Few interesting answer by Awadhesh Singh - Author of 'GST Made Simple',

What do you think about Rahul Gandhi's opinion that tax rate must not exceed 18%?

Awdhesh Singh, Author of 'GST Made Simple', Retired IRS (C&CE) Officer

Answered Sat

I can’t help telling an interesting story, before I answer this question.

A man went to a vegetable market to buy some potatoes. He surveyed couple of shops before he reached to a small shop and asked the vendor, “At what price are you selling the potatoes?”

“Sir, it is Rs 10 per kg,” said that poor vendor.

The man shouted, “So expensive! You are looting!! See that other vendor who is selling the potatoes for only Rs 5 a kg.”

“Sir! Please go and buy the potatoes from that shop,” replied the vendor sheepishly.

The man then said with lower tone, “He has exhausted all the stock of potatoes just now.”

The poor vendor said, “Sir! When my potatoes are exhausted, I sell them at Rs 2 per kg.”

A vendor with NIL stock won’t mind offering potatoes even for free since he has got nothing to lose.

Mr Rahul Gandhi is like the vendor who is selling potato when he has no stock of potatoes.

If Government put a cap of 18% on the GST, it would not be able to achieve the revenue which it was gathering before GST. This means that many development works would stop in India.

Government of India is already committed to a Revenue Neutral Rate (RNR), which means that it is trying to fix a rate which would get it just the same revenue as it was already getting before GST.

If they end up getting more revenue, they would surely lower the tax rate next year.

My own guess is that Government of India is going to lose a huge amount of revenue this year because the businesses are going to get Input Tax Credit (ICT) across India and on all imported items of goods, services and capitals good, which was not available to them earlier.

Since Government is fixing the GST rate close to the existing rates in the pre-GST regime, there is bound to a great revenue loss due to enhanced input tax credit availed by GST payers.

Mr Rahul Gandhi would have fixed the same rate of GST, if Congress would have been in power and implemented GST in India.

Since he is now in opposition, he is not telling what he would have done, but rather telling what innocent and ignorant people always wish to listen i.e. no tax or lowest tax but maximum development without giving a thought from where all the money would come.

How can I contribute to the betterment of India as an individual?

Awdhesh Singh, Author:Myths are Real,Reality is a Myth, IITian, IRS Officer

Answered 5h ago

Just like an ocean is made of billions of small drops, a nation too is made of billions of people.

Just like a healthy body is made of billions of healthy cells a nation too is made of billions of healthy people in the society.

If one cell of the body becomes cancerous, the whole body suffers and eventually die.

The first step to make India a better country is not to become a cancerous cell for your nation which tends to destroy the nations. Hence,

• Don’t be corrupt officer or politician
• Don’t evade your taxes
• Don’t be a criminal
• Don’t be a terrorist
• Don’t spread hatred
• Don’t support anti-national people

Once you have stopped making negative contribution to your country, it is the time to do positive things and contribute to the growth of your country. You can do so in any profession:-

• Become an efficient, compassionate and honest officer and directly serve the people of India
• Become an honest and hard-working politician
• Become an entrepreneur, create wealth and provide employment
• Become a great teacher and provide the new generation the best quality education
• Become a good parent by inculcating good values in your children
• Become a great writer or artist and transform the thoughts of the people of your country

There is no professional field where you can’t contribute to the development and betterment of your country.

Choose any field and be the best professional in your field with honest intention and compassionate heart.

What do you think about Rahul Gandhi's opinion that tax rate must not exceed 18%?

Awdhesh Singh, Author of 'GST Made Simple', Retired IRS (C&CE) Officer

Answered Sat

I can’t help telling an interesting story, before I answer this question.

A man went to a vegetable market to buy some potatoes. He surveyed couple of shops before he reached to a small shop and asked the vendor, “At what price are you selling the potatoes?”

“Sir, it is Rs 10 per kg,” said that poor vendor.

The man shouted, “So expensive! You are looting!! See that other vendor who is selling the potatoes for only Rs 5 a kg.”

“Sir! Please go and buy the potatoes from that shop,” replied the vendor sheepishly.

The man then said with lower tone, “He has exhausted all the stock of potatoes just now.”

The poor vendor said, “Sir! When my potatoes are exhausted, I sell them at Rs 2 per kg.”

A vendor with NIL stock won’t mind offering potatoes even for free since he has got nothing to lose.

Mr Rahul Gandhi is like the vendor who is selling potato when he has no stock of potatoes.

If Government put a cap of 18% on the GST, it would not be able to achieve the revenue which it was gathering before GST. This means that many development works would stop in India.

Government of India is already committed to a Revenue Neutral Rate (RNR), which means that it is trying to fix a rate which would get it just the same revenue as it was already getting before GST.

If they end up getting more revenue, they would surely lower the tax rate next year.

My own guess is that Government of India is going to lose a huge amount of revenue this year because the businesses are going to get Input Tax Credit (ICT) across India and on all imported items of goods, services and capitals good, which was not available to them earlier.

Since Government is fixing the GST rate close to the existing rates in the pre-GST regime, there is bound to a great revenue loss due to enhanced input tax credit availed by GST payers.

Mr Rahul Gandhi would have fixed the same rate of GST, if Congress would have been in power and implemented GST in India.

Since he is now in opposition, he is not telling what he would have done, but rather telling what innocent and ignorant people always wish to listen i.e. no tax or lowest tax but maximum development without giving a thought from where all the money would come.

Why was a special midnight session conducted in the Indian Parliament on July 1, 2017 for the GST? What is the purpose of it?

Awdhesh Singh, Author of 'GST Made Simple', Retired IRS (C&CE) Officer

Answered Sat

There is no doubt that the introduction of Goods and Services Tax (GST) in India is the greatest tax reform in the history of India. GST has subsumed the following taxes which had been levied by the Governments at different level levels.

(1)  Central Taxes subsumed in GST

1. Central Excise Duty;

2. Duties of Excise (Medicinal and Toilet Preparations);

3. Additional Duties of Excise (Goods of Special Importance);

4. Additional Duties of Excise (Textiles and Textile Products);

5. Additional Duties of Customs (commonly known as CVD);

6. Special Additional Duty of Customs(SAD);

7. Service Tax;

8. Cesses and surcharges insofar as they relate to supply of goods or services.

(2)  State Taxes subsumed in GST

1. State VAT;

2. Central Sales Tax;

3. Purchase Tax;

4. Luxury Tax;

5. Entry Tax (All forms);

6. Entertainment Tax (except those levied by the local bod-ies);

7. Taxes on advertisements;

8. Taxes on lotteries, betting and gambling;

9. State cesses and surcharges insofar as they relate to supply of goods or services.

GST is a great leap forward to realize the dream of one-tax-one-nation.

GST is going to impact every businessman, industrialist and consumer in this country.

The purpose to call a special mid-night session to launch GST was to demonstrate the NDA Government;s commitment towards the tax reforms in India.

Government got free publicity from all media channels in India and abroad and it was able to make everyone aware of the importance and the salient provisions of the GST Acts.

I can’t imagine a better method to publicize the greatest tax reform of India to all the citizens of India without spending any of the taxpayer’s money for advertisement.

How can we permanently overcome negative emotions?

Awdhesh Singh, Author:Myths are Real,Reality is a Myth, IITian, IRS Officer

Answered 5h ago

Can you permanently overcome pain?

Can you permanently overcome death?

Can you permanently overcome failure?

Can you permanently overcome hatred?

There is nothing permanent in this world.

• Everything that is born has to die one day.
• Everything that is created has to be destroyed one day.

That is why the first Noble Truth of Buddhism is: Life is suffering.

Your desire should not be overcome negative emotions but to understand the purpose of negative emotions and use it for creating positive emotions.

Negative emotions are like red-light on the traffic crossing, which tells you to stop.

• Red-light may be irritating but they have as much positive purpose for the smooth flow of traffic as the green lights.
• If you remove all the red-lights from the traffic signals in a city, there would be total chaos and the traffic would totally stop.

The negative feelings tell us what is not to be done.

• We feel negative when we see injustice in the world; it implies that we should avoid injustice
• We feel negative when someone shouts at us without reason; it implies that we must be nice to other people
• We feel negative when we are filled with hatred, it implies that we must love others
• We feel negative when we fail in life, it implies that we must work harder to get success.

Just like traffic on a busy city road is controlled by the combination of red and green light.

We too are guided on the right path by the proper understanding of the positive and negative emotions.

All positives and negatives are connected together in this world just like for every negative electron in an atom, there is a positive proton.

You destroy all the negatives, and you lose all the positives as well.

When you destroy both positive and negative, you become inert, hardly better than a dead being.

Source: https://www.quora.com/profile/Awdhesh-Singh-1