Will GST Succeed in India? If yes, then How?

Will GST Succeed in India? If yes, then How?

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52 Answer(s)

All said about GST I believe that GST is an excellent step forward and it will help in the growth of our economy as has been predicted by various agencies. This tax system will not only benefit the consumers but the business houses at the same time and will also improve administrative efficiency of tax authorities. The Govt believes and is confident of rolling out the new system by 1st July 2017 and any delay in doing this will adversely affect the economy’s growth prospects.

Answered on June 15, 2017.
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This will definitely succeed in the long run. Though at its initial stage, it will lack progressive development due to diversified tax rate with different level of tax as sgst, cgst, igst etc. for effective implementation, expert are needed to solve the query related to the taxpayers. Gst is destination based consumption tax subsuming almost 20 types of taxes which will make the process easy and avoid double taxation and evasion of taxes.

Answered on June 15, 2017.
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Yes

Answered on June 15, 2017.
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In short run it’s no succeed because most of the dealers in India are maintained accounts in paper mode so they have lot of time the dealer have to computerize the accounts so in long run it will definitely success

Answered on June 15, 2017.
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Yes definitely it will be a grand success, the main reason is that in India at present black economy is the parallel economy, after GST implementation that economy will hit hard with E way bills provisions and many others provisions in GST.

Answered on June 15, 2017.
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Yes definitely

Answered on June 15, 2017.
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Not yet

Answered on June 15, 2017.
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Yes it will be successful because the dealers are tired from many taxes l. They want only one tax.

Answered on June 15, 2017.
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Yes… bcoz 1 nation 1 tax.

Answered on June 15, 2017.
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Answered on June 15, 2017.
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I think it will more beneficial if all invoice through online way but now Indian govt. have not sufficient infrastructure for use internet, database, manpower etc. govt should increase that recourse then it will more beneficial for India.

Answered on June 15, 2017.
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Answered on June 15, 2017.
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Yes..because one nation one tax..as modi ji says to avoid more burdens..

Answered on June 15, 2017.
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It depends on successful implementation and ability of GSTN to deal with the huge volume.

Answered on June 15, 2017.
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GST IS A CONSOLIDATED TAX i.e a mixture of excise, service tax, Vat etc. it is a law which has been already used in India in the form of above law. effort have been made to resolve the flaw in existing law and interest of department and Assessee both have been Secured

Answered on June 15, 2017.
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Answered on June 15, 2017.
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Yes may be succeed. if after implication govt. does not change the rate of those goods which are fall under 5% or exempt its very important to see that inflation will under contol after seeing all things GST may be succeeds

Answered on June 15, 2017.
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Yes If it is properly implemented

Answered on June 15, 2017.
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Yes but surely need good support and education at government department and industry…. It should have been in phased manner

Answered on June 15, 2017.
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No. no proper infrastructure present in small villages. it will create havoc in compliance

Answered on June 15, 2017.
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Your Answer

Gen GST