Business Men! Can you escape GST? How is it possible?
Fundamentally we must understand that government machinery requires TAX to run its expenses and development. For that government has a constitutional RIGHT to impose TAX. As a citizen of India, residing in India we have to pay Taxes. But the Problem lies herein that, We do pay but It does not reach in quantity to the government and further the government does not spend the resources appropriately.
Recently the new GST has been implemented by the government as one of the major tax reforms in last 70 years. Some people have appreciated it as a better proposal than before. Others feel it has become worse. Regular filing of returns, getting stocks checked etc is a hassle, which is worrying them. Lots of small business people who were previously not in this tax frame do feel they are now in a cage with regular requirement of accountants’ help. But in spite of mixed responses, gradually people are now getting accustomed to it, as they feel there is no option left for them.
Every place we find GST being compared to previous sales tax, service tax etc. Some are against it while others are in favor. Obviously government agencies are advocating this new process. Ruling party praising the efforts while opposition offering a rebellion approach. It is expected because politics has to be like this only.
BUSINESSMAN as TAX COLLECTOR
Let us understand what actually business persons are doing for the country, they are running the major economic wheel of the country. Pushing economy through, providing employment to millions of people, boosting exports to get foreign currency, serving the citizens of country by various means etc are various their activities, BUT one thing which most of business men forget is that they are providing revenue to government of India, by COLLECTING Tax from individuals. Actually theoretically speaking the business man is supposed to pay income tax ONLY from HIS income. Rest all the revenue collected is, from the customer. Actually speaking business man is basically acting like a agent to collect taxes from citizen and providing it to the Government of India.
But on the other front lots of energy and time is utilized in preparing the accounts and returns etc. And if you hire an account personnel, you have to pay his service charges but MORE importantly again you have to give inputs for your revenue, spending etc because external personnel does not know the minute details of your businss. This whole process consumes a lot of time and energy, which otherwise can be utilized to expand your business or spend time with your family and friends.
On the contrary for income tax etc, individual has to deposit the tax directly to government. He is liable for his income tax statement. If there is any flaw in his income tax filing, he is being penalized by government of India as per law. While for a business man, if any flaw is detected, either in his returns or the revenue, business man is to be penalized. Keep in mind that business man is basically collecting tax from individual and hence helping government of India. It indirectly acts as a collecting agent, whereby he is not given any benefit but penalized for anything which goes wrong. Even at times business man does not intend to avoid taxation but make some errors, since they are busy in other activities and ask their accountant to do that JOB. Here in such cases a penalty is issued against them for a mistake they did not commit.
Now ethically let us understand why the business man is evading the tax, which ultimately is to be paid by consumer. It is basically only to manage the customer, knowing somebody else can get him a cheaper product. For expansion of his business he is lured into this wrong practice. But if somehow it is confirmed that he cannot lose a customer due to price difference, he is not willing to do any mischief. Pricing of petrol in different states is such an example.
So business men, on one front you are providing government revenue, duly collected from customer. By this process, if you could think at a deeper level, government is basically putting you as tax collector and depositor without any BENEFIT to you or even a BENEFIT of DOUBT in case of any ERROR. But the most important question is how we can get RID of this issue! Is there a solution?
YES and YES there is a simple solution for this with the name of ARTHAKRANTI proposal duly researched by all walks of people. Do visit
In this proposal tax of the TUNE of 2% is automatically deducted from your Bank CREDITS and after that NO QUESTIONS are asked. Now Banks do the ACT of COLLECTING agents. You can put your energy in expanding your business.
All other details are very easy to understand