Goods and Services Tax Part – 2

Continuation from part – 1……

There are three types of GST in the whole system. The first one is CGST (Central Goods and Services Tax), second SGST (State Goods and Services Tax), and third IGST (Integrated Goods and Services Tax).

CGST और SGST दोनों को paisa 50-50 percent बाटा jata है l IGST directly Central Government ke pass जाता है l Central government IGST ka kuch hissa apne pass रखती है और बाकी State Governments bata जाता है l

CGST is a tax levied on Intra State supplies of both goods and services by the Central Government and will be governed by CGST Act. Central Government apne हिस्से me आए hue revenue का 42% state ko as a Compensation ke तौर पर देती है l Compensation kyu? Jab se Government of India ne GST को introduce किया है तबसे State Government ka काफी revenue kam हो गया so, the central government gives 42% of what central government received. Central Government spends more money through Central Sponsored Schemes nearly 8-9 percent into the state. So after the calculation State Government approximately gets 80% and the remaining is retained by Central Government.

SGST is a tax levied on Intra State supplies of both goods and services by the State Government and will be governed by the SGST. इस revenue को use करनेकी authority state government की होती है l

IGST is a tax levied on all Inter-State supplies of goods and/or services and will be governed by the IGST Act. IGST is further distributed among state governments.

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Slabs in GST

There are total 5 slabs in GST i.e. 0%, 5%, 12%, 18%, and 28%. GST council suggests changes in slabs to the Government of India. 2018 के protest के बाद sanitary napkin को 0% tax slab मे introduce किया गया l

No Tax (0%) = 7% of goods and services fall under this category. Some of there that are regular consumption include fresh fruits and vegetables🥗, milk🍼, buttermilk, curd, natural honey🍯, flour, etc.

5% Tax Slab = 14% of goods and services fall under this category. Some of these apparel below INR 1000 and footwear below INR 500, packed food items, cream skimmed milk powder, branded paneer, frozen vegetables, coffee☕️, tea🍵, spices🌶️, and much more.

12% Tax Slab = Edibles like frozen meat products🍖, butter, cheese🧀, ghee, dry fruits in packaged form, animal fat sausages, fruits juices🍹, namkeen, ketchup and sauces, ayurvedic medicine, all diagnostic kits and reagents, cellphones📱, spoons, forks, etc. are included in this category.

18% Tax Slab = 43% of goods and services fall under this category. Pasta, biscuits🍪, cornflakes, pastries and cakes🍰, preserved vegetables, jams, soups, ice cream🍨, mayonnaise, mixed condiments and seasoning, mineral water, footwear costing more than INR 500, camera, speaker, monitors, printers, and much more are included in this category.

28% Tax Slab = 19% of goods and services fall under this category. The rest of edibles like chewing gum, bidi, molasses, chocolate not containing cocoa, waffles, and wafers coated with chocolates, aerated water, water heater, private lottery, and movie tickets above INR 100, etc. have been clubbed together under the 28% GST slab.

Some goods like Petroleum products, alcohol for human consumption, etc are not included yet.

Concerns about GST

As from the whole, we understand that 50-50% GST central और state government ko मिलता है l Central government मिले हुए paiso मे से 42% state ko transfer करती है इसे Tax Devolution kaha जाता है l 2013 मे 14th Finance Commission ne यह recommend किया था l Issilye हम assume kar सकते है कि हमारा paisa यहां जाता होगा l Lekin aisa hona काफी मुश्किल है l GST ko implement karne ke bad सबसे बड़ी revenue problems state government ko hua. State ke pass revenue kam था issilye as a compensation Central Government ने state government को दो choices दिए l

1) State can borrow ₹97 thousand crores from the special provision of the central government.
2) State can borrow ₹2.35 lakh crores with interest from the central government.

State government ko अपने ही paiso के लिए loan lena पड़ रहा है l Issi तरह same situation Central Sponsored Scheme की है जहा Indian budget me इसकी कोई जगह नहीं है aur state government ke pass koi revenue नहीं है l

GST के वजहसे small traders ko काफी तकलीफ उठानी पड़ी l Issi वजह से kafi businesses बंद हुए l GST creates confusion among traders. GST यह tax desh ka सबसे बड़ा tax reform था issiliye GST ke sahi implementation और जादा time लगेगा l Otherwise aap iss tax के bareme kya views rakhte ho hame जरूर बताए l There are some suggestions from Acharya Chanakya below.

Suggestions from Acharya Chanakya🤔

• Taxation should not be a painful process for the people.
• There should be leniency and caution while deciding the tax structure.
• Ideally, governments should collect taxes like a honey bee, which sucks just the right amount of honey so that both can survive.
• Taxes should be collected in small and not in large proportions.

ll 🙏🏻 धन्यवाद 🙏🏻 ll

– j₹k