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Showing posts from August, 2019

GST In India - Ghost of Single Tax

Why  I am calling GST as Ghost of Single Tax while we all know GST full form is 'Goods and Services Tax' because 2 years completed of GST rolled out. The GST was launched at midnight on 1st July 2017. The government said it is a great reform in the tax system in India after 1991. But there is no positive effect on Business ease and no growth on Central Government Revenue. The economy of the country is now running in crisis just because of GST and regular changes in the economic policy of the government. The government had targeted growth in 2% GDP within 2years.  The GST is performing and scaring as a Ghost in the market among businessmen as well as small shopkeepers. Ghost of Single Tax The government brought tax reform as One Nation, One Tax in the country, and targeted growth in 2% GDP within 2years but no growth in GDP. Last two years overall annual GST collection of government per month is 90 to 95 thousand crores. The central government had targeted 1.5 lacs c