Lately, there has been lot of discussion about revamping the entire indirect taxation structure in India. The recent hue and cry about Goods and Services Tax (‘GST’) has created lot of curiosity in the entire country. Being an indirect tax practitioner, GST as a topic, is quite close to my heart and so, I take the opportunity to write a few words about the same. We, as … [Read more...]
Here’s How Govt. Is Sweeping Money From Your Pockets In The Name Of Swachh Bharat
Remember the Swachh Bharat Abhiyan, which saw celebrities come out on the roads with brooms, making for good front page photos? A cleaner India is always a good idea, and the Abhiyan seems like a good initiative in that direction. But guess what? There’s now a new tax, applicable as of 15th November 2015, to fund the campaign called the Swachh Bharat Cess. Here are 5 things … [Read more...]
7 Ridiculous Things For Which Your Tax Money Is Spent
The government collected 13,53,192 crore from indirect taxes in the year 2013-14. That is a huge part of our everyday money. Here’s taking a look at all the ridiculous things this money is being spent on. The list includes drowning companies, termed as sick PSUs (Public Sector Undertakings), failed schemes, and expenditure on publicity events. British India … [Read more...]