Tuesday, February 27, 2018

GST V/s Country Growth

Since the implementation of GST (Goods & Service Tax) some of the following questions pending are as under :-

It is not clear that whether it is useful for country growth or NOT?

Did government revenue has increased in comparison to VAT or NOT?

Does GST stopped the trade cycle of business?

I think in starting month of implementations traders, businessmen and others have paid more taxes due to less knowledge and fear and government tax collection increased but due to political interference and increased knowledge the tax collections reduced later on.

When E-way bill is made mandatory it will definitely increase the revenue collection of government.

Probable date of launching E-way bill is 1st April 2018 as per the unconfirmed news.

I think business houses will increase their margin under cover of E-way and needs
to pay more taxes to get abided by law and surely it will be a nice move.


Monday, February 26, 2018

Electric Vehicles

Indian government is pushing for electric vehicles in India to reduce pollution levels as well as removing dependency of country on Petroleum. Many automobiles companies are launching their electric cars and bikes.  Right now they are not available in showrooms and will take some time to come into open market. Also the peoples will have many questions about new electric vehicles like their power, the facilities available in it, their registration and price will be a very main factor. 

Hope that in coming 2-3 years we will be able to see electric vehicles on the roads. As per my estimates they needs many improvements based on the feedback, complains, suggestions when they are used by peoples because that will be real testing. It will take another 2-3 years and after 10 years  the electric vehicles will completely overtake the current fuel based vehicles. It is very hard to say whether they will be cheap or costlier in comparison to current fuel based vehicles.

A important factor will be infrastructure required for charging of these vehicles.

Government of India should offer some subsidy on electric vehicles to make it popular and cost effective. Also automobiles companies must try that they get charged during day hours as soon as they come in contact with sunlight.

Here are the latest updates on after death proceedings for late Sridevi