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

  • Television celebs hope GST will bring positive changes in their daily living
    Television celebs hope GST will bring positive changes in their daily living
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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, has finally happened. On Today, a single indirect tax regime will kick into force in Asia's third largest economy, dismantling inter-state barriers to trade in goods and services. Celebs talk about the advantages of GST in their Daily lives.

Niti 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 credit.

Akshay Mhatre:
Goods and Services Tax is seen boosting India's GDP or gross domestic product growth by 1.5-2 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 will bring major development in India.

Sara 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 government's taxes as well as the state government's taxes. The move would deter state governments from indiscriminately increasing taxes. I'm sure we will be benefited.

Devoleena 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 out.

Manish 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 service.

Mahika 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, ad-hoc taxes will move toward a ruled-based, 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 bright.

Tanya 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 taxation.

Amrapali 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 too.

Parineeta 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. It's simple and easy. The only problem I feel is that the GST rate here is higher than other developed countries.

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