GST gets presidents Approval

[Nilgiri]

We don't have this in BC



I don't understand how kiranas will implement GST. Is the government giving out POS devices to them?

http://www.businesstoday.in/current...mooth-implementation-of-gst/story/235747.html

http://economictimes.indiatimes.com...dy-for-timely-launch/articleshow/53514352.cms

 

[Echo_419]

Don't forget the 0% for basic groceries, at least we have that in Ontario.

The good thing about more slabs means more optimised and lower inflation. I think 4 (effectively 5 with the 0% basic goods) slabs is fine....not too many by any stretch and it was reached as a consensus by many experts from the states that make up India.

That (inflation) was a bad problem in Canada for many goods when they first introduced the GST.

I mean 99% of the "complexity" is the actual hardware + network used for GST system. Actual effective tax slabs make little impact on complexity....might as well go the extra mile to minimise inflation or even give an inflation "rebate" to many consumers which is what I suspect will happen.

It will time nicely with the rebound happening in Indian economy right now.

Where exactly do you live in Ontario, Canada? me lives in Windsor, Ontario

 

[Nilgiri]

Where exactly do you live in Ontario, Canada? me lives in Windsor, Ontario

Mostly live in Montreal (QC) these days when I am not travelling for work. I used to be located more in Ottawa.

 

[Śakra]

http://www.businesstoday.in/current...mooth-implementation-of-gst/story/235747.html

http://economictimes.indiatimes.com...dy-for-timely-launch/articleshow/53514352.cms

The government should issue there own proprietary version of these to small businesses to capture more businesses within GST.

 

[Soumitra]

I don't understand how kiranas will implement GST. Is the government giving out POS devices to them?

GST limit is Rs. 10 Lakh. Anyone earning below that in an year will not be under GST. So your mom and pop kirana store, your sabji bhaji wala are exempt