GST on Medical insurance is ridiculous! The government is acting like they provide better (or any) medical services for the people. No wonder other countries are ahead of this one, they actually care about their citizens
Can we have a report on the Karnataka fiscal collapse? They are increasing taxes, duties, cess just to give freebies. Or we have to give them free hand because its an INC govt?
India needs to lower igst on imported computer parts. Today, most of things are done using computers. A custom pc is more user oriented than a laptop. But due to igst, Our imported electronics like mobile phones and computers costs more than 30% of its original price. Computer parts like processor and gpu are not produced by indian companies, so there no need to protect them when they dont even make these products. This adds extra burden on technical education such as graphics design.
@@MegaAshfire -- normally u get input credit on mid end or high end flats which is not the case in affordable housing -- so offcourse it is regressive --- rcm ,inverted duty structure -- all this has sucked 13lakhs crores cash flow from business
@@Sheela9999 isn’t this a specific scenario? Afaik other sectors benefitted massively from gst simplification of rates. Also your figure seems overstated given RE prices have skyrocketed . Hell this might control the bubble
GST on Medical insurance is ridiculous! The government is acting like they provide better (or any) medical services for the people. No wonder other countries are ahead of this one, they actually care about their citizens
GST on insurance is draconian... securing future is taking away 18%. Mockery of taxation
Excellent episode that explains complexities of the GST regime.
Excellent discussion
Can we have a report on the Karnataka fiscal collapse? They are increasing taxes, duties, cess just to give freebies.
Or we have to give them free hand because its an INC govt?
You have already given free hand by electing them.
It will be nice in your discussion to stay upfront what is working and then get on to what is not working or the improvements
This
Roger is really useful for upsc
India needs to lower igst on imported computer parts. Today, most of things are done using computers. A custom pc is more user oriented than a laptop. But due to igst, Our imported electronics like mobile phones and computers costs more than 30% of its original price. Computer parts like processor and gpu are not produced by indian companies, so there no need to protect them when they dont even make these products. This adds extra burden on technical education such as graphics design.
Local governments should be primarily be financed by property taxes or better yet land taxes.
Bangladesh absolutely doesn't have one rate for consumption taxes. They're hundreds of exemptions. Get your info right.
Great analysis
Very interesting topic
Good episode
Apparell GST should be at 5%. If its changed to 12% it will give rise to black economy.
Already we have seen similar issue in footwear.
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Ofcourse designer clothes are different from Jockey t-shirts
Yes gst is regressive --- realestate flat 1 percnet on affordable housing --- without input credit is so regressive
How does that make whole of gst regressive?
@@MegaAshfire -- normally u get input credit on mid end or high end flats which is not the case in affordable housing -- so offcourse it is regressive --- rcm ,inverted duty structure -- all this has sucked 13lakhs crores cash flow from business
@@Sheela9999 isn’t this a specific scenario? Afaik other sectors benefitted massively from gst simplification of rates. Also your figure seems overstated given RE prices have skyrocketed . Hell this might control the bubble