Something Worse Than INCOME TAX is Killing You!

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  • Опубліковано 5 лип 2024
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КОМЕНТАРІ • 671

  • @TruthofWisdom9
    @TruthofWisdom9 22 дні тому +90

    Practically, we are paying around 80% in direct and indirect taxes.
    The government is taxing everything, including income tax, fuel tax (about 48%), and even basics like rice, curd, and salts are taxable.
    From morning essentials like toothpaste to nighttime needs like diapers and mosquito repellent, everything is taxed.
    We also have to pay toll charges, road tax, vehicle registration charges, property registration charges, water tax, and property tax.
    So, we can't avoid paying taxes, but what do we get in return? Roads are widely used by all of us, but you can't find a 5-kilometer stretch of road without damage?
    some people use government hospitals and schools. But where is the rest of our tax money going?
    For example, if you are buying one kilogram of Toor Dal, it now costs Rs. 240 per kg. The price of washing liquid has increased from Rs. 60 to Rs. 160.
    We earn Rs. 100 after paying 30% income tax, and then we pay 28% GST on purchases of cool drinks. On top of that, we pay Rs.48 tax per liter of fuel for our bikes. So, where are we headed with these kinds of taxes?

    • @sreenivasulupujari7973
      @sreenivasulupujari7973 22 дні тому +1

      absolutely and clearly explained

    • @sunilj10
      @sunilj10 22 дні тому +1

      Do t forget tolls and bribes too, over and above direct and indirect taxes

    • @dreams_n_destination
      @dreams_n_destination 21 день тому +4

      A 15 lac project in a village (school mess construction by gram pachayat ) is approved by minister on payment of 4 lacs as bribe in advance. another 3 lacs to officers n engineers. remaining 8 lacs has 1.5 lac profit of builder. final work wil b done of 6.5 lacs. this is reality

    • @48038
      @48038 21 день тому +1

      Rightlying said

    • @beemapramod
      @beemapramod 20 днів тому

      ​@@abcxyzyt1 as if there are no taxes in UPA govt

  • @basavanna11
    @basavanna11 22 дні тому +99

    Even 18% GST on health insurance premium charges

    • @herohero3059
      @herohero3059 22 дні тому +7

      So true..not at all fair

    • @samuelimmanuel718
      @samuelimmanuel718 21 день тому +1

      @@basavanna11
      That is our Govt's commitment to provide sky-high health care coverage. Another ploy is to reduce population growth!!

    • @sreenathgopinathan4002
      @sreenathgopinathan4002 16 днів тому +1

      Government should stop / abolish input tax credit of GST.
      Then they should charge GST at a flat rate of 5%
      Higher slabs like 12%, 18%, 28% etc should be abolished

  • @sudhakar1dw
    @sudhakar1dw 22 дні тому +44

    Subramanya swamy should be made the FM, he is the one person who wants to abolish Income Tax, which is anyways a very small % of the revenue which center is making.

    • @doncorleone3901
      @doncorleone3901 22 дні тому +4

      Income tax collected can't even pay for the salary of IT department which is a white elephant. That's how ridiculous the IT scene is

    • @sunilj10
      @sunilj10 22 дні тому +6

      Modi also had said he wanted to abolish income tax but he figured that guarantee is now jhumla

    • @criscrosxxx
      @criscrosxxx 19 днів тому

      26% of revenue

    • @redemptionneeded
      @redemptionneeded 3 дні тому

      19% is not small - we are getting squeezed! 1.6% of population paying 19% of taxes is just ridiculous

  • @sagarchava2147
    @sagarchava2147 22 дні тому +35

    The real problem is 1) "PhD Holders are willing to do GOVT PEON job" 2) "21 Y graduates having 0 experience are getting appointed as IAS officer s" 3) I have seen "JUDGE having NO maturity, NO experience" 4) "Well educated and experienced people lost their JOBs" ...

    • @48038
      @48038 21 день тому +3

      If you claim country as Vishwaguru this may be the norm

    • @nishikantjamdar6219
      @nishikantjamdar6219 18 днів тому +1

      Very true. Thank you very much for giving touch to this issue.

  • @jaikumar848
    @jaikumar848 23 дні тому +142

    Sunder sir ! Main problem is not tax . main problem is return on taxes which is lowest in india compare to world

    • @harishkiran3663
      @harishkiran3663 23 дні тому +3

      Dumbness😂😂😂

    • @DataAnalyticsPro21
      @DataAnalyticsPro21 22 дні тому +2

      True

    • @birendraprasad
      @birendraprasad 22 дні тому +6

      What a joke... sir where is incomes in india.... except 50 lakh people..😂😂😂😂😂

    • @jaikumar848
      @jaikumar848 22 дні тому

      @@user-qq9et7sd1t elobrate what does wages tax means ?

    • @tahseenahmad7574
      @tahseenahmad7574 22 дні тому +13

      Even a beggar is paying gst and the Government is getting indirect taxes . 😅

  • @dreams_n_destination
    @dreams_n_destination 21 день тому +10

    A 15 lac project in a village (school mess construction by gram pachayat ) is approved by minister on payment of 4 lacs as bribe in advance. another 3 lacs to officers n engineers. remaining 8 lacs has 1.5 lac profit of builder. final work wil b done of 6.5 lacs instead of 15 lacs. this is reality

  • @mucherlaganesh6526
    @mucherlaganesh6526 22 дні тому +13

    I am from business community. Even before GST there were state taxes which are high and no transparency. Sir, you are saying that as if there are no taxes before GST which is not true.

    • @sgn4525
      @sgn4525 16 днів тому

      @@mucherlaganesh6526 Totally true

  • @dreams_n_destination
    @dreams_n_destination 22 дні тому +11

    Govt. of India is running a debt ridden economy...
    it is going to increase taxes every year to pay EMIs of loan taken from world bank. Politicians don't pay from their pockets

    • @BalanceLife-cb8bb
      @BalanceLife-cb8bb 14 днів тому +1

      100% agree but what measures the government is taking?
      Big people are enjoying themselves and small people are suffering.

  • @Ganesh_K4
    @Ganesh_K4 22 дні тому +12

    Finance minister i am not eating biscuits so i am unaware of this example

  • @thepurrfectcat
    @thepurrfectcat 23 дні тому +66

    This Govt is a tax scavengers. 28% gst, gst on EMI also it's a repayment of the loan, why should there be gst on that. No free education, no free hospital facilities.... And so on.

    • @saarassc
      @saarassc 22 дні тому +4

      GST on EMI is for the interest component which was given to you as a service by the bank.
      The principle component doesn't get included. Check your statements.

    • @manupandit3864
      @manupandit3864 22 дні тому +5

      @@saarassche is right. Justifying taxes a citizen of a country is counterproductive and insane

    • @saarassc
      @saarassc 22 дні тому +1

      @@manupandit3864 he is right but my comment was only on EMI not the entirety.

    • @prakashgn9028
      @prakashgn9028 22 дні тому +5

      Correct.But one correction. Free education and free health is there, but it's NOT QUALITY free education and health.

    • @thepurrfectcat
      @thepurrfectcat 22 дні тому +2

      ​@@saarassc it is not income for me it's a payment... Bank should pay without charging us as it's income for them but it's cash out flow for us.

  • @syams84
    @syams84 22 дні тому +8

    A lot of them are charging GST but don't pay to government

  • @EmreBercem
    @EmreBercem 22 дні тому +188

    I have a fairly large holding of AMS51V. And 90% or it is because I believe in the asset itself. Its actually the chain that makes me want to dev on top of it and learn Haskell.

  • @udaygaikwad5282
    @udaygaikwad5282 23 дні тому +49

    GST on restaurant is only 5 percent but old VAT was 12.5 percent in almost every state

    • @haris1328
      @haris1328 22 дні тому +2

      Entry into a govt park carries fees plus gst, correction in addhar card has fees plus gst, how do u explain these

    • @udaygaikwad5282
      @udaygaikwad5282 22 дні тому +4

      @@haris1328 All are very small amounts . So GST on these do not hit our pockets . Also GST cannot be part of Central Govt budget as GST is collectively decided by all the states . Central Government has only 1 vote as same as each state . So all the states and Central collectively decide on GST rates in the GST council meeting . Earlier Input Credit of VAT on goods purchased from other states were not available , currently it available . It's a huge difference .Earlier there was a State Tax on electricity sale and even now the sale of electric power is not in GST . You may check your monthly bill. Also we pay restaurant charges more repeatadely than park entry fees and Aadhar Card correction is very very rare

    • @user-qq9et7sd1t
      @user-qq9et7sd1t 22 дні тому

      ​​@@udaygaikwad5282refer the vote weightage in gst council. Do not misinterpret the data as one vote for union govt. That one vote has one third of vote weightage. Means 33.3%

    • @naraharisharma8667
      @naraharisharma8667 22 дні тому

      It will happen if voting herd goes behind freebies, do you think winners give from their pockets, we all need to vote properly, see the spate of KARNATAKA, gaand mar rahe hain, increasing all taxes and petrol diesel price hikes

    • @kumargopalakrishnan1697
      @kumargopalakrishnan1697 22 дні тому

      True.

  • @bashokvalanmobile676
    @bashokvalanmobile676 22 дні тому +21

    Trading Ban for another year is ready for Mr. PR Sundar😂😂😂

    • @valimikitelugutrading3287
      @valimikitelugutrading3287 22 дні тому +3

      Yes don't talk truths in BJP govt

    • @beemapramod
      @beemapramod 20 днів тому

      ​@@valimikitelugutrading3287any such bans in the past?

    • @sandipmaurya7371
      @sandipmaurya7371 19 днів тому

      Tum bevkoof ho kya.
      Taxation is done by the central government. Your papa modi is already taxing before it even goes to tamilnadu.

  • @Finvest-f2k
    @Finvest-f2k 22 дні тому +24

    Even if government removes GST on products and services now all the manufacturers or service providers will increase their price and they will ensure to increase their pofits rather than benefiting customers or end users..irony

    • @praneethjayasimha5943
      @praneethjayasimha5943 22 дні тому +2

      if govt removes gst, who will build roads?

    • @peeps01
      @peeps01 22 дні тому +6

      @@praneethjayasimha5943 have you forgotten that now roads are build by collecting toll charges.. then why pay gst.. its like you pay tax to build roads and contracts are given to private players & then you are charged to use that very road which was built out of your taxes... :P

    • @ganeshchandrapal
      @ganeshchandrapal 22 дні тому +3

      But, when Profit Margine increase market compition will automatically reduce profit margin. you should consider it.

  • @shivaramkm
    @shivaramkm 22 дні тому +5

    GST on credit card EMI of 24% is unacceptable. This govt must collapse😊

    • @praneethjayasimha5943
      @praneethjayasimha5943 22 дні тому

      lol thats not gst, its an interest rate

    • @shivaramkm
      @shivaramkm 22 дні тому

      @@praneethjayasimha5943 have you ever paid GST on Credit card EMI. Idiot

    • @shivaramkm
      @shivaramkm 22 дні тому

      @@praneethjayasimha5943 stupid.. if you want google

  • @termsterms7211
    @termsterms7211 22 дні тому +5

    What is your solution?
    Saloon or other biz no gst upto 20 lakh
    Or gst should charge based on income tax slab?
    Pls explain

  • @sgn4525
    @sgn4525 22 дні тому +30

    Summary is by being located in Dubai and Singapore NRIs can avoid income taxes but they can't avoid GST 😂

  • @mr_virk
    @mr_virk 22 дні тому +15

    I already knew this but no one was talking about. You are the only person, talking about real problem.🎉

  • @anupamtripathifinance
    @anupamtripathifinance 17 днів тому +1

    Mr Sundar is absolutely right. His recommendations to raise GST exemptions from 20 lakha to 2 crore make a lot of sense. He is right.

  • @kumargopalakrishnan1697
    @kumargopalakrishnan1697 22 дні тому +3

    What is the Cost of Cream Biscuit, petrol and diesel Before GST . Before 2017. So many Taxation there.

  • @vinodrandhave2010
    @vinodrandhave2010 22 дні тому +4

    Solution : No GST on food items medicines loans. Flat 5% on every other service. 25 % Luxury goods & services.

  • @kreshnarredy
    @kreshnarredy 23 дні тому +2

    for salon shop has more than 20L trunover?

  • @agytjax
    @agytjax 22 дні тому +4

    That's why all the sensible people are flying off to the US and the middle east !

    • @praneethjayasimha5943
      @praneethjayasimha5943 22 дні тому +1

      people expect govt not to collect tax but expect govt to build nice roads

    • @narendravasan2806
      @narendravasan2806 22 дні тому +1

      @@praneethjayasimha5943 Wah Andh Bhakth, Wah. Tumhare bhakthi pe hum prasanna hue.

    • @jayaramanpr8159
      @jayaramanpr8159 21 день тому +2

      Only building roads will not make India a great nation. Thete are somany issues to be seen and attended to in India immediately.

    • @nilanchal1982
      @nilanchal1982 19 днів тому

      ​@@praneethjayasimha5943Dear bro roads are constructed by takeng loans and then the loan is repaid by collecting toll tax. Govt is not spending anything from their income.

    • @praneethjayasimha5943
      @praneethjayasimha5943 18 днів тому

      @@nilanchal1982 when did you pay toll in your city, town, or village?

  • @missiontopray
    @missiontopray 22 дні тому +4

    Totally agree that GST is the hidden culprit, and has a bigger impact that IT. GST has a cascading effect, due to the multiple levels of distribution, and this goes in a loop and feeds inflation.
    The poorest are impacted unfairly with GST add to it impact of inflation.
    Increasing the threshold limit and Rationalising the tax percentage to 3 rates, bringing petroleum products in GST without green, black and blue cess, will help quality of life from the lowest to the top.
    Regarding Auto and it's GST that's the biggest joke...
    Above 4m we have a rate, above 1500cc engine capacity another rate, the speedometer on average shows 200km on a car, but the permissable speed limit is 100km/hr at Max.
    So Auto Excise , GST , RTO taxes and the fines for going above 80km, add in the Cess driven fuel costs we end up paying more than the capital for the car in about 2.5 years.
    We the customers are collectively stupid to put up with this...
    For IT less said the better, Over the years Finance ministry has mastered the art of complicating filing.
    New Regime Vs Old Regime, take away first with TDS and reimburse with exemptions.
    Taxes whether direct or indirect must work on the principle of being simple on qualifying thresholds, lower and lesser number of rates, simple in process to claim inputs and filing, and should not spill over to fuel inflation with cascading effect, lowering rates will stimulate better collections and drive to generate funds needed for the Capex and consumption, it will eliminate tax evaders, and only then will the spirit of self assessment work.
    Right now and in my opinion Govt advertising on self assessment and reminders of honesty, contributions to nation building are misdirected as with these process, tax rates, and inflation feeding tax policies there is less incentive for any unbiased self assessment.

  • @bitwamet
    @bitwamet 22 дні тому +2

    customer is paying the GST whether turnover is 20lakh or not...I doubt what you are saying then our GST goes to shop owner not to the government by collecting from us

  • @advarunathakkar2614
    @advarunathakkar2614 22 дні тому

    ITC that is INPUT TAX CREDIT is available on Capital goods for 5 years ?

  • @KamalSingh-jp9gz
    @KamalSingh-jp9gz 22 дні тому

    Never heard of XAI80K. Can someone please explain? Appreciate it...

  • @clipskt
    @clipskt 22 дні тому +2

    Well said. Admired by the way you think of these regulations ❤❤❤

  • @manfromearth4346
    @manfromearth4346 22 дні тому +1

    Indirect taxation is just too high in India. Investors are paying STT on buy and sell side and on top of that paying stcg/ltcg. Indexation benefit also removed. My baby’s infant feeding milk prices increase 50 rs every 2weeks.

  • @sam271183
    @sam271183 22 дні тому

    Thank you for sharing such valuable insight! Couldnt agree more!

  • @prakasamrg7884
    @prakasamrg7884 22 дні тому

    One has to understand that the taxes subsumed in GST include Central Excise Duty, Service Tax, VAT, and several other taxes.

  • @dindon8550
    @dindon8550 23 дні тому +26

    Sir Biggest problem is only 1 percent people are paying... Any govt are trying to squeeze from this working 1 percent. But if you closely notice, May small business like sweet shops, roadside shops, small snacks shops, Auto rickshaw owners, Small builders, Tea shops, Biriyani shops and all the markets in T Nagar, Parrys corner, Poonamalee no one is paying any taxes. They are just consuming benefits from Govt freebies. Every govt is scared to go ask Tax. Even Big rich farmland like more than 100 Acres are not paying taxes and enjoying freebies and tax free . Think about it sir.
    Now who is going to ask them as they are voters and either State or Central is not going to ask Tax them as they will not vote. Every Govt should focus on increasing the Direct Tax paying people through some limitation rather than just squeesing direct and indirect taxes

    • @vikasnairv1
      @vikasnairv1 22 дні тому

      Dear sundar....u promote those who hv capital to other world market....let the gov learn a lesson

    • @krsk20
      @krsk20 22 дні тому +1

      very well said, ours is a democracy, we only have elections and elections in mind. No one is bothered,

    • @yeshwantphatak4709
      @yeshwantphatak4709 22 дні тому +1

      With gst everybody is paying

  • @goodfriend25
    @goodfriend25 22 дні тому +1

    How much tax on tur dal? Is it 50%?

  • @cmarajeshkumar9391
    @cmarajeshkumar9391 19 днів тому

    For small businesses, composition scheme covers upto 1.5 cr turnover and the GST rate for them is 1%. .

  • @badarikrishna3169
    @badarikrishna3169 15 днів тому

    Travel cost between Mysore and Bangalore in Volvo AC bus was 290 rupees in 2019 within two years price got hiked to 330 rupees giving covid reason and then after Expressway opened it jumped to 360 and later 390 giving a reason that toll prices have increased. Within two years you see a 34% increase. No wonder intellectual people who manage their own finances are leaving the country.

  • @pr4179
    @pr4179 23 дні тому

    very nice and insightful information.

  • @sumitmadan1
    @sumitmadan1 22 дні тому

    In presumptive taxation for service, 50% of turnover is considered as profit. Please rectify the information in the video.

  • @murubalaji
    @murubalaji 22 дні тому

    Sir, your view is correct theoretically. When GST was brought in at 5% for restaurants , I remember these hotel guys raising the price by 5% blaming GST. Say a dosa was charged at 100 earlier which includes 12.5% sales tax , government expected the price to come down by 7.5%. But the hotel guys started to charge 105 Rs. and started blaming GST. Govt had to give warnings to mitigate the situation. So based on your suggestion , if we give increase the limit for GST, what is the guarantee that business will pass on the benefit?

  • @vs9324
    @vs9324 22 дні тому

    If MSME segment is to be given a boost, GST limit should be increased to 1 crore for manufacturing sector and 50 lakhs for service sector BUT for such people there should be a bank transaction tax of 1% on every payment made or transfer done from the account.

  • @manishdhankhode7686
    @manishdhankhode7686 22 дні тому

    Sir..when GST collection increases market goes up. So is our profit...which kind of compensates for the money spent as GST...

  • @VilashMarve
    @VilashMarve 22 дні тому

    Just swapped all of my last ETH and swapped it into XAI80K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

  • @kumargopalakrishnan1697
    @kumargopalakrishnan1697 22 дні тому +1

    What is the Earning in 2012 . What is Now ? PR Sundar. Both are same??😮😮

  • @Deepak_view
    @Deepak_view 19 днів тому

    Sir, As a NRI YOU TRADE FROM DUBAI HOW MUCH MARGIN, TAX IN TRADING IN INDIAN STOCK MARKET AND DO NRI NEED TO FILE INCOME RETURN

  • @narendravasan2806
    @narendravasan2806 22 дні тому +3

    I have only watched 50% of this video & i am more or less sure there will be a group of Andh Bhakts who are the supreme leader's cheer leaders would either justify the increase by giving their own theory and another group who would be calling out PR Sundar a DMK supporter & calling him names. These Andh Bhakts do not want to listen to the truth.
    I will watch the remaining part of this video & see all those hate spread by the Andh Bhakts. God give you all Andh bhakts some grey matter at least in your next birth.

  • @abhishekmallya
    @abhishekmallya 22 дні тому

    Not sure how you are comparing salaried income tax vs presumptive income tax. He has also got deductions benefits which salaried person is not getting.

  • @mraj9404
    @mraj9404 23 дні тому +5

    Your whole video is addressed to the business community. GST does not affect service provider. It affects service takers who have to pay exorbitant rates. You can fight for rates reductions for service sector altogether for rates 5-12% ( gambling activities may be charged higher to discourage ). Present 18% rate is like slaying common man.

    • @saarassc
      @saarassc 22 дні тому

      Yes this should be reduced, service tax era it was 12% then increased to 14.5% and post GST it has come to 18%.
      Ideal rate could be between 10 to 12%

    • @fulltimefrontend
      @fulltimefrontend 22 дні тому

      Wrong, he said to the point that no one (Business or service provider) can afford to remove GST, becuase even at 10k profits he has to charge GST to the end user otherwise he is paying 20% from his pockets. Hence this adds to overall inflation and end users paying higher for goods and services

  • @prasadjoshi8453
    @prasadjoshi8453 22 дні тому

    Vanakkam Sir 🙏
    It is totally different eye opening information.
    You taught new angle to look at taxation.👍

  • @ashish523
    @ashish523 22 дні тому

    I am thinking this will take around three weeks to get above the 21 wema as the level we dropped to also is around the 50percent from the last weekly swing bottom. its time to buy More XAI80K and BTC.

  • @bharatnanavati7271
    @bharatnanavati7271 23 дні тому +5

    Why expenditure tax is not introduced instead of Income tax because millinor are not paying taxes and purchased costly items. Farmers and other people who are earning more but not showing in return because earning black money

    • @saarassc
      @saarassc 22 дні тому

      Sir this expenditure tax is GST which all consumers pay.
      The Income and TDS concept is easy to implement but expenditure tax is too complicated as someone is spending without the information of the source.
      So in economics there's GDP and GDE(do research)and all growth is calculated by GDP and not by GDE.

  • @padmanabhansaravanan5118
    @padmanabhansaravanan5118 22 дні тому +1

    Well explanned sir. Its very very mportant for those listenrs. Hats off

  • @mofavaz6011
    @mofavaz6011 22 дні тому +4

    I have closed my GST registration for my IT services company and started a company in Dubai. I used to work there before, and came to India start something and spent time with my family, both are not doing well. I have been running this firm for over 3 years now in India. The 18% GST rate is crippling our business; larger firms charge less and pose as competitors to our business. Treating firms earning between 20-50 lakhs per annum and those earning 20-50 crores per annum the same seems unfair. Now, even the accounting firm criticizes me, saying, 'Now you are free from the hassle of GST, no more running around to arrange funds during annual closings.'

  • @BaverMustafa
    @BaverMustafa 22 дні тому

    Depends on your finances . 1000$ in AMS51V$ is 4000 AMS51V$ if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.

  • @kiranprasad1913
    @kiranprasad1913 19 днів тому

    Fifteen years back rice per kg was 40 now it is 70. Fifteen years back dosa in indraprastha (Vijaynagar, Bangalore) was 40 now it is 80.

  • @mithunmithun9997
    @mithunmithun9997 22 дні тому

    Dear Mr. PR Sundar, you are my teacher, guru, inspiration and hero in so many ways. God bless you Sir. Thank you so sharing priceless knowledge and truth that is incredibly hard to find.

  • @saravanaprabu8475
    @saravanaprabu8475 22 дні тому

    Problem with gst is if gst reduced the fmcg company will mark up price n not reduce mrp at all seen on 2017-2019 when some items gst reduced, similarly businesses can claim expenses bringing down profit wch not possible for salaried

  • @nitinchaddha6482
    @nitinchaddha6482 22 дні тому

    Since GST is a indirect tax so no issues how much a person is earn he has to charge it from customer so nothing is related with income

  • @bhawanirampatidar1637
    @bhawanirampatidar1637 22 дні тому

    Very good points raised.

  • @user-jr4uf4xp7w
    @user-jr4uf4xp7w 22 дні тому

    Two' things to note sir, rates of dosa was not less than. 25 ,at that time
    Second solution to this IT is in IT only and. All income earned anywhere in the world during a financial year is to be taken and normal tax is to be changed for everyone without giving any room to evade tax

  • @eudee21
    @eudee21 22 дні тому

    I know some countries where there is no gst on food products . This will go a long way in tackling food inflation.

  • @mallaiahk7275
    @mallaiahk7275 22 дні тому

    Sir, Inflation rate to be calculated on compounding basis . You missed that point. If you take into compounding effect , DOSA rate is very much reasonable and very well within limits.

    • @narendravasan2806
      @narendravasan2806 22 дні тому

      Wah Andh Bhakth, Wah. Tumhare bhakthi pe hum prasanna hue.

  • @shankarav3026
    @shankarav3026 21 день тому

    Even if limit is increased what's is the guarantee that merchant will not collect GST from you

  • @prasadjs9433
    @prasadjs9433 22 дні тому

    Great insight Mr PR Sundar !

  • @rajeshkumarpancholi9819
    @rajeshkumarpancholi9819 22 дні тому +12

    Only sale tax must be in India not income tax.

    • @tashibhutia5902
      @tashibhutia5902 22 дні тому +1

      😊 I vouch for that and Income tax mandatory for only government employees.

  • @2008ees2332
    @2008ees2332 22 дні тому +1

    Hope is the worst enemy in stock market as per Mr. Sundar, and he hope our honorable finance minister is watching this video.

    • @narendravasan2806
      @narendravasan2806 22 дні тому

      No Use. Our honorable FM needs some grey matter to present in the top floor to act which is missing. So dont expect her to do anything.

  • @harshitrastogi866
    @harshitrastogi866 22 дні тому

    In 2010 I have purchased moong dal at 90 rs a kg it is now 120 so what can u infer from this
    Inflation is calculated from basket of things not just pulses and oil

  • @umangdave1877
    @umangdave1877 22 дні тому

    Sirji namaste 🙏 and thanks for your knowledge sharing 🙏

  • @abhisheksaurv
    @abhisheksaurv 22 дні тому

    Every employee is also a vendor. They should be allowed to take GST input credit on purchases. Employees are paying more taxes.

  • @keanuroy
    @keanuroy 22 дні тому +1

    Did I hear this right? Restaurant dosa prices as a benchmark for inflation?

  • @vng61
    @vng61 22 дні тому

    Thank you sir .An eye opener

  • @rejimanalil5396
    @rejimanalil5396 22 дні тому +1

    Great effort sir. Middle class families are suffering too much from GST. But what to do n where to express our grievances.

  • @RameshOman-g3i
    @RameshOman-g3i 22 дні тому

    What about state taxes paid earlier? We used to pay more taxes than GST earlier. GST is not greater than that.

  • @shortfilmzone8170
    @shortfilmzone8170 22 дні тому +1

    That is the main problem in our country sir that's why becoming rich in our country is more difficult than other countries..people like you should aware the public that leads to force to government to think

  • @AsrafulAlom-sz1wj
    @AsrafulAlom-sz1wj 22 дні тому

    You said you think that a XAI80K will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?

  • @SameerSalmani-ki5sc
    @SameerSalmani-ki5sc 22 дні тому

    institutional buying into XAI80K could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

  • @yskolhar
    @yskolhar 20 днів тому

    Is there any GST on pulses???
    If at all it’s there in packed Dal it’s 5% only

  • @sats0165
    @sats0165 22 дні тому

    Sir gst is governed by gst council including finance ministers from all the states. These state FM s are not agreeing for bringing the petroleum products under gst. Whether they will agree for this. But as per your suggestion central FM should really bring this on table and see if there is consensus from all the state FMs.

  • @jaganmohan3720
    @jaganmohan3720 22 дні тому

    Very nicely explained by you sir. But in Singapore, I understand it is very difficult to buy caR without govt approval . In India, it is easy. Also if GST exemption is given to small vendors, will they pass on the price benifits to customers?

  • @VishwanathTadasad
    @VishwanathTadasad 21 день тому

    Sir if the saloon or hotel puts AC, they have to pay GST 28% (pass it onto customers)

  • @VenkatYvs
    @VenkatYvs 22 дні тому +1

    A2B increased cost of coffee from 36 to 42 this month... I noticed several items in few hotels increased in last 30 days... I am job less for 3 months and I am seeing only GST costing me a lot.... out of 100 rs more than 30 rs going in gst in my spendings ....

    • @VenkatYvs
      @VenkatYvs 22 дні тому

      Akshyam hotel increased lunch meals from 140 to 150 this month, qty of several items reduced but costing 80 to 100 rs ... i had to stop eating in these places .... started eating in road side shops !!!!!

    • @VenkatYvs
      @VenkatYvs 22 дні тому

      size of tea or coffee tumbler is sooooo small these days

  • @KrishnaMurthy-wv7md
    @KrishnaMurthy-wv7md 22 дні тому +1

    Critic makes everyone think. So all should take things in a positive way and provide solution to the problem. The pain will be felt only by pinch.

  • @JsmARmy-um6kh
    @JsmARmy-um6kh 22 дні тому

    I see XAI80K everywhere. Could someone help explain what XAI80K is?

  • @anshsaini640
    @anshsaini640 22 дні тому

    I believe XAI80K will conservatively hit $5.00 by 2025. That's a 20x return from it's current price with very little downside. I'm buying all I can.

  • @vishu7691
    @vishu7691 23 дні тому

    how many people are paying tax.. .. you are always thinking of your benefit...

  • @NirajKedar
    @NirajKedar 17 днів тому

    Income taxes have failed in India as about 2% of the population actually pays taxes. Personal income should be abolished. What happened to Banking transaction tax which is a consumption based tax? We have the digital infra and also the acceptance of mobile phones, needed to make this happen. Abolish the 500Rs notes and keep the max denomination as either 100 or even just 50. Most of the transactions should happen digitally and impose a small transaction tax on each transaction.. This can eventually replace GST also..

  • @girishv1904
    @girishv1904 22 дні тому

    Correct sir....u know very well about economics tq once again for educating us

  • @srrikanthsanthanam1460
    @srrikanthsanthanam1460 22 дні тому

    Inflation results in increase in income with a years delay. Salary of a person 15 years ago has turned atleast 2.5 times to 3 times higher now. Increasing limit for GST will reduce tax income to government. Unlike corporate and private company employees, government employees get hike once a while. Lower taxes leas to increased borrowings by government. It's a vicious circle. Government is also like an individual who manages situations under borrowing conditions

    • @fulltimefrontend
      @fulltimefrontend 22 дні тому

      under the assumption that there are opportunities in the economy, currently there are none, so your premise is incorrect. Why dont you compare your slaary comparison with Real value of money a.k.a gold rate. The real earnings have gone down, current is the worst and most corrupt goverment of independent India.

  • @thatspiritualhumane
    @thatspiritualhumane 23 дні тому

    Excellent awareness video

  • @vamsikothwali9222
    @vamsikothwali9222 22 дні тому

    Well said.

  • @badcaption143
    @badcaption143 22 дні тому

    I see XAI80K everywhere. Could someone explain what XAI80K is?

  • @rajeevjain6644
    @rajeevjain6644 23 дні тому +2

    Union budget presentation on 23/07/2024.

  • @muralidharchalapathy7855
    @muralidharchalapathy7855 22 дні тому

    Even before GST there was indirect taxes with each state imposing it according to it's whims and fancies. It's just that they're are streamlined and better mechanism of collecting and monitoring in place now. So problem is not with GST.
    Problem is with the corrupt system and complicated procedures. Need more and more transparency.
    Rates have to be rationalized.

  • @balanh1269
    @balanh1269 22 дні тому

    On top of gst, there are taxes and cesses on everything that a business does. And then so many other costs that we expect in retun for the taxes. Like:
    1. Nameboards outside the shop need corporation license sticker
    2. Food and non-food waste collection had a collection charge
    3. If power supply goes out, we have to bring a power unit for the day. Solar panels don't get subsidies even if we decide to pay for it
    4. If water supply is disrupted, we have to call water tanks mafias. This is in addition to multiple plastic tanks installed on the rooftop at our cost
    5. Drainage gets blocked in the street and we have to get our own plumber to clear it. Have to do road cutting and tarring if the drain is on the other side
    6. Unsightly mess of wires and posts and banners covering the building and the shop
    7. Have to clear the road and premises of garbage everyday
    8. Pay all kinds of people who walk in for "donations" which are not really voluntary
    I am amazed how business manage to survive this onslaught of direct and indirect taxes day in and day out. No wonder so many of them fail

  • @harmoniumtantra9834
    @harmoniumtantra9834 22 дні тому

    What will happen if All Types of Taxss are made Zero Permenantly and renoved totally for ever ? and Even toll, vat, ITR everythig is totally removed and made Zero ???? What will happen ????

    • @48038
      @48038 21 день тому

      Before independence our ancestors were slaves of monarchy & inequality After independence we citizens are victim of casteism communalism terrorism corruption share market frauds banking frauds tax terrorism low wages & so on....

  • @SKYHIGHLtd
    @SKYHIGHLtd 21 день тому

    Sir , does a service man claim GST credit, whereas a business man can? Kindly revalidate the figure with this concept

  • @LoganathanPandian
    @LoganathanPandian 22 дні тому

    Thank you for clear explanation on GST

  • @user-wy3fn3tr5b
    @user-wy3fn3tr5b 22 дні тому

    Very good calls regarding XAI80K! It’s now either make it or break it for XAI80K ! I would love to hear what are your targets moving up.

  • @95mukesh
    @95mukesh 22 дні тому +1

    The whole video can be explained in a sentence. The government has ruined the MSME sector.

  • @pahlajraisinghani2444
    @pahlajraisinghani2444 22 дні тому +1

    It is not only GST, everyone wants high margins in India with big chain of supplies wholesaler, semi and retailer and farmer. Gst on daal etc is very low 5%. So your logic does not make sense.
    Oppositions create so much ruckus on Pension scheme which is becoming big burden on india with most govt / municipalities being most inefficient and hardly functioning.. Sad state. No political party works for middle class people..

  • @RajKumar-gq3tn
    @RajKumar-gq3tn 22 дні тому +1

    Even my health insurance charging 18% why can’t government omit particular sectors.. not fair on all sectors to charge gst