Discover and read the best of Twitter Threads about #gabbarsinghtax

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Why GST is called Gabbar Singh Tax .... "

1. If you don't have cooking arrangements, you can't even ask for it, spend money, order food, pay tax on it and the fees of whom you order will also be taxed. +

#GabbarSinghTax
2. If you are unable to pay the bank installment, the bank will charge the fine, the government will charge tax on that fine.

3. If you are going to someone's death, take travel ticket in hurry, then the ticket will be expensive and the government should also want tax on that +
4. If you get sick , take care of private hospital the government should serve. There is tax on medicines. If the Covid vaccine is not given by money yourself, then it became free. Taxes must be on him again. +

#GabbarSinghTax
Read 12 tweets
BJP Govt is looting millions of honest #MSMES and destroying them with draconian #GabbarSinghTax. GST imposes heavy late fines and charge 18% on #GST amount.

Pandemic situation and Govt insensitivity collectively destroyed MSMEs.

#4YearsOfGabbarSinghTax
#MSMES are the backbone of the country and employment generation engines. Millions of honest taxpayers MSMES are victims of GST.

Many genuine MSME lost their business in this Pandemic and GST hammered them further to wipe them out of the market.

#4YearsOfGabbarSinghTax
2/n
GST charges 10,000 Penalty/month/return and 18% interest on principal GST amount. eg. if 100,000 GST is delayed.

GST charges 10,000 late fine + 18,000 Interest = 1,28,000.

Struggling MSMEs are made to pay 28,000 extra for 1,00,000 GST liability.

#4YearsOfGabbarSinghTax

3/n
Read 5 tweets
Claiming that our economy sank because of an Act of God, is to cover up the Acts of Fraud over past 6 yrs like #DeMoDisaster #GabbarSinghTax spiralling bank frauds & other Modi masterstrokes to push India into a slowdown by 2017

It's #ModiMadeEconomicCrisis
#BJPAbandonsStates
Tax collected in first 6 mths 2019-20 was lowest since 2014-15 & just 37% of full-year target

#ModiMadeDisaster squeezed India to death with taxes, & killed the goose that laid golden eggs

Much before Covid!

#ModiFailsIndia
#ModiMadeEconomicCrisis

theprint.in/economy/tax-co…
India’s fiscal deficit touched 93% of budget estimate in just 6 mths of FY19-20

The gap between expenditure & revenue was Rs 6,51,554 Cr(Rs 6.52 Trillion) by Sep2019

Modi gave us👉Rs 6 Trillion deficit last year

Before Covid!

#ModiMadeEconomicCrisis
thewire.in/economy/april-…
Read 5 tweets
#HappyDiwali to all of you who are registered under #GST !

Cause, post Diwali u wouldn't be happy!

I visited my CA friend in the morning. He flagged off the massive inconvenience that may be caused to businesses & MSMEs cause of Notification No.49/2019 dated 9th October 2019.
Let me explain :

1. Returns determining tax liability are mandatorily required to be filed before 20th of November. Known as 3 B

2. Details of sales / purchase (R1) is to be filed by 10th November.
3. The new rule provides that you can take credit in 3B only to the extent of that which shows in 2 A ( which is nothing but a compilation of R1 of your suppliers) + 20%.

4. Did you understand anything ?

No ?

Now, listen carefully -
Read 7 tweets

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