Bitcoin Forum

Hi guys, today indian government as announced the law for goods and service tax. Prime minister has said that GST is the biggest tax reform since india has got independence and this tax will make india as one unified tax market. My question is will this tax goin affect people or will it benfit them.
 

The taxes have gone up from 15 to 18%. How are we going to pay the taxes now when they are so high. It's insane.

 Since 1st July our Indian government imposed the goods and service taxe in the all States of India .the main purpose of gst is to improve the indian economy and developed the country as well as providing the most benefits to the  customers and businesses men.Out of 29 states 28 States are accept this at 1st July except jamu&kasmir. But they are also accept it on 5th July.

I do not think that gst wil be of help to common people in tamilnadu. Since the launch of gst there are many people who are gone strict for past 5 days and due to this many have lost their work.

Cinema theatres closed for past 4 days and will continue.
Textile makers are on strike from wednesday. If this situation continues what will happen???? No one knows

In privious we buy Products from our supplier 12.5% excise duty + 2% cst , but now its 18% its harmful to that person who doing all the business in Underground way, also Tax on soft drinks 28%+12cess total 40%

It is true that this tax reform will effect people in short term but in long term it is beneficial for the country.It extends growth rate and the country will become one unified tax market.
It is the biggest tax reform in the country till independence.

Let's add more substance to this discussion by including the effects of GST on status of bitcoin and similar digital currencies in India.
Presently it remains unregulated but the government shows some serious interest to look into different ways for taxation of bitcoin transactions.
What can the possible outcomes be?
Would the government accept bitcoin as a conventional currency like printed and minted ones or characterize them as personal assets.?  ;)

In GST there is some good things and bad things. We have to catch Good things of it.

GST  has been launched in India from 1st July 2017 and GST effects a lot various sectors.
GST impact on common man (http://www.gsthelplineindia.com/blog/2017/04/21/how-gst-impact-lives-common-man/) we can see:

Services are expensive
Prices of essential services are likely to increase
Automobiles and vehicles are likely to drop a price
Basic food essential items will not impact with GST

whats change ?? nothing ..
earlier there were vat , service tzx , excise etc now only one tax .. tax rates also similar .. i think it is good .

GST is a company ,it is india high level in global,gst is a text service all product and all company,all electronic divice,etc , because india is high level in global

Its WE only who are going to suffer in anyway. Indian government wants to gather money from the public as much as possible. TAX is the best way for them to do this.