Television celebs hope GST will bring positive changes in their daily living

It has been termed a potential game changer the single biggest tax reform undertaken by India in 70 years of independence the government says is founded on the concept of one nation one market one tax The moment which India has waited for more than a decade is finally beckoning On 1 July a single indirect tax regime will kick into force in Asias third largest economy dismantling interstate barriers to trade in goods and services Television Celebrities talk about the hope advantages of GST in their Daily livesDevoleena Bhattacharjee I am happy about government introducing GST because eventually an idea that you believe is good for the Indian economy is going to roll outSara Khan I am happy that Once GST is implemented consumers will not be subjected to the burden of double taxation which mean that all taxes will be levied at the times of purchase will include both the central governments taxes as well as the state governments taxes The move would deter state governments from indiscriminately increasing taxes Im sure we will be benefitedKunal Jaisingh GST is a destinationbased tax Currently the central government levies excise duty on the manufacture and then the state adds VAT Value Added tax when the item is sold to the next stage in the cycle Ideally like all other advanced countries we should have got one GST but if not now we moving ahead to better future and hope to have it in coming yearsShubhangi Atre GST will bring in a simpler tax regime with fewer exemptions reduce multiplicity of taxes reduce compliance costs no multiple record keeping for a variety of taxes usher in simplified and automated procedures for various processes such as registration returns refunds and tax payments All interaction needs to be through the common GSTN portal like developed countriesNiti Taylor GST could also boost exports by making Indian goods competitive in global markets Exports will be treated as zero rated supplies which means no tax will be payable on exports of goods or services However exporters can claim input tax creditAkshay Mhatre Goods and Services Tax is seen boosting Indias GDP or gross domestic product growth by 152 per cent over the long term GST will deliver significant benefits by improved taxation efficiency and ease of doing business and will convert India into one common market so it does will bring major development in IndiaManish Goplani In the current regime tax rates vary from state to state So companies often choose warehouses for their inventory based on tax considerations Under GST the country will move to One Nation One Tax regime giving companies freedom to set up their own warehouses to optimise cost and improve customer serviceMahika Sharma Analysts say that GST will usher in a more stable tax regime The real value of GST will be in the area of tax governance where a system plagued with a plethora of discretionary adhoc taxes will move toward a ruledbased transparent and stable tax regime Under GST the Centre and the states will jointly administer and decide the taxes So I personally trust our Indian Government and sure Indian future will be brightTanya Sharma I am happy that Indian Government is thinking about a better India introducing GST As it will replace at least 17 state taxes that would make taxation of goods and services far simpler than the current system GST would enable goods to be taxed at the point of consumption rather than production thus avoiding double taxationAmrapali Gupta GST is good idea It brings hope for a better future Under the new taxation regime fruits vegetables pulses wheat bread and rice are exempted from taxation even as chips biscuits butter tea and coffee are attracting higher taxes So that will bring a positive chage in our health tooParineeta Borthakur GST is a good start Like the other developed nations I too prefer a single GST rate instead of having too many complicated rates Its simple and easy The only problem I feel is that the GST rate here is higher than other developed countriesManu Punjabi GST is very good Idea rolled out by Indian Government Other developed countries are enjoying it From the consumers point of view the biggest advantage would be in terms of reduction in overall tax burden on goods For businesses it means reduction in a multiplicity of taxes and a much simpler tax regime with fewer rates and exemptionsMahip Marwah Im happy and thanks to Indian Government for our country will finally implement the Goods and Service tax from July 1 the GST will help remove tax barriers between states creating a single market The rollout will replace a plethora of cascading central state interstate and local taxes with a single nationwide valueadded tax on goods and servicesMitali Nag Manufacturing in India will get more competitive as GST addresses cascading of tax interstate tax high logistics costs and fragmented market Increased protection from imports as GST provides for appropriate countervailing duty Hope for a better and developed IndiaYash Sinha Life is hope to get simpler for Indians as GST will replace 17 indirect tax levies and compliance costs will fall