GST, once the baby of Manmohan Singh and P.
Chidambaram, adopted by Mr. Modi and Arun Jaitely with the hope, that one
day world will forget once it was child of MMS and PC and they (NDA) used to
curse it with warning not to enter in their area. :)
Simple Principle of Yin-Yang, Nothing is perfect in the world So GST.
It is good law, but still lots of problems specially for small traders.
Compliance Cost is just not one, Major problem is Reverse Charge on Goods. I
have noticed many BJP Supporters are spreading the false news like It is not
going to hit the SME. I think other than paid trolls or active members on
social media, they are also people, who never gone out of their small office.
Some saying SMEs trade among themselves. If anyone visits any industrial area,
From Maya Puri Delhi, to Rudarpur or Pant Nagar or Jamshedpur, anywhere in any
state of India, He would better understand, How organized and unorganized
sectors work together. Every company has 10-100 small vendors who fulfill their
needs, for companies like Tata Motors, Bajaj and Maruti, I believe may be in
thousands. The people who have ever worked in Accounts, Commercial or Purchase
department of any good size manufacturing company, they know, how the vendors
are empanelled, They must have atleast registration with VAT and PF/ESI, as no
company wants to get into dispute of statutory compliance on account of
non-compliance by their vendor. The Small Vendors who were enjoying SSI Status
under Excise now become Routine Tax Payers.(If TO>Rs. 20Lakh).
Media is under pressure, just few days back in Delhi, almost all trade
unions protested against GST, same in other states, but no news was flashed.
Govt is confident, as people did not oppose demonetization, they will also bear
with GST. Over-Confidence is always bad, they must learn from the recent defeat
of Indian Cricket Team from Pakistan. And If there is an issue, related to
SMEs, must be addressed, taking all stake-holders in confidence. Govt must also
take care of small taxpayers, should not always think about Ambanis, Adanis and
Babas in Business.
Unemployment is at peak, NDA has failed to fulfill its most of promises
given during 2014 election campaigns. Farmers are restless and now if GST
causes the trouble to millions of small business units ................ no
power can help BJP to return into power in next election in spite of no
opposition status. People have lots of hopes from Mr. Modi, and We believe he
will do needful. Thanks.
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