What a great finance minister we have

[Ryzen_renoir]

 

 

[modi_bhakth]

Ee daridram adrustam laa pattukundi emi chestam mana karma

[jawaani_jaaneman]

I didn't understand this logic...okati rendu chadivina kuda ardam avaledu..

5% GST on vaccines and 12% on O2 Concentrators...if GST is removed, how come price will increase ? 

GST teesesthe, input commoindities degarara emana taxes vastaya ?

[jawaani_jaaneman]

Imagine 5% GST is levied on vaccine, 300 rupees vaccine mida 5% GST means 15 rupees as tax.

GST is levied at the end, ante vaccine ayinaka dani mida 5%, apati varaku raw materials, production and suppliees degara ekada kuda tax veyakunda, a liability antha end product degarki transfer chestaru kada..

By paying this 15 rupees, initial input taxes degara respite dorukutada ?

[Ryzen_renoir]

1 minute ago, jawaani_jaaneman said:

I didn't understand this logic...okati rendu chadivina kuda ardam avaledu..

5% GST on vaccines and 12% on O2 Concentrators...if GST is removed, how come price will increase ? 

GST teesesthe, input commoindities degarara emana taxes vastaya ?

She may be right on technical grounds because the raw materials supplier may not be able to claim refund on GST already paid by them . 

But it will not affect any future products. 

She can't give a straight answer that she is unwilling to reduce taxes on life saving products 

[psycopk]

1 minute ago, Ryzen_renoir said:

She may be right on technical grounds because the raw materials supplier may not be able to claim refund on GST already paid by them . 

But it will not affect any future products. 

She can't give a straight answer that she is unwilling to reduce taxes on life saving products 

gov ki telusu kada aa companies main ga manufacturing oo.. vallu claim chesko vachu ante saripotadi kada..

edo pedda 100's of companies vaccines tayaru chesi janam medaki vadultunatu buildup...

chetakadu ani direct ga chepaleka ee edupulu..

[PizzaReddy]

Thank u thanga chi 

[jawaani_jaaneman]

2 minutes ago, psycopk said:

gov ki telusu kada aa companies main ga manufacturing oo.. vallu claim chesko vachu ante saripotadi kada..

edo pedda 100's of companies vaccines tayaru chesi janam medaki vadultunatu buildup...

chetakadu ani direct ga chepaleka ee edupulu..

100's of companies vunte ne end vial okati tayar aitadi..

mari worst ga tayar aitunav kada..FYI, its manufacturing, service kadu.

[psycopk]

2 minutes ago, jawaani_jaaneman said:

100's of companies vunte ne end vial okati tayar aitadi..

mari worst ga tayar aitunav kada..FYI, its manufacturing, service kadu.

nee #mutton brain tho sachi potunam... i know..why there are limited companies...daniki gst ela exempt cheylo kuda teliyatam ledu bjp pundakors ki... naa meda edupu api issue meda focus petu... 

[jawaani_jaaneman]

15 minutes ago, psycopk said:

nee #mutton brain tho sachi potunam... i know..why there are limited companies...daniki gst ela exempt cheylo kuda teliyatam ledu bjp pundakors ki... naa meda edupu api issue meda focus petu... 

Oka pani chey, first GST etla levy chetaru, how GST works telsuko.

Naa mida edupu api, mundu telsuko..claim chesukovadamo, exemption or rebate...prati odu matladetode..

kastha gnanam prasadinchu samara...

[Hydrockers]

Ushhh we have great prime minister and finance minister

Idi mana genaration chesukunna adrustam

Enno janmala punyam

[Raven_Rayes]

1 hour ago, Ryzen_renoir said:

She may be right on technical grounds because the raw materials supplier may not be able to claim refund on GST already paid by them . 

But it will not affect any future products. 

She can't give a straight answer that she is unwilling to reduce taxes on life saving products 

the implication is that input tax credit is promptly paid to manufacturers otherwise. lol  There's a huge backlog in ITC claims.

even if complicated, GST waiver can be done for medical equipment and vaccines. Other countries have done it.

 

[Raven_Rayes]

1 hour ago, jawaani_jaaneman said:

Oka pani chey, first GST etla levy chetaru, how GST works telsuko.

Naa mida edupu api, mundu telsuko..claim chesukovadamo, exemption or rebate...prati odu matladetode..

kastha gnanam prasadinchu samara...

GST is not that complicated. The tax is distributed across the chain and the intermediaries can claim input tax credit for tax paid on purchases.

GST waiver can happen easily. Its a question of taking a hit in tax revenues and nothing more, especially when the tax is waived at the final point of sale. It won't cause the price of the final prodcut to rise.

Revenues Fall—or Increase

Exemption breaks the VAT chain. Whether this increases or decreases the net revenue raised by the VAT depends where in the chain of supply the break occurs. If the exemption occurs immediately prior to final sale, the consequence is a loss of revenue since value added at the final stage escapes tax.

If the exemption occurs at some intermediate stage, on the other hand, the consequence is actually an increase in net revenues: the cascading of tax on inputs means that, as the price charged by downstream firms using the exempt item rises in order to cover their increased costs, so the tax on output downstream increases.⁷⁸ Thus value added prior to the exempt stage is effectively taxed more than once.

 

 

https://www.elibrary.imf.org/view/books/071/07173-9781589060265-en/ch08.xml

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now doen't say VAT is different from GST. at a broad level Indian GST is center dipping into state VAT plus including service under VAT.

 

 

[Raven_Rayes]

1 hour ago, Ryzen_renoir said:

She may be right on technical grounds because the raw materials supplier may not be able to claim refund on GST already paid by them . 

But it will not affect any future products. 

She can't give a straight answer that she is unwilling to reduce taxes on life saving products 

bs. The only person who can't claim input credit is the one at the final point of sale. in case of vaccines, its the govt/private hospitals.. in case of medical equipment it is the retail seller.

The right thing to say is that, waiving GST at the retail end, will not decrease the price of the commodity by much, since a majority of the tax is already paid along the chain.

 

[Raven_Rayes]

Applying GST waivers all along the chain is too much work for  the Indian GST system that can't even do basic things right.

BJP can do jhumla by waiving GST at the point of purchase for these items and call it a day, instead of posting half baked tweets that don't explain much.