Thanks for detailed information on pricing. Not sure why state governments are against GST? This will help maintain single tax rate and remove cess or additional fee.Your thoughts on this is appreciated.
I'm glad you found it useful. If they transition to GST, the highest slab is 28% of base price (of this only 14% will be SGST and state's revenue). So, if the OMC base price hovers around Rs 40, the maximum revenue per litre will be Rs 5.60, which is a huge revenue loss to the state. So, no state will agree to move to GST. There is a way to add a higher GST %, but normally for essential goods like petrol and diesel, even 28% slab is too high. So, it is bad publicity among public even if taxed at 28% Neither Centre nor State will want to move to GSt, but they will keep blaming each other for political reasons. But, that is understandable and we can't complain both Govts
Very well explained! Question that arises to me is What is CESS and why should we keep paying it, for non existent highways in most states? Also what's that Agri Cess??
Sir, Excellent Point. If I give some personal comment, people may think that I support one party I've the other. I want to keep Tue video politically neutral :) But the answer to your question is here: www.thehindu.com/business/Economy/cag-moots-probe-over-cess-accounting-dodge/article61702167.ece
Sir, I work as an Aided Professor who earns UGC scale. I plan to buy a house by availing loan of 80 lakhs. Is it okay. Or what are the dangers behind the loan. Just now I have started to earn and I don’t have any savings too.
Hi Sir/ Madam, Very difficult question to answer since it depends on a lot of factors like your age, current rent, EMI amount as percentage of your salary, your future earning potential, your ego/ emotional importance to you and etc., I just want to say one thing: If your EMI is a larger percentage of your salary and you don't expect big hikes (like the IT industry and senior positions in private sectors), then you will lose out on potential investment opportunities that results in much higher earnings. For example, if you had invested 10 lakhs in stock market in April 2020, it would have nearly doubled now. Keeping cash / liquid investment is key to seize such opportunities.
Thanks for ur videos sir...
Sir please continue your videos they are really helpful for everyone
Watch your videos. Your way of presentation is very good. Be on line mutually….👍👍👍👍👍
Super sir
I'm glad you found it useful Sir.
Thanks for detailed information on pricing. Not sure why state governments are against GST? This will help maintain single tax rate and remove cess or additional fee.Your thoughts on this is appreciated.
I'm glad you found it useful. If they transition to GST, the highest slab is 28% of base price (of this only 14% will be SGST and state's revenue). So, if the OMC base price hovers around Rs 40, the maximum revenue per litre will be Rs 5.60, which is a huge revenue loss to the state. So, no state will agree to move to GST. There is a way to add a higher GST %, but normally for essential goods like petrol and diesel, even 28% slab is too high. So, it is bad publicity among public even if taxed at 28%
Neither Centre nor State will want to move to GSt, but they will keep blaming each other for political reasons. But, that is understandable and we can't complain both Govts
Very well explained! Question that arises to me is What is CESS and why should we keep paying it, for non existent highways in most states? Also what's that Agri Cess??
Sir, Excellent Point. If I give some personal comment, people may think that I support one party I've the other. I want to keep Tue video politically neutral :) But the answer to your question is here: www.thehindu.com/business/Economy/cag-moots-probe-over-cess-accounting-dodge/article61702167.ece
Hello sir,
How are you?
We are waiting for your valuable videos ❤
Sir are you busy?. No videos in recent times
Thanks for checking out Sir. Will post videos shortly.
Sir
Sir, I work as an Aided Professor who earns UGC scale. I plan to buy a house by availing loan of 80 lakhs. Is it okay. Or what are the dangers behind the loan. Just now I have started to earn and I don’t have any savings too.
Hi Sir/ Madam, Very difficult question to answer since it depends on a lot of factors like your age, current rent, EMI amount as percentage of your salary, your future earning potential, your ego/ emotional importance to you and etc.,
I just want to say one thing: If your EMI is a larger percentage of your salary and you don't expect big hikes (like the IT industry and senior positions in private sectors), then you will lose out on potential investment opportunities that results in much higher earnings. For example, if you had invested 10 lakhs in stock market in April 2020, it would have nearly doubled now. Keeping cash / liquid investment is key to seize such opportunities.
Sir
Your location please
Namaskaram