Posted On
7/2/2017
12:24:19 AM
by
Laxminarayan Gopal
The Modi Bhakts will shortly be posting paeans of praise about the GST - anything their lord and master does is praiseworthy for them.
However what the GST will actually do is increase prices for most commodities and services other than a few basic ones. It is overall a good step because it will unify the country's tax structure in the long term but it has been implemented clumsily and in haste without proper preparation and groundwork. The Modi Government put up a huge celebratory show but the concept of GST in India was born much before the Modi gang came to power. They are just following up on the ideas of the past Government.
Answering your questions all applicable cesses will continue to apply but service tax has been replaced by GST and different rates and rules are applicable. If your rental income is from accommodation rented out for residential purposes up to Rs 20 lakhs rental income annually (Rs 10 lakhs in certain specified states) there is no GST. Beyond that 18% GST will apply. In this case the 20 lakhs limit (Rs 10 lakhs in certain states) includes turnover of all supplies made by you - not just your rental income.
|
Posted On
7/2/2017
12:45:56 AM
by
Indian
Laxminarayan Gopal ( may be Paki ) has immediately jump in to the subject starting with "Modi Bhakta". There is saying- If you cannot hate then how can you love. It shows love for him.
|
Posted On
7/2/2017
1:08:33 AM
by
Laxminarayan Gopal
Hi so called "Indian"
Yes - I really love Modi. But as a tea seller, not as a Prime Minister.
And no I am not a Paki. I have an Indian passport and I was born and brought up in independent India. How about you?
|
Posted On
7/2/2017
3:31:45 AM
by
Sm
@Rangarajan - GST has replaced taxes like service tax, VAT, Octroi, excise duty, sales tax etc. and not income tax. There is no change in income tax and the cesses you pay on the income tax payable. No change in TDS rules also.
|
Posted On
7/2/2017
9:07:52 PM
by
Rangarajan
@ SM Thanks
|
Posted On
7/2/2017
9:29:32 PM
by
another Indian
Indian,
I salute you extraordinary vision power...
Could you please tell me about my lost cow by your power whether it is in India or Pakistan?
|
Posted On
7/2/2017
10:56:31 PM
by
Amit Thomas
One thing is right.. any topic anyone start - it will end up in fighting in this forum. very funny...sometime its an entertainment tooo... love it.
|
Posted On
7/2/2017
11:15:21 PM
by
Indian
@ Laxminarayan Gopal - If you grind a diamond more , it will shine more. Go ahead with your agenda to scold our PM.
@ another Indian ( ??) - Good to understand that you were having a cow and you understand the importance after loosing it. It is in your heart , just love it.
|
Posted On
7/8/2017
8:57:09 PM
by
Rangarajan
Hi @ SM Seems like you are familiar with the subject of FILING OF TAX RETURNS. would you mind guiding me to file returns on line through e filing?
|
Posted On
7/8/2017
10:41:24 PM
by
Rigid
Bhakthuus are like.. If anyone is questioning or criticizing the modi government then he belongs to Pakistan.. wah kya science hey bhakthun ka..
|
Posted On
7/9/2017
3:53:38 AM
by
Sm
@Rangarajan, leave your contact details and I shall contact you.
|
Posted On
7/10/2017
2:03:53 AM
by
Rangarajan
@SM 99029772
|
