxes like Octroi, Service tax, Cess
and other with single GST taxes.
It is really overwhelming news for the
business w.r.t to ease of doing business in India and its impact on overall
cost of the goods. At the same time, it will also increase the consumption
which will indirectly attract FDI towards India. I want to know being a naive in
taxation that how I will be beneficial being
Indian citizen. At the end of the day
I have to pay 18% if I go out with my family for vacation to eating
joints on top of regular tax paid by citizens. Is there any provision in GST
which resolve the double taxation in one way.
Disclaimer : It's an author point
of view
