India, say Hi to GST

By Sai
@vsai2008 (9888)
India
June 30, 2017 6:40pm CST
France was the world’s first country to implement GST Law in the year 1954. Since then, 159 other countries have adopted the GST Law in some form or other. In many countries, VAT is the substitute for GST, but unlike the Indian VAT system, these countries have a single VAT tax which fulfills the same purpose as GST. In India, the discussion on GST Law was flagged off in the year 2000, when the then Prime Minister Atal Bihari Vajpayee brought the issue to the table. Now finally GST is launched in a big way from 1st July 2017 in India :)
7 people like this
8 responses
@FayeHazel (22124)
• United States
1 Jul 17
It must be exciting for your country to be the first to implement this new law
4 people like this
@vsai2008 (9888)
• India
1 Jul 17
That's true. It took so much time to bring this new law to the table but better late than never Hope it brings India into a more positive light :)
2 people like this
@jstory07 (72280)
• Roseburg, Oregon
1 Jul 17
@vsai2008 Yes it is better late than never.
2 people like this
@vsai2008 (9888)
• India
1 Jul 17
1 person likes this
@gautaam (134)
• Mumbai, India
3 Jul 17
I think this is good move. We will have to wait till 3-4 months atleast to know its implications. Hope it does not impact our online earning(s). Secondly people who are working class (salaried) would have to bear the burnt indirectly as always, either in terms of HR & Finance policy changes or direct impact in the CTC.
2 people like this
@vsai2008 (9888)
• India
3 Jul 17
Will it have a direct negative impact on the middle class? Or we have to wait and see?
2 people like this
@gautaam (134)
• Mumbai, India
8 Jul 17
@vsai2008 Lets wait and watch. In the false garb of GST implications I can see shops, businesses charging high necessarily when they have actually got benefit out of it.
2 people like this
@vsai2008 (9888)
• India
8 Jul 17
@gautaam This happened here in Hyderabad before GST was launched
2 people like this
@Tracy04 (10815)
• Malaysia
1 Jul 17
GST is Goods and Services Tax, yes? We have here too. Happy weekend!
2 people like this
@vsai2008 (9888)
• India
1 Jul 17
Yes, it is Finally we also have LOL
1 person likes this
@Tracy04 (10815)
• Malaysia
2 Jul 17
@vsai2008 Lol. I'm not sure if it bring benefits for other countries, but here when Gst launched, some businesses closed..
2 people like this
@vsai2008 (9888)
• India
2 Jul 17
@Tracy04 why so?
1 person likes this
@Sreekala (24318)
• India
1 Jul 17
I was watching the activities in Parliament as live but in the middle I slept so I don't know what happened then. I only heard the speech of our finance minister. It is amazing to see the representatives in parliament in the midnight. The announcement was at 12 in midnight. Have you watched the same in TV.
2 people like this
@vsai2008 (9888)
• India
1 Jul 17
I too didn't watch the the speech
1 person likes this
@ptrikha_2 (11083)
• India
2 Jul 17
It was too late in the night.
1 person likes this
@Freelanzer (9536)
• Canada
4 Jul 17
We have GST and PST(provincial) here but some provinces combine the two.
2 people like this
@vsai2008 (9888)
• India
4 Jul 17
It is similar to yours then We have central and state GST
2 people like this
@prashu228 (25520)
• India
1 Jul 17
Hope everything will be for good, but lots of people are against this..
2 people like this
@vsai2008 (9888)
• India
1 Jul 17
Whenever something new is introduced in India, opposition to it is a must. I think they go hand in hand. But this is important for the greater good. Hopefully, all the people who have a problem will discuss the issues and come to a proper conclusion.
1 person likes this
@shaynas (5527)
• India
2 Jul 17
This will bring a lot of benefits for the economy though many things we do/ buy are costlier now
1 person likes this
@vsai2008 (9888)
• India
2 Jul 17
Really?
1 person likes this
@shaynas (5527)
• India
2 Jul 17
@vsai2008 yeah..We went to find out last night. The restaurant tax was higher than before So are the parlour services
2 people like this
@vsai2008 (9888)
• India
2 Jul 17
@shaynas Yes, heard about the rise in price of movie tickets too
1 person likes this
@ptrikha_2 (11083)
• India
2 Jul 17
Yes I too have been following the introduction of GST. I did some buying and purchasing yesterday. I saw the GSTN number on the bills. Also, the GST is split between centre and state- CGSTN- for centre and SGSTN- for states. I will see if I can share an image later. Initially there are hiccups but later on, this will give a lot of benefits.
@vsai2008 (9888)
• India
2 Jul 17
Yes please share the image, would like to know about that :)
1 person likes this