As India is inching towards the biggest tax reform since independence there are many struggling hard to come face to face with reality of social inclusion, simplified tax structure and diminishing loopholes facilitating corruption.
Recently a newspaper report enshrined the urgency with which this 'Suit-Boot' lobby of business class is innovating new ways to keep their interests going after roll out of GST from July 1,2017. With the government intentions becoming clear on placing the daily use or basic utility products under 'no or minimum' tax slab the merchants enjoying lion's share finds it is no longer a cake walk to maintain huge profits as the relaxation has to be passed on to the customers.
However, this 'big appetite' class instead of compromising their interests is again inventing tactics to burn pockets of plebeian. It is reported that by reducing the quantity of products by few grams and price according to new tax system they are banking on running their profits unhindered.
Nevertheless, India will become a resilient and transparent economy in days to come and this is just the beginning.
Recently a newspaper report enshrined the urgency with which this 'Suit-Boot' lobby of business class is innovating new ways to keep their interests going after roll out of GST from July 1,2017. With the government intentions becoming clear on placing the daily use or basic utility products under 'no or minimum' tax slab the merchants enjoying lion's share finds it is no longer a cake walk to maintain huge profits as the relaxation has to be passed on to the customers.
However, this 'big appetite' class instead of compromising their interests is again inventing tactics to burn pockets of plebeian. It is reported that by reducing the quantity of products by few grams and price according to new tax system they are banking on running their profits unhindered.
Nevertheless, India will become a resilient and transparent economy in days to come and this is just the beginning.
