Suchindranath Aiyer fully agreed... gst is not coming with same platform as the idea was expected... some things are smoother...but a lot things are messy...and I personally feel gst will also cause cascading...
+Nidhi Sharma The so called Deliberative Democracy (Modi) succeeded in bringing all states on board because much more revenue is to be raised with far more opportunities for law and procedure fomented extortion. A new avatar of "license" Raj.
+pawarvs I would never vote Khangress. Raoul or anybody. Please remember that GST passed with the support of the Khangress Parivar that loots together to stay together. Modi's deliberative democracy, Padma vi Bhushan to Sharad Pawar, induction of SM Krishna giving Jailtey yet another barrel to fire from, non prosecution of VIPs for corruption and so on are signs of Modi becoming another Khangress clone. One looks from pig to man and man to pig and cannot say which is which.
Both the opposition and the government agreed to each and every article of the GST. The Congress and the opposition were trying to get this tax reform on the floor from the past 10 years. The only problem with this tax is, that it is almost leak proof, so no hiding tax. That's the pain. The positive thing is that the near future it will reduce the burden of the salaried middle class class by expanding the tax net.
Ghosh Aravind Datar, you are such a charismatic speaker!!! Explained so well.... Another thing you can add is that GST has killed small businesses who cannot afford to hire CAs to file 37 returns.
Had a paitent view, any change is not welcome. GST is not the end, it's a transition. Let the process go on, it will keep reforming. What do you think, the present model is perfect?!!
Rajan A Devar yep. planning the same. but ny reason is different to leave this country..my reason is religion of peace but whats the use of leaving the country, islam is taking over everywere.
CtrlShift X ; the problem you are worried about is very small as compared to this economical problems. ...forget about religion community cast and creed.. all an Empty stomach can think about is, *food* and some money to obtain it.
CtrlShift X ; i dont disagree to the fact you said.. yes there are religious elements like that. but still cannot stereotype it. Dr. APJ Abdhulkalam was a muslim. and many more are very loyal to the nation than to their religion. the only solution to this is.. to be stronger than the enemy at all point of time. if you are stronger, enemy will not dare attack you. and eventually over a period of time the enemy would quit.
Sanket Deshmukh ; the problem with monarchy is; the there isnt any potential person. for a diverse Country like India only a Saintly person can be a good monarch. who has the qualities like. #1.No pride *(of race language cast creed or any identity) #2. absolute Selflessness. #3. he/she has to be a Bhramachari.*(no child or spouse) #4. should consider all country and its people as his own blood relative and should not be biased to anyone. #5. Only Justice and well being of citizens should be his life motive. #6. should have *absolute zero 0* attractions towards wealth, fame, sex, selfrespect, food and any other kind of pleasure. #7 should be of sound mind with a lot of wisdom and good health to perform his duty. if any one have such qualities only then he/she has capacity to be a King this nation or else not.
It is very easy to comment from couch Nothing starts perfectly especially when you are trying to normalise tax structure across 30 states and 1.3 billion people , but not starting at will keep us in the state British left us
I am astonished to hear this from Datar. He has clearly not understood what CST is all about, and so have the majority of commentators on this video. in essence, both you and Mr Datar have failed to see the bigger picture in the Indian context of simplyfying the tax, removing the bottlenecks in the transport of goods across the country, the elimination of corruption at these toll nakas and bringing a sense on oneness amongst Indians. I am on the winning side, you are on the losing side in this debate, live with it. And now that CST is operational, embrace it and move forward WITH the country.
Arvind Datar - You're awesome in explaining this serious issue without exaggarating. I am a big fan of you from now on! All the Modi fans should consider this video and think again before blindly applauding for all his acts. Some might be good but some might be bad as well.
The economy is so down today, the reason can be easily connected to GST, its compliance issues, the government has gone thinking that the high rate would budget its expenses, what actually happened was that it reduced the demand so much that we are heading into recession...... Let Mukeshbhai (RIL) run the tax department, I am sure that he shall reduce rates and increase volume and remove compliance bottlenecks to spurt the economy back on track....
India should have a direct debate with Mr Modi and all these people who oppose his every move whether its Demonetization or now GST. Its very important and true to our age old tradition of Shastratha. Whosoever wins the debate, we should follow them.
There are problems of implementation and filling returns but not agreed with him totally.. Their might be initial hiccups but going farward it can be customised....5 slabs 0 to 28 % can easily be reduced to 3 but keeping grain and SUV in same tax slab cannot make a sense...tax evaders will never like it at all..
A dissenting view always needs serious consideration. But, prospect of living with 30 plus VAT laws is worse than GST's problems. Perhaps the government can reduce monthly returns to quarterly returns for reducing the compliance burden.
I 100% convinced by Mr. Datar. In my opinion State VAT Laws are not success and GST is nothing new but it is a Nationwide VAT. State VAT laws are unsuccessful in absence of proper infrastructure i.e. Computerization. Our view is, Center must go through the reasons of failure of State wide VAT system thereafter introduce GST.
Dear Mr. Aarvind Datar. Current VAT system is already very complicated. Whatever i learnt about GST so far will solve many problems for businessmen doing business in Intrastate will eventually grow intrastate trading. Yes off course GST could have been much better but our Indian founder politicians made our country so politically divided that it is now like a dream to implement that kind of GST which other progressing country are following.
GST will make pockets of common man dearer, I am afraid not all business are ready for GST yet. I am totally against different rates, this will create chaos.
Even after 4 years, the government has no clue about GST and doing blunder after blunder... The top line empty with their portion above their neck... Unfortunate indians we are
Around 6 minutes 30 seconds, you compared Post-GST's 49 (36 GST + 12 TDS + 1 Annual) returns vs Pre-GST's 2 (2 Service Tax) returns in case of a service provider. I would like to point out that Pre-GST returns were 6 (2 Service Tax and 4 TDS) and not 2. Best, CA. Anirudh Bagai ACA, LLB
The following are the specified person (s) who are liable to deduct TDS: An Individual or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year. A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore in case of a business, or Rs. 50 lacs in case of a profession. Refer: www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
CA. Anirudh Bagai ACA, LLB sir you're partly correct, the TDS returns you mentioned are the ones under the IT act, which have to be filed by all tax audit persons be it a manufacturer, retailer, wholesaler or service provider. but here, the 12 TDS returns are under the GST act, which is applicable only for supply of goods/services above 2.5 lakhs and only for specific goods/services, yet to be notified. these two TDS return types are completely distinct, please don't merge them together.
If a Government wants to raise revenue, tax the sources of wealth; not the average person with GST. Put a tax of 1 cent or 1 penny on every stock exchange transaction and watch the money flow in.
some people deliberately don't want to change the inefficient and combursome tax system and they also don't have such enegry to understand the difference. some people are not made for change. That's why they make objection.
I do agree with Dattar. in a country where the infrastructure in data management is in a primitive stage and even the submission of vat reports are difficult the introduction of GSTwill meet its own fate. the poor business men will lose their business and will get succumbed to the giant foreign multinational business houses who exploit the indian business men by charging more than 20% as commission. for just procuring orders without knowing such facts Indians get themselves cheated with exorbitant rate for their own Indian products.
What is wrong if a returns officer holds justice nariman's ineffective with respect to taxation?? After all the decision shall be subjected to further judicial review
What you said is right that total number of e-filing returns and TDS filing will increase. But, how many are paying taxes, how many are coming forward to pay. Leave this topic. What people do is they don't/never show they earnings and pay taxes. At the end of every year, they say that they didn't had any profits and they don't have to pay any taxes. Now, lets say they have to show and file your taxes, now if anyone is caught or interrogated they will get complete track of the business. Presenter is worried about number of e-filings. What might be the problem for presenter is people might have to show all earnings and file returns and TDS continuously, that people are not interested to save BM.
Dear Sir, Scientific apparatus& scientific instruments are mentioned 12% GST list. but by their individual name various scientific instruments and apparatus are mentioned in 18% & 28% list. What rate should be charged by us. Kindly reply.
Gst will spoil the small scale business's and service providers also.. the way it was implemented is totally wrong they have kept different taxes on different products and services instead of implementing the same taxes on all the products and services, and it is deniable fact that we are all going to suffer with this.The govt should fullfill the promises they made during elections.Sabka saath sabka vikas is only for politicians, millionares and billionares not for middle class people who worked hard to leave a simple life.
pravesh chauhan So rubbish Patannali goods pay taxes also. Religious riot.happens.before as well but no one care about hindus. Previously only Muslim victims card always play
Rahul Kumar lakra Nestle.also.failed the test. It is good.that they failed the test.so they have to.improved. What the riots related to this topic ? Riots not.increase anyway and mainly it always start by Muslim not.hindu
I don't get 1 thing if Patanjali is growing then what's wrong in it? if Indian businessman growing what is problem? every co comes with their special product same way patanjali doing with Ayurvedic products. so where is problem?
In the present VAT, the Tax structure on a particular product differed from State to State, whereas under the GST the Tax is uniform of any particular product. There were any number of other Taxes levied b the State and Central Govts., Under the GST the uniform VAT rate and all other service taxes etc and duties have been consolidated oin the GST. The wisdom of the GST Council comprising of all Sates and the Centre has been challenged by the personal opinion of an individual... Comparing the GST of Singapore, a city State and the GST of India which has 29 States and the Central Government... The earlier UPA Govt at the Centre attempted but due to resistance of some State Govts, the GST could not be passed in the Parliament and the State Assemblies. Finally, during the present NDA Govt., all State Govts (comprising of various political parties) and the Centre (NDA) managed to pass the GST Bill.
I wish Jetley listened to these taxation discourses rather than munching nuts in any meeting and growing fatter and foolish of his faulty knowledge of laws and their practical impact on the society and biz.He should keep in touch with the real stalwarts in law than Modi who is ruining this country with little legal knowledge.Modi should be taxed presumptively for his luxurious way of life.BJP 's only aim is tax everything and every one to the hilt.Another fallacy is that Modi presumes everyone in India has digital literacy,computers,internet connections,wifi,credit and debit cards and so on including those most backward rural Indians.He lives a grand dream and makes India one big taxed country of the world.
WHEN WILL INDIAN CITIZENS AND BUSINESSES PAY TAXES CORRECTLY AND WILLINGLY. DO YOU EXPECT INDIA TO PROGRESS WITHOUT THE PAIN OF TAXES? OF COURSE YOU WOULD BE BETTER WITH A SINGLE COUNTRYWIDE TAX.
Looks like Aravind ji is more concerned about businessmen might now won't take CA/Consultants help since the process is being made so easy that after initial hiccups majority would be filing their GST on their own. He might be putting logical reasoning but those running the govt are also pretty highly qualified and debating GST from last 15 years. You might be thinking from your client's POV but Govt has to consider the consensus on Pan India Scale.
GST is introduced by Jetley, who is a political enemy of Mr.Modi. He is doing everything to make Mr.Modi unpopular. First demonetization, then GST. People have endured Demonetization, suffered terribly for months for very little outcome. No action was taken on the black money coming back to India through Mauritius as foreign investments. No action was taken on 380 wilful defaulters as said by the Supreme Court. No action was taken against the people who sent away $2600 billions to Swiss Banks. if Mr.Modi wants to survive, he must sack jetley and the advisers of the finance Ministry including Jayanta Sinha, one of the creator of the Mauritius loop along with his father Yaswant Sinha and his wife.
vadafone case gone in favour of govt. in high court.. the lawyer in supreme court out smart law. govt has all right to impose retrospective . India is for Indians and not for foreign company . whatever may be the law FDI will come as India is growing
Nicely explained.. I have a question and i would like answer on it. Let me put up my question through an example to simplify it. I went to a hotel for a coffee. The rate was INR 40/-. This incident I want to explain is when the GST was implemented and the GST was 18% (9% local + 9% center). I got the bill of 40 + 7.20 = 47.20 total. I paid the bill at counter and asked how old was the menu card printed and the rate not being changed. I came to know it was about 2 yrs old. Now I want to understand that when that menu card was printed there was no GST implemented. But on products like coffee, sugar, milk there must be some sort of taxes like excise, VAT, octroi (where applicable). So the question that came to my mind was why the actual product rate never decrease as those taxes are now out and if GST has simplified and lessen the tax burden than that coffee rate should be like 30 to 35 and than 18% GST implemented. Still today I see the rates are same as before the GST and on top of that GST is implemented. When will the actual effect of GST come in play and which government body or sub-body is responsible and on the field to that and show the result in numbers.
A person who is comparing India with Singapore should not be listened to in the first place. Secondly, being a lawyer representing big firms and cashing in on big fat paychecks fighting for cases for them, Mr Aravind Datar is placed correctly and his statements make complete sense. Thirdly Any person who justifies the logic that GST should be a single tax system and justifies that the merc/bmw cars should be taxed in the same rate as the bread and butter is as wrong as it gets; and he is doing only so because he is earning crores and crores of rupees and he is justifying in other way to have "proportional taxation in India". Fourthly: About plugging the loopholes in the taxation system, he wants that the loopholes should exist as is and The govt should not plug the loopholes once they are discovered by the IT officers. Any person who justifying this logic is basically earning the money because of these loopholes. All the systems around the world have loopholes and governments just catches up on that, so that the government does not lose out on revenue after discovering such holes. If we go by his understanding the FDI in India should be decreasing, but to all our disbelief it is increasing year after year. He has won cases in Supreme Court ('good for him'), but how he does not say that the big companies who have hired him as the tax lawyer are basically earning huge amounts from India, and they are not willing to pay the taxes due to these companies. If it was upto Mr Datar, and his logic he would not tax the companies at all. After all his is just doing his job as a tax lawyer of big companies. ( Apne namak ka karz ada kar rahe hain Mr Datar).
he may b right wid certain points but the truth is some of d business entities are jst for the purpose of doing hawala dealings... these entities as under d pre GST scenario they ve to file the returns for twice or thrice a year, they gets ample amount of time to receive the unaccounted money from various sources show it as the revenue from sales contrary that the actual sales never took place and then again return that laundered money in white nd get commission on it. If 1 has to file a return in such a small window of time, then it wud become very difficult to launder the money as they ve to show the revenue generated from sales for a very short period of time and any uncertainty in the filed returns would alarm the agencies and then finding the abnormalities wud also be easier for them.. I myself only ve a pinch of knowledge abt taxes, but since I'm trying to get into d business world these r a very few things I got to know... please let me know if I'm right or wrong about it
Arvind sir.. you speak well.. are you planning to join congress?. there are so many great people worked behind this.. if what you say is right.. i am certain govt will take corrective action.
miss. u manmohan. Singhji small. business men is. killed. by. gst this. type. of gst. is. not. in. any. country. what. we. HV lawyer. finance minister. cannot. understand. economy.
its all engagement of people and just a game change such that no new ideas to create jobs this will create some confusion and some people will get jobs related to digitalization and other service for filing GST itself
GST is a technology enabled tax in which there would be no Revenue Leakages... This is a major major advantage as compared to existing law... There may be some hiccups in GST but Rome was not built in a night sir...
49 returns in a year instead of 3 and all online! Name me one govt website, which has the server capability to handle that sort of traffic! His basis that GST only succeeds when there is one GST for one country is absolutely correct. What is the point of having new taxes when they do not simplify the taxation regime. As far as revenue leakages are concerned, believe you me, they will continue to happen. It is the inherent nature of taxation, you cannot change it.
Dats the problem with the India. People start to defend/oppose anything without knowing any ground realities. You are absolutely right, technology plays an important factor this time. Govt. has learned from previous technological shortcomings or failures and deployed excellent IT infrastructure required to run GST 24*7. This guy(Aravind Datar) is highly polarized and trying to enforce some political agenda towards the audience. Comparing Singapore/Aus GST's to India is totally absurd. The amount of direct taxes collected in these countries is way higher than we can ever imagine. If GST needs improvement it should be done but negating it totally is just a sign of immaturity.
Yup, lets call the expert 'polarised' because we do not agree with his totally valid comparison with GST being implemented in other countries! (Although the govt probably did heavy research into those countries' gst implementation but how dare he compare us with them!) As far as the amount of direct taxes collected is concerned, the quantity is immaterial!! Infact if I am to take the GST implementation in India, one of the reasons' the GOI wants it implemented is to increase the collection of direct taxes! So your rationale that GST in those countries is different and gets more direct taxes, while our GST is different because we do not get the same amount of direct taxes is flawed, because we precisely as a country, want to end up in a scenario where our collection of direct taxes is exponentially increased! As far as the IT infrastructure is concerned, we shall have to wait and see for the first couple of quarters after its implementation. But a govt. that still hasn't been able to cure the problems of its railway booking website during peak 'tatkaal' time, does not inspire much hope.
By this attitude we would be sitting in a cave without the invention of fire and wheel. He quoted Singapore incorrectly. Spreading Lies about GST. He qoted Dr. Ambedkar, now how ambedkar is relevant as fara as economic reforms are concerned. Ambedkar also made smoe very imp. point about reservation, did we followed them?
If it is the most terrible thing that ever happened to a country, how so many countries have implemented it successfully? There are around 160 countries in the world that have GST already in place. India is implemented the GST Law 2017 from July 1st and it has adopted the Dual GST model, the one followed by Canada. Canada successfully implemented it, but in India you want to make everything fail, because the BJP is in power.
Who said there is just one GST in Canada. They also have multiple tax system like GST which levied by the federal government and HST which is levied by some of the States like Ontario. And then we have some other taxes specified to some states. Plz don't spread rumors people of this country are too naive to understand the benefits of GST. I believe some of your points are valid and I am quite sure that the Government must have studied and evaluated these points to simplify them.
I think reasoning provided by the erudite speaker is incorrect. First he says why not single tax rate, then he goes on explaining why different states having different requirements still gst has same tax rates for all. isn't the same reasoning valid for different tax rates on different goods as all goods and services are not same. Some goods which are necessary for everybody shouldn't be taxed lesser than sin and luxury goods keeping in view regressive nature of indirect taxes? In case of states, uniform tax rates provides a level playing field so that a company does not have lower tax rate as a consideration for establishing their business in a particular state only. It is not difficult to understand that richer states could have more leverage in this regard if uniform rates are not replied, which is one of the factor of some states advancing quicker than other states. Further he is talking about filing returns and stating a number of returns are to be filed by the units. In this regard, I request the worthy speaker and those consuming this content to please check the law and system first. Most of the returns are auto populated and there are in reality only a few returns to be filed. Moreover, saying that 20 lakhs threshold will have more mushrooming of fake industries in comparison to 10 lakhs is completely irrational. Further if the people are faking earnings isn't it a flaw in people's ethics rather than a lacking of GST? Actually after this I skipped watching this manipulated and technically flawed video. The case presented by the speaker, in my opinion, is pointing towards an agenda to intimidate the industrialist so that they run to consultants and chartered accountants etc. for even those things which are done for free by the taxation department. take for example migration. CBEC does it for free but the consultants and accountants have been able to show the same as cumbersome so the small traders and dealers rushed to them for migration for which they are charging as much as Rs. 6000/-. Causing fear of returns is just nurturing consultancy business and nothing else. No hard feelings towards anyone. Just my opinion.
devudu chesina manishi Our stupid system only has vote bank Policies. guts se kuchh nahi Hota kai guts wale aaj bhi bhatak rahe hai. yaha sab Jaati se hota hai
For Regular GST Tax Assesses, Monthly 1 GSTR3B, 1 GSTR1, 1 GSTR2 & 1 GSTR3 = Total 4 x 12 = 48 Returns + 1 Annual Return = 49. If the Tax Assessee has branches in multiple States then 49 should be multiplied by the number of States. Thank you.
Terrific Video..This Government Is Curse For India.
Dont vote b.j.p vote congress
@@sbharatvaj4408crap
Hats off to people who do business in India.
Aravind Datar says it right. India's GST is not GST. It is an evolution of the Churchill prognosis to tax Indians for the pleasure of Neta-Babus.
Suchindranath Aiyer fully agreed... gst is not coming with same platform as the idea was expected... some things are smoother...but a lot things are messy...and I personally feel gst will also cause cascading...
+Nidhi Sharma The so called Deliberative Democracy (Modi) succeeded in bringing all states on board because much more revenue is to be raised with far more opportunities for law and procedure fomented extortion. A new avatar of "license" Raj.
Suchindranath Aiyer i will nvr vote bjp again.. vote rahul as pm..
+pawarvs I would never vote Khangress. Raoul or anybody. Please remember that GST passed with the support of the Khangress Parivar that loots together to stay together. Modi's deliberative democracy, Padma vi Bhushan to Sharad Pawar, induction of SM Krishna giving Jailtey yet another barrel to fire from, non prosecution of VIPs for corruption and so on are signs of Modi becoming another Khangress clone. One looks from pig to man and man to pig and cannot say which is which.
Suchindranath Aiyer .you free to vote for a 45 year old kid who the sycophants say give him some more time to evolve
Real and true Lawyer. Can advocare any opinion for money.
Any lay man can understand,the concepts are simplified ,what an effective presentation.thank you sir
A very presentation of facts. This is not how GST works.
Both the opposition and the government agreed to each and every article of the GST. The Congress and the opposition were trying to get this tax reform on the floor from the past 10 years.
The only problem with this tax is, that it is almost leak proof, so no hiding tax. That's the pain.
The positive thing is that the near future it will reduce the burden of the salaried middle class class by expanding the tax net.
Ghosh Aravind Datar, you are such a charismatic speaker!!! Explained so well.... Another thing you can add is that GST has killed small businesses who cannot afford to hire CAs to file 37 returns.
Omg finally some reason after hearing all the propaganda. Thank you so much for uploading. This is logical and reason centric talk.
Had a paitent view, any change is not welcome. GST is not the end, it's a transition. Let the process go on, it will keep reforming. What do you think, the present model is perfect?!!
i am leaving this country
or become a farmer if i have to stay here
Rajan A Devar yep. planning the same. but ny reason is different to leave this country..my reason is religion of peace but whats the use of leaving the country, islam is taking over everywere.
CtrlShift X ; the problem you are worried about is very small as compared to this economical problems.
...forget about religion community cast and creed.. all an Empty stomach can think about is, *food* and some money to obtain it.
CtrlShift X ; i dont disagree to the fact you said..
yes there are religious elements like that.
but still cannot stereotype it.
Dr. APJ Abdhulkalam was a muslim.
and many more are very loyal to the nation than to their religion.
the only solution to this is.. to be stronger than the enemy at all point of time.
if you are stronger, enemy will not dare attack you.
and eventually over a period of time the enemy would quit.
don't worry soon democracy will fall and I will establish a nice kingdom in this country
Sanket Deshmukh ; the problem with monarchy is; the there isnt any potential person.
for a diverse Country like India only a Saintly person can be a good monarch.
who has the qualities like.
#1.No pride *(of race language cast creed or any identity)
#2. absolute Selflessness.
#3. he/she has to be a Bhramachari.*(no child or spouse)
#4. should consider all country and its people as his own blood relative and should not be biased to anyone.
#5. Only Justice and well being of citizens should be his life motive.
#6. should have *absolute zero 0* attractions towards wealth, fame, sex, selfrespect, food and any other kind of pleasure.
#7 should be of sound mind with a lot of wisdom and good health to perform his duty.
if any one have such qualities only then he/she has capacity to be a King this nation or else not.
thanks so much for the unbiased, fair warning about GST and this govt. overall economic policies...
It is very easy to comment from couch
Nothing starts perfectly especially when you are trying to normalise tax structure across 30 states and 1.3 billion people , but not starting at will keep us in the state British left us
I am astonished to hear this from Datar. He has clearly not understood what CST is all about, and so have the majority of commentators on this video. in essence, both you and Mr Datar have failed to see the bigger picture in the Indian context of simplyfying the tax, removing the bottlenecks in the transport of goods across the country, the elimination of corruption at these toll nakas and bringing a sense on oneness amongst Indians. I am on the winning side, you are on the losing side in this debate, live with it. And now that CST is operational, embrace it and move forward WITH the country.
take a bow sir .....thumps up
he has good insight into economic system...well appriciated..
he must be given more then 20mints of speech
A good talk. FM Jaitley is complicating everything. A very unfit man. He is going to make the life of every citizen miserable.
I agree with you Sir. It's just a saur candy sugar coated. it's just a waste of public money.
Arvind Datar - You're awesome in explaining this serious issue without exaggarating. I am a big fan of you from now on! All the Modi fans should consider this video and think again before blindly applauding for all his acts. Some might be good but some might be bad as well.
The economy is so down today, the reason can be easily connected to GST, its compliance issues, the government has gone thinking that the high rate would budget its expenses, what actually happened was that it reduced the demand so much that we are heading into recession...... Let Mukeshbhai (RIL) run the tax department, I am sure that he shall reduce rates and increase volume and remove compliance bottlenecks to spurt the economy back on track....
So much sense
India should have a direct debate with Mr Modi and all these people who oppose his every move whether its Demonetization or now GST. Its very important and true to our age old tradition of Shastratha. Whosoever wins the debate, we should follow them.
There are problems of implementation and filling returns but not agreed with him totally.. Their might be initial hiccups but going farward it can be customised....5 slabs 0 to 28 % can easily be reduced to 3 but keeping grain and SUV in same tax slab cannot make a sense...tax evaders will never like it at all..
A dissenting view always needs serious consideration. But, prospect of living with 30 plus VAT laws is worse than GST's problems. Perhaps the government can reduce monthly returns to quarterly returns for reducing the compliance burden.
well said, Mr.Aravind datar
I 100% convinced by Mr. Datar. In my opinion State VAT Laws are not success and GST is nothing new but it is a Nationwide VAT. State VAT laws are unsuccessful in absence of proper infrastructure i.e. Computerization. Our view is, Center must go through the reasons of failure of State wide VAT system thereafter introduce GST.
Sanjay Pandey If U r true than its not New idea...why all fear for that
..?
Boss this is GST not VAT...
Both are completely diff.
explain in your own words . HOW?
Dear Mr. Aarvind Datar. Current VAT system is already very complicated. Whatever i learnt about GST so far will solve many problems for businessmen doing business in Intrastate will eventually grow intrastate trading. Yes off course GST could have been much better but our Indian founder politicians made our country so politically divided that it is now like a dream to implement that kind of GST which other progressing country are following.
Truly Assessed. GST is purely online, thus end of Baburaj, a sigh of relief.
Kapil Bhardwaj
Have you visited, made transaction, filled up forms on a government website?
If yes then you should know how "easy" it is.
Pete! It will be now, just wait n Watch.
Kapil Bhardwaj lol...you have no idea how easy it will be when hundred thousand people will access same site in a day.
Do you have any idea how many? And how does it pose any challenge?
When India will become ready...
earlier customer paid tax on the cost for which tax is already paid in VAT. now it's twisted VAT and bluffing people.
Totally agree with Mr. Datar
I like this guy very good speaker,knowledgable
i just want to say that change is always good
I solemnly accept. This person is Agent of parallel economic
absolutely right and right path
GST will make pockets of common man dearer, I am afraid not all business are ready for GST yet. I am totally against different rates, this will create chaos.
Even after 4 years, the government has no clue about GST and doing blunder after blunder... The top line empty with their portion above their neck... Unfortunate indians we are
Around 6 minutes 30 seconds, you compared Post-GST's 49 (36 GST + 12 TDS + 1 Annual) returns vs Pre-GST's 2 (2 Service Tax) returns in case of a service provider. I would like to point out that Pre-GST returns were 6 (2 Service Tax and 4 TDS) and not 2.
Best,
CA. Anirudh Bagai ACA, LLB
The following are the specified person (s) who are liable to deduct TDS:
An Individual or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.
A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore in case of a business, or Rs. 50 lacs in case of a profession.
Refer: www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
CA. Anirudh Bagai ACA, LLB sir you're partly correct, the TDS returns you mentioned are the ones under the IT act, which have to be filed by all tax audit persons be it a manufacturer, retailer, wholesaler or service provider.
but here, the 12 TDS returns are under the GST act, which is applicable only for supply of goods/services above 2.5 lakhs and only for specific goods/services, yet to be notified.
these two TDS return types are completely distinct, please don't merge them together.
That still less than gst returns
absolutely agree with this
thnk u modiji u hv given a wel deserved holiday to middle class men like me through ur notebandu gst acts...nice manoranjan to the whole nation.
what about the cascading effect,govt has accepted that it was a flaw,now will they give us refund for the error they committed??
If a Government wants to raise revenue, tax the sources of wealth; not the average person with GST. Put a tax of 1 cent or 1 penny on every stock exchange transaction and watch the money flow in.
some people deliberately don't want to change the inefficient and combursome tax system and they also don't have such enegry to understand the difference. some people are not made for change. That's why they make objection.
I do agree with Dattar. in a country where the infrastructure in data management is in a primitive stage and even the submission of vat reports are difficult the introduction of GSTwill meet its own fate. the poor business men will lose their business and will get succumbed to the giant foreign multinational business houses who exploit the indian business men by charging more than 20% as commission. for just procuring orders without knowing such facts Indians get themselves cheated with exorbitant rate for their own Indian products.
What is wrong if a returns officer holds justice nariman's ineffective with respect to taxation?? After all the decision shall be subjected to further judicial review
What you said is right that total number of e-filing returns and TDS filing will increase. But, how many are paying taxes, how many are coming forward to pay. Leave this topic.
What people do is they don't/never show they earnings and pay taxes. At the end of every year, they say that they didn't had any profits and they don't have to pay any taxes. Now, lets say they have to show and file your taxes, now if anyone is caught or interrogated they will get complete track of the business.
Presenter is worried about number of e-filings. What might be the problem for presenter is people might have to show all earnings and file returns and TDS continuously, that people are not interested to save BM.
Dear Sir,
Scientific apparatus& scientific instruments are mentioned 12% GST list. but by their individual name various scientific instruments and apparatus are mentioned in 18% & 28% list.
What rate should be charged by us.
Kindly reply.
most people earn their money from fear of other ppl. Panicking is their sports.Dont play it for ur own health and wealth
Gst will spoil the small scale business's and service providers also.. the way it was implemented is totally wrong they have kept different taxes on different products and services instead of implementing the same taxes on all the products and services, and it is deniable fact that we are all going to suffer with this.The govt should fullfill the promises they made during elections.Sabka saath sabka vikas is only for politicians, millionares and billionares not for middle class people who worked hard to leave a simple life.
Aravind data a honest man
arrival of modi govt.
sudden growth of patanjali.
free services given by reliance.
GST excluding patanjali products.
religious roits.
demonatization.
pravesh chauhan So rubbish Patannali goods pay taxes also. Religious riot.happens.before as well but no one care about hindus. Previously only Muslim victims card always play
Udom Shukul But patanjali failed quality test and religious riots have increased by 97% you can do Google search for more detail
Rahul Kumar lakra Nestle.also.failed the test. It is good.that they failed the test.so they have to.improved.
What the riots related to this topic ?
Riots not.increase anyway and mainly it always start by Muslim not.hindu
pravesh chauhan pantanjali products included sir...
I don't get 1 thing if Patanjali is growing then what's wrong in it? if Indian businessman growing what is problem? every co comes with their special product same way patanjali doing with Ayurvedic products. so where is problem?
Awesome. His extempore address will take him to new heights in the world.
it's making life hell for small traders.
The more we going on innovations with out fixing problem, the more we are creating problems.
Sir kabhi suruwat krni padegi, aaj ni to kl. Aur jitna jaldi suru karenge utna behter he.
In the present VAT, the Tax structure on a particular product differed from State to State, whereas under the GST the Tax is uniform of any particular product. There were any number of other Taxes levied b the State and Central Govts., Under the GST the uniform VAT rate and all other service taxes etc and duties have been consolidated oin the GST.
The wisdom of the GST Council comprising of all Sates and the Centre has been challenged by the personal opinion of an individual... Comparing the GST of Singapore, a city State and the GST of India which has 29 States and the Central Government...
The earlier UPA Govt at the Centre attempted but due to resistance of some State Govts, the GST could not be passed in the Parliament and the State Assemblies.
Finally, during the present NDA Govt., all State Govts (comprising of various political parties) and the Centre (NDA) managed to pass the GST Bill.
Mr datar is absolutely right
Swarup Ghosh
m
Swarup Ghosh no he's biased
GST is going to be old wine in new bottle
what a nice explaination .....
The facts explained, bitter to absorb but are facts, I love these facts as "Facts influence me rather than expert opinion"
I wish Jetley listened to these taxation discourses rather than munching nuts in any meeting and growing fatter and foolish of his faulty knowledge of laws and their practical impact on the society and biz.He should keep in touch with the real stalwarts in law than Modi who is ruining this country with little legal knowledge.Modi should be taxed presumptively for his luxurious way of life.BJP 's only aim is tax everything and every one to the hilt.Another fallacy is that Modi presumes everyone in India has digital literacy,computers,internet connections,wifi,credit and debit cards and so on including those most backward rural Indians.He lives a grand dream and makes India one big taxed country of the world.
Big mess in the offings.
WHEN WILL INDIAN CITIZENS AND BUSINESSES PAY TAXES CORRECTLY AND WILLINGLY. DO YOU EXPECT INDIA TO PROGRESS WITHOUT THE PAIN OF TAXES?
OF COURSE YOU WOULD BE BETTER WITH A SINGLE COUNTRYWIDE TAX.
He is great expert on indirect taxes
Mercedes/BMW/ Audi should be cheaper & daily things would be costly if flat rate GST is applied as he says ... then middle class will only suffer.
Looks like Aravind ji is more concerned about businessmen might now won't take CA/Consultants help since the process is being made so easy that after initial hiccups majority would be filing their GST on their own. He might be putting logical reasoning but those running the govt are also pretty highly qualified and debating GST from last 15 years. You might be thinking from your client's POV but Govt has to consider the consensus on Pan India Scale.
Already it has happened in Maharashtra and Tamil Nadu where the state govt is already added their taxes on top of the gst on movie tickets.
there is only one tax but has different nomenclature ie sgst and igst that is half of the tax rates decided
I thought it was 1 nation 1 tax. Then how can states levy tax on a products ?
GST is introduced by Jetley, who is a political enemy of Mr.Modi. He is doing everything to make Mr.Modi unpopular. First demonetization, then GST.
People have endured Demonetization, suffered terribly for months for very little outcome. No action was taken on the black money coming back to India through Mauritius as foreign investments. No action was taken on 380 wilful defaulters as said by the Supreme Court. No action was taken against the people who sent away $2600 billions to Swiss Banks.
if Mr.Modi wants to survive, he must sack jetley and the advisers of the finance Ministry including Jayanta Sinha, one of the creator of the Mauritius loop along with his father Yaswant Sinha and his wife.
vadafone case gone in favour of govt. in high court.. the lawyer in supreme court out smart law.
govt has all right to impose retrospective . India is for Indians and not for foreign company . whatever may be the law FDI will come as India is growing
Nicely explained..
I have a question and i would like answer on it. Let me put up my question through an example to simplify it.
I went to a hotel for a coffee. The rate was INR 40/-. This incident I want to explain is when the GST was implemented and the GST was 18% (9% local + 9% center). I got the bill of 40 + 7.20 = 47.20 total. I paid the bill at counter and asked how old was the menu card printed and the rate not being changed. I came to know it was about 2 yrs old.
Now I want to understand that when that menu card was printed there was no GST implemented. But on products like coffee, sugar, milk there must be some sort of taxes like excise, VAT, octroi (where applicable). So the question that came to my mind was why the actual product rate never decrease as those taxes are now out and if GST has simplified and lessen the tax burden than that coffee rate should be like 30 to 35 and than 18% GST implemented.
Still today I see the rates are same as before the GST and on top of that GST is implemented. When will the actual effect of GST come in play and which government body or sub-body is responsible and on the field to that and show the result in numbers.
absolutly right,even after 5 years of its implementation,we dont see decrease in any items.inflation rate is anyway increasing
A person who is comparing India with Singapore should not be listened to in the first place.
Secondly, being a lawyer representing big firms and cashing in on big fat paychecks fighting for cases for them, Mr Aravind Datar is placed correctly and his statements make complete sense.
Thirdly Any person who justifies the logic that GST should be a single tax system and justifies that the merc/bmw cars should be taxed in the same rate as the bread and butter is as wrong as it gets; and he is doing only so because he is earning crores and crores of rupees and he is justifying in other way to have "proportional taxation in India".
Fourthly: About plugging the loopholes in the taxation system, he wants that the loopholes should exist as is and The govt should not plug the loopholes once they are discovered by the IT officers. Any person who justifying this logic is basically earning the money because of these loopholes. All the systems around the world have loopholes and governments just catches up on that, so that the government does not lose out on revenue after discovering such holes.
If we go by his understanding the FDI in India should be decreasing, but to all our disbelief it is increasing year after year.
He has won cases in Supreme Court ('good for him'), but how he does not say that the big companies who have hired him as the tax lawyer are basically earning huge amounts from India, and they are not willing to pay the taxes due to these companies. If it was upto Mr Datar, and his logic he would not tax the companies at all. After all his is just doing his job as a tax lawyer of big companies. ( Apne namak ka karz ada kar rahe hain Mr Datar).
any body illiterate can become PM CM and FM. plz understand before voting to any foolish who will ruin the whole country economic systems
he may b right wid certain points but the truth is some of d business entities are jst for the purpose of doing hawala dealings... these entities as under d pre GST scenario they ve to file the returns for twice or thrice a year, they gets ample amount of time to receive the unaccounted money from various sources show it as the revenue from sales contrary that the actual sales never took place and then again return that laundered money in white nd get commission on it. If 1 has to file a return in such a small window of time, then it wud become very difficult to launder the money as they ve to show the revenue generated from sales for a very short period of time and any uncertainty in the filed returns would alarm the agencies and then finding the abnormalities wud also be easier for them.. I myself only ve a pinch of knowledge abt taxes, but since I'm trying to get into d business world these r a very few things I got to know... please let me know if I'm right or wrong about it
wow!!! he said logical thing!!!
Arvind sir.. you speak well.. are you planning to join congress?.
there are so many great people worked behind this.. if what you say is right.. i am certain govt will take corrective action.
Great Information.
Terrific stuff !!!
miss. u manmohan. Singhji
small. business men is. killed. by. gst
this. type. of gst. is. not. in. any. country. what. we. HV
lawyer. finance minister. cannot. understand. economy.
The kind of gst he wants govt to to implement will require huuuge majority in both the house, thats impossible in current political scenario
Who all realised this thing by 2021?
Nope not the most terrible, We have Arvind Kejriwal and Mamta Banerjee
dimag khol le...u look intelligent.. they are real fighters..
Q-aim quests
Mamta Bannerjee fighter? lol
she is fighting against india using bangladeshis
even worst mr modi
it will kill small business and will bring disastrous results to economy
yes you are right, it will lead to tax evasion.
Sir you said it.....
its all engagement of people and just a game change such that no new ideas to create jobs this will create some confusion and some people will get jobs related to digitalization and other service for filing GST itself
GST is a technology enabled tax in which there would be no Revenue Leakages... This is a major major advantage as compared to existing law... There may be some hiccups in GST but Rome was not built in a night sir...
Have to think about Building Rome and Building room are entirely different...
49 returns in a year instead of 3 and all online!
Name me one govt website, which has the server capability to handle that sort of traffic!
His basis that GST only succeeds when there is one GST for one country is absolutely correct. What is the point of having new taxes when they do not simplify the taxation regime.
As far as revenue leakages are concerned, believe you me, they will continue to happen. It is the inherent nature of taxation, you cannot change it.
1. These are all technology enabled returns
2. Tax evasion would reduce massively by these technology enabled returns
Dats the problem with the India. People start to defend/oppose anything without knowing any ground realities. You are absolutely right, technology plays an important factor this time. Govt. has learned from previous technological shortcomings or failures and deployed excellent IT infrastructure required to run GST 24*7.
This guy(Aravind Datar) is highly polarized and trying to enforce some political agenda towards the audience. Comparing Singapore/Aus GST's to India is totally absurd. The amount of direct taxes collected in these countries is way higher than we can ever imagine. If GST needs improvement it should be done but negating it totally is just a sign of immaturity.
Yup, lets call the expert 'polarised' because we do not agree with his totally valid comparison with GST being implemented in other countries! (Although the govt probably did heavy research into those countries' gst implementation but how dare he compare us with them!)
As far as the amount of direct taxes collected is concerned, the quantity is immaterial!!
Infact if I am to take the GST implementation in India, one of the reasons' the GOI wants it implemented is to increase the collection of direct taxes!
So your rationale that GST in those countries is different and gets more direct taxes, while our GST is different because we do not get the same amount of direct taxes is flawed, because we precisely as a country, want to end up in a scenario where our collection of direct taxes is exponentially increased!
As far as the IT infrastructure is concerned, we shall have to wait and see for the first couple of quarters after its implementation.
But a govt. that still hasn't been able to cure the problems of its railway booking website during peak 'tatkaal' time, does not inspire much hope.
Wow 2 years down the line whatever he said came to be true. GST also caused a huge collateral damage.
i wish he also gives some suggestion to make taxation more simpler
super 👏👏👏
By this attitude we would be sitting in a cave without the invention of fire and wheel. He quoted Singapore incorrectly. Spreading Lies about GST. He qoted Dr. Ambedkar, now how ambedkar is relevant as fara as economic reforms are concerned. Ambedkar also made smoe very imp. point about reservation, did we followed them?
If it is the most terrible thing that ever happened to a country, how so many countries have implemented it successfully? There are around 160 countries in the world that have GST already in place. India is implemented the GST Law 2017 from July 1st and it has adopted the Dual GST model, the one followed by Canada. Canada successfully implemented it, but in India you want to make everything fail, because the BJP is in power.
what is that word he used at 4:12 ?
appendages
Who said there is just one GST in Canada. They also have multiple tax system like GST which levied by the federal government and HST which is levied by some of the States like Ontario. And then we have some other taxes specified to some states. Plz don't spread rumors people of this country are too naive to understand the benefits of GST. I believe some of your points are valid and I am quite sure that the Government must have studied and evaluated these points to simplify them.
18% service tax.. f#*k man!!
gst is going to be complicated only in india
His demeanor like is a Agent of parallel economic
I think reasoning provided by the erudite speaker is incorrect. First he says why not single tax rate, then he goes on explaining why different states having different requirements still gst has same tax rates for all. isn't the same reasoning valid for different tax rates on different goods as all goods and services are not same. Some goods which are necessary for everybody shouldn't be taxed lesser than sin and luxury goods keeping in view regressive nature of indirect taxes? In case of states, uniform tax rates provides a level playing field so that a company does not have lower tax rate as a consideration for establishing their business in a particular state only. It is not difficult to understand that richer states could have more leverage in this regard if uniform rates are not replied, which is one of the factor of some states advancing quicker than other states. Further he is talking about filing returns and stating a number of returns are to be filed by the units. In this regard, I request the worthy speaker and those consuming this content to please check the law and system first. Most of the returns are auto populated and there are in reality only a few returns to be filed. Moreover, saying that 20 lakhs threshold will have more mushrooming of fake industries in comparison to 10 lakhs is completely irrational. Further if the people are faking earnings isn't it a flaw in people's ethics rather than a lacking of GST? Actually after this I skipped watching this manipulated and technically flawed video. The case presented by the speaker, in my opinion, is pointing towards an agenda to intimidate the industrialist so that they run to consultants and chartered accountants etc. for even those things which are done for free by the taxation department. take for example migration. CBEC does it for free but the consultants and accountants have been able to show the same as cumbersome so the small traders and dealers rushed to them for migration for which they are charging as much as Rs. 6000/-. Causing fear of returns is just nurturing consultancy business and nothing else. No hard feelings towards anyone. Just my opinion.
Sagar sharma very well pointed out !
Padmanava Sengupta just my take on this video buddy.
Make Me Finance Minister I will remove all taxes !!!
Tax less economy Is best economy system !
How to don't beg to make u
if u have guts
go become one
devudu chesina manishi
Our stupid system only has vote bank Policies.
guts se kuchh nahi Hota kai guts wale aaj bhi bhatak rahe hai.
yaha sab Jaati se hota hai
I'm not sure where you got the figure of 49 returns for GST. Please check again. Therefore I stopped watching further.
Kulbhushan Khilare he is right about 49 returns
Dinesh Kumar Takyar Agreed sir, Return is just one per month.
ask your CA
Sunita Rajput there are 3returns per month and not just one... I am practicing tax advicer
For Regular GST Tax Assesses, Monthly 1 GSTR3B, 1 GSTR1, 1 GSTR2 & 1 GSTR3 = Total 4 x 12 = 48 Returns + 1 Annual Return = 49. If the Tax Assessee has branches in multiple States then 49 should be multiplied by the number of States. Thank you.
Mr Datar...Please accept the change and please don't speak ideal situations....!!
Manmohan sir was going to bring GST so you mean to say he is fool ?