Account Share

Discover and read the best of Twitter Threads about #GST

Most recents (12)
#GST thread. Stay with me: This govt wont share real GST data. Instead we fall for its stupid press releases every month. They mean near zilch. This is what the central govt has really collected by August. Net of refunds and settlement - the only way GST nos should be read.
It is erroneous to merely compare total Rs 1 lakh per month target for states+centre with press releases which do not account for how IGST was settled each month. So, these cant tell what the Centre really got. This table shows how erratic IGST settlement has been.
Then you got to look at states and their revenue separately. Here is a chart of how state revenues are doing. After a year some are doing quite badly. Why? Ask.
Read 7 tweets
Has anyone used the GST online filing system? It is nothing but an online word processor. I don’t know why ₹ 1500 crore was spent on this. Thread (1/n)
All you do is fill the forms online. There’s no intelligence built into it. Data from one form filed earlier has to be manually entered into other forms. (2/n)
And of course, like all good secure sites, copy paste is blocked. So one needs to write down the number from one form and then enter it manually into other forms #GST (3/n)
Read 8 tweets
Don’t worry about #Malaysia ’s #GST repeal, higher #Oil and sales tax will help. #ge14. The BN lost control of government. Dr. #MahathirMohamad stated that he will repeal the goods and services tax (GST) and replace it with the sales and services tax (SST). Why? @chedetofficial
#Najib passed the #GST to offset declining revenue as dependence on #oil backfired when oil prices collapsed. It's a tax on the final consumer & generates more tax revenue than the SST. In 2017, GST was 25% of the total tax revenue and 3.3% of GDP - key reason people are negative
But what's key is the rise of oil, which raises oil tax. So #GST becomes less key! Look at the relationship b/n oil and oil tax. Very strong! We assume oil rises to 73 (basically now) & 10% increase of subsidy, & SST revenue (less than GST). Let's look at what happens to fiscal
Read 8 tweets
Did Thread Reader help you today?
Support us: We are indie developers! Read more about the story
Become a 💎 Premium member ($30.00/year) and get exclusive features!
Too expensive?
Make a small donation instead. Buy us a coffee ($5) or help for the server cost ($10):
Donate with 😘 Paypal or  Become a Patron 😍 on Patreon.com
The #GST Should Never have Been Applied To ANYTHING, it only exists bc over 30 years of #Privatization of Public Assets that produced Revenue, the Revenue has Disappeared,on top of TaxCuts for Corporations & the removal of tariffs which had the
double wammy of sending manufacturing,textile industry,car manufacturing either offshore,broke or closed
#GST need to be removed From Everything
Corporations DONT Pay GST only Consumers pay GST
Introduce a #SugarTax on ALL Processed Food/Drink 20% per teaspoon(5g)of price,source of revenue &Healthier Population,long term Lower Health Budget
Raise Corporations Tax,Any #ProfitShifting
Read 12 tweets
Troll April Fool UMNO/BN kepada rakyat Malaysia: #GST #GST #GST #GST #GST

Bebenang April Fool yang tak lawak langsung.
1. Pecahan kutipan #GST sejak ia diperkenalkan pada April Fool tahun 2015:

2015 (Apr-Dis): RM27.2 bil
2016 (Jan-Dis): RM41.2 bil
2017 (Jan-Dis): Lebih RM42 bil
2018 (Jan-Dis): Dijangka lebih RM43.8 bil

Jumlah: LEBIH RM154.2 BILION!
2. TAPI.....

Hutang 1MDB belum dibayar: -RM42 bil
Hutang negara makin meningkat: RM362 bil (2009) -> RM630 bil (2015) -> RM873.8 bil (2018)
Projek mega menambah hutang: ECRL pinjam RM60 bil dari Exim Bank China

Mana perginya duit #GST???
Read 8 tweets
There was a Time -When Dr. Rabindranath Tagore used to endorse Soap in Advertisements 🤔 Circa 1922
#Once_Upon_A_Time
When Room in Taj - Mumbai was available for Rs.6/-
( Picture Via #OldIndianAds )
#Once_Upon_A_Time
When Indian Tourism Advertisement used to feature street from Lahore 😌!! Circa 1935
( Picture Via #OldIndianAds )
Read 21 tweets
When Paid Media, Liberals & Commies are bought by opposition to defeat a successful leader Modi, it's time to sit back & see what Modi has done in this little time.Will this progress continue if we ignore him & let vultures come again? Pls read the thread below!👇
#WhyModiIn2019
1. #Demonetisation
Without bothering that his popularity will decline & his Govt might fall, He took this bold step. We all had inconvenience but everyone knew it was for the betterment of India. Country united in ATM Queues but the Corrupt screamed from rooftops
#WhyModiIn2019
2. #GST
We had been hearing about GST since years but it wasn't possible to bring every state, business, Lok Sabha & Rajya Sabha agree on it! Jaitley & Modi made it possible. Businesses were down temporarily but now everyone is reaping benefits of 1 Country 1 Tax
#WhyModiIn2019
Read 23 tweets
Hardik Sex CD! To divert attention from the censorship they pumped into my Internet Connection. ~ Shehla Rashid (2017)
Wifeee sent me this.
“RaGa txt to Hardik” - Sorry Dick no Hardik

~ Tehseen Poonawalla (2017)
Good Sex CD Hardik .. listened to people demand .. but also some credit to OfficeOfRG ... ~ Pallavi Ghosh (2017)
Read 17 tweets
Some thoughts on today's #GST decisions. 1. Glad the Council and Finmin have heeded feedback from consumers and taxpayers.
2. Given the magnitude of changes and suggestion of more to come maybe today marks the real #GST implementation day.
3. But no clarity yet on whether revenue neutrality will be achieved after these cuts. Or was this a case of overestimation at the start?
Read 7 tweets
Gujarat is blessed by having extremely enterprising people who have done exceptionally well worldwide: Former PM Manmohan Singh in Ahmedabad
Modi often says nothing was done in 70 years before he became the PM. Does he really mean that? Asks Manmohan Singh in Ahmedabad
Life expectancy was 31 years at independence, now it is 70 years. Is this not progress? Asks Manmohan Singh in Ahmedabad
Read 14 tweets
I don't know about elections. But last week in Rajasthan - I have heard innumerable stories about small businessmen just wrapping up their companies. All impacted by #Demo and #GST. You guys can make a mockery of people's problems - but truth is people have been impacted.
My husband and I were in a car discussing GST and Modi along with Gujarat election - our driver suddenly says - Are Modi jee ko toh bas karna hai 'Mere Pyaare Bhaiyon aur behenon'. Madame humara mehendi ka business tha - band kar diya. Ab gaadi chala rahe hain.
My husband's cousin starts chatting up GST and how our company is handling filing. I gave him a lowdown on how we have hired a firm to manage.

He says - For TWENTY TWO days no business happened for us.

Do you understand what is 22 days without work?
Read 10 tweets
He did it,
So you can also do it! #ArnabDidIt
Chitra madam's whataboutery journalism lessons continue..
She sees a better propagandist than her in prodigal Arnob! Birds of same feather!
QN is why wearing masks? Just shed that journalist tag! 🤣
When I see the way she is now peddling propaganda & selling her bigotry covered with sophisticated words, serious doubts about that Bofors
Read 29 tweets
Related hashtags
Did Thread Reader help you today?
Support us: We are indie developers! Read more about the story
Become a 💎 Premium member ($30.00/year) and get exclusive features!
Too expensive?
Make a small donation instead. Buy us a coffee ($5) or help for the server cost ($10):
Donate with 😘 Paypal or  Become a Patron 😍 on Patreon.com