The Great Indian Political Drama - 1 (Oct 2017 - Mar 2018)

[Singha]

Thermo nuclear new series of tests over weekend
He will explain rationale behind it

[jamwal]

Perhaps he wI'll declare some of following :

1. Some relief in income tax

2. Assurance or a new scheme for GST

3. My wish : announcement of new nuclear weapon tests.

4. Some new welfare schemes affecting a large section of Indian population.

5. My wish : Tax on big "farmers".

I will be very surprised if the new announcements will increase tax or be something disruptive like demonetisation.

[Karthik]

Thermo nuclear new series of tests over weekend
He will explain rationale behind it

Those kind of things, he does first then explains later.

[Gus]

I don't think it will be anything disruptive while system is recovering/adjusting from the twin shocks of demo and GST.

tests? in a way that's disruptive as well..not sure it will be that.

some major welfare scheme looks a good bet.

[jamwal]

Maybe they already happened

[JohnTitor]

Maybe they already happened

If it's (tests) already happened and the West doesn't know about it (lets be realistic. It is very likely they would know of any such testing) then it would be foolish to disclose it. So its not that.

[jamwal]

Just idle speculation and wishful thinking. Maybe the tests happen as I type.

[Shandilya]

Declare two front war on scum

[Karthik]

BTW will it be on DD?

[JohnTitor]

I don't think its going to be related to a welfare scheme aimed at the poor.

It's definitely something to do with the middle class. This was the section shouting the loudest and modi will want to signal that he's listening.

[Rahul M]

is this confirmed ? I am not seeing anything on google or chatter in twitter.

[jamwal]

A day after Prime Minister Narendra Modi said his Government is always ready to take corrective measure to deal with issues facing the country’s economy, he held a marathon meeting with Finance Minister Arun Jaitley and BJP chief Amit Shah to discuss measures that could ease slowdown pain in certain sectors. A follow-up action, including major relief for traders and exporters, is expected. Also there will be discussion to prepare a road map for the inclusion of petroleum products within the GST.
The GST Council is likely to shift 60 goods and services from 28 per cent slab to 18 per cent slab. Similarly many other goods and services under the 18 per cent ambit at present will be bracketed in

http://www.dailypioneer.com/todays-news ... l&hl=en-IN

[kvjayan]

BTW will it be on DD?

Right now it is the Finance Minister delivering GST sops to the nation.

[Singha]

GST council also let SME with annual turnover of <= 1.5cr to file quarterly returns.

[sbajwa]

So NAMO won't watch the India USA football match which started at 10:30 (8 pm) in Delhi Jawaharlal Nehru Stadium and he inaugurated the FIFA under - 17 world cup. He has to rush back from Stadium to his office for broadcast.

[Rahul M]

is this confirmed ? I am not seeing anything on google or chatter in twitter.

nothing so far.

[sbajwa]

It is already pass 9:00 pm in India.

[jamwal]

So nothing on TV ?

[kvjayan]

So nothing on TV ?

DD is carrying only regular 9 pm news. No mention about any speech by PM.

[JohnTitor]

Lol jetli tweaked the rates a bit..

Now cashews at 5% and almonds at 12%.. if you sell a mix with both you tax at 12%... even if that mix contains 1 almond.

Looks like they really haven't thought about the practicality of these things. Someone sitting in an office has decided these numbers.

But I'm glad they are listening. Looks like they will try to tax all restaurants at 12%. But only if the gst committee agrees.

[Singha]

another tiresome aadhar ritual - the corrupt dont bother with much with these small schemes, but we will have to do the dog work as usual
https://www.ndtv.com/business/aadhaar-l ... e-business

neither they will a low to send it online or post

[Supratik]

Art 35A in J&K is the key if the judges have some sense. Art 370 will naturally follow now or in future.

[jamwal]

Why more tax on almonds ?

[MehtaRahulC]

GST flip flops
.
(1) RCM aka reverse charge mechanism suspended till some date --- so now many with GST numbers will apply for cancellation of GST number !!! Because if they have GST, then they have to pay GST and charge it to customers. But they can call themselves and registered, and use family members' names and eben employees' names , so that revenue per person is below Rs 20 lakhs !!! Their clients will find such "registered sellers'" goods and their services 20% cheaper !! So we will see a "GST number cancellation spree" now. And then all will run again for GST registration when RCM become re-effective
.
(2) Without eWay bill, GST will collapse. People will simply create END TO END "no bill no gst 20% cheaper" chains !!! eWay bills (and checkposts to check eway bills) were specifically created to stop such end to end top to bottom "no bill no gst 20% cheaper". So if eway bills are kept, then small / medium sellers collapse. And if eway bills are removed, then GST collapses !! The best part about eWay bill is --- they have to be filed over internet !! And at drop of hat, when there are riots or demonstrations, Govt suspends internet, sms and even landline internet (so far cell / landlines phones are not suspended). So I wonder how eway bills will be generated when Govt has shut down net !!!
.
(3) Quarterly return will enable "Missing Trader Fraudsters" i.e. "sellers , who collect GST from buyers and dont deposit with govt", to dupe more clients , as now they have 90 days to 120 days to 180 days window to cheat and buyers wont even know. And if returns are made monthly, then small / medium sellers collapse due to compliance burden.
.
So I request pro-GST folks to print the solutions to GST mess they propose. I wont and shud not bother myself with solving this mess. Because I have proposed that GST is beyond repair since year 2012 (yes, 2012 !!). And I had proposed that wealth tax on land is far far better i.e less bad way to collect taxes. But pro-GST were all ga ga over GST. (And all partyies such as congress / rss / aap have supported GST). So pls propose WRITTEN LAW DRAFTS now to deal with GST mess.
.
----
.

Lol jetli tweaked the rates a bit.. Now cashews at 5% and almonds at 12%.. if you sell a mix with both you tax at 12%... even if that mix contains 1 almond. Looks like they really haven't thought about the practicality of these things. Someone sitting in an office has decided these numbers.
But I'm glad they are listening. Looks like they will try to tax all restaurants at 12%. But only if the gst committee agrees.

Dear all,
.
It is time Modiji and ONLY Modiji is "praised" for all things we see "goods and simple tax". It is sad to see that people "praise" some clerk in Ministry or Dept and dont give "credit" to Modiji for GST's "monumental achievements".
.
So pls "praise" Modiji ONLY for all GST "achievements"
.
And yes, as such, SoGa / ArKe too can be praised, as both had supported GST. But final credit should go to Modiji, because finally, it was his decision to use GST and not wealth tax

[Indrad]

thank God there is a separate GST thread now, and this thread can proceed with political discussions now. Guj polls warming up.
An outrage started by ToI that dalit beaten in rural Guj has crashed within 2 days after police completed investigation and trashed the report. Guy did it to get media attention.
http://www.hindustantimes.com/india-new ... 97vbK.html

In another news VAT slashed in Guj