Discover and read the best of Twitter Threads about #gst

Most recents (24)

#Sensex@36000+ for 1st time since 11thMarch

Rupee/$ 75.01,best since 27th March

#BajajAuto sales@2.78Lakh units, for June,up 119% MoM

#GST revenues for June,90917Cr

#AxisBank to raise $2bn from PEs

RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#HeroMotoCorp,world's largest wheeler company,sold 4.5 lakh units in June 2020

This is a massive 302% growth over 1.12 lakh units,despatched in May 2020

This stellar performance came,in midst of a raging pandemic

Leftists& #Twitternomists, quiet😑

#GreenShoots #Modinomics💪
#UPI transactions in June hit all time high of 1.34 billion in terms of volume,Vs 1.23 bn in May2020

Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May

Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia

Read 5 tweets
BUSINESS EXCELARATOR PROGRAM is a unique program for entrepreneurs to provide practical strategies to identify growth opportunities & overcome current challenges.…

Questions that will be answered in this program:
Question #1: Have you defined department-wise Key Performance Indicators (KPIs) based on specific goals & targets to measure whether your business objectives are achieved?

#performance #business #program #covidsolution #covid19 #msme #AtmaNirbharBharat #lockdown
Question #2: Do you get the Key Performance Indicators (KPIs) of your company as a Business Summary Dashboard on a daily basis to monitor & measure the progress of your company?

#business #program #covidsolution #covid19 #msme #AtmaNirbharBharat #Lockdown5 #startups
Read 24 tweets
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
"சட்டப்படி" கடனா.?!
அது எப்படி.?!"

ஊருக்கு வெகு தூரத்தில் உள்ள ஒரு இடத்தில் 100 ஏக்கர் பூமி வாங்குவார்கள். அந்த பூமி வறண்டு காய்ந்து போய் இருக்கும்.

சும்மா கொடுத்தால் கூட யோசிப்பார்கள். இத்தகைய இடங்களில் ஏக்கர் 1 லட்சம் என வாங்கி விடுவார்கள்.
100 ஏக்கரும் சேர்த்து 1 கோடிதான்.
பின்னர் அதன் ஒரு பகுதியில் ஒரு ஏக்கரை தங்களது உறவினர் பெயரில் ஏக்கர் 50 லட்சம் என பல மடங்கு அதிக விலைக்கு விற்று அதன் விற்பனை விலையான 50 லட்சத்துக்கே முத்திரைத்தாள் வாங்கி பதிவு செய்து விடுவார்கள்.

இனி அந்த பகுதியில் ஏக்கர் 50லட்சம் என்பதுதான் அரசு வழிகாட்டி மதிப்பீடு ஆகிவிடும்.
பத்திரப்பதிவு அலுவலக முத்திரைத்தாள் விதிகளின்படி குறைத்துதான் மதிப்பீடு செய்யக்கூடாது.

அரசுக்கு அதிக வருமானம் கிடைக்க வாய்ப்பு இருப்பதால் அதிகமாக மதிப்பீடு செய்ய தடையில்லை.

100 ஏக்கர் பூமியின் சர்வே எண்ணிலேயே விற்பனை செய்யப்பட்ட இந்த ஒரு ஏக்கர் பூமியும் வருகிறதா.?!
Read 17 tweets
All MPs have welcomed centre's decision to cut salaries & use it for #Covid_19india relief measures but what stuns us is the arbitrary idea to redirect #MPLADS funds for the next 2 years as well towards the centre's fund of choice. #corona
#DMK party president Thiru MK Stalin had directed MPs & MLAs to contribute our salaries towards #corona relief measures even before the central govt asked for it. MPs & MLAs have also contributed substantial portions of their local area funds for their respective constituencies.
Read 12 tweets
Finance Minister Nirmala Sitharaman addresses the media on the statutory and regulatory compliance matters in light of the #CoronavirusOutbreak. #BQLive

Live blog:…
Close to finalising economic package; will announce details shortly, says FM Sitharaman.

Watch LIVE:
Last date for FY19 Income Tax returns extended to June 30: FM Nirmala Sitharaman.

Watch LIVE:
Read 15 tweets
1. Finance Min Nirmala Sitharaman’s claim that the Indian economy is witnessing “green shoots” of recovery is a “problem" & #EconomicSlowdown is here to stay, India's former chief statistician Pronab Sen told me in this interview.Key points in this #Thread
2. Last week, FM Sitharaman said Indian economy was "not in trouble" & there were "green shoots" of recovery citing good numbers from 7 economic indicators, including high FDI & #GST collections. Few days later, 2 key indicators showed poor numbers
3. Consumer Price Index (CPI) in Jan '20 was @ 5 year high of 7.59% & Index of Industrial Production (IIP) in Dec '19 fell to -0.3%, taking sting out of FM Sitharaman's claim of "green shoots". Thus, here, Sen cautions against using such exaggerations:
Read 15 tweets
Direct tax proposes a new optional #tax regime optional for taxpayers.
Under the new tax regime – tax rates are as follows
Up to 5 lakhs – 0%
5 lakhs to 7.5 Lakhs – 10%
7.5 Lakhs to 10 Lakhs – 15%
10 Lakhs – 12.5 Lakhs – 20%
12.5 Lakhs to 15 Lakhs – 25%
More than 15 Lakhs – 30%
DDT has been removed. #DDT will be taxed in the hands of individuals at their slab rate. With DDT scrapping, govt lets go of Rs 25,000 crore revenue.
Audit Turnover threshold has been increased from Rs. 1 crore to Rs. 5 crores. #Budget2020
Read 10 tweets
Day 18 of #ParliamentWinterSession

The #CitizenshipAmendmentBill listed for discussion, passage in #RajyaSabha today

But RS has had a stormy start of the day and is currently adjourned till 12pm due to protests by MPs- on states not being paid #GST compensation!

#RajyaSabha starts debate on #CitizenshipAmendmentBill2019

Sukhendu Shekhar Roy, TMC raises objection to discussion and wants it to be adjourned as intent of Bill is to provide protection to those fleeing from religious persecution, but same not mentioned in Bill at all.
But Chair states that he has perused the Bill and it is order and discussion starts

Amit Shah, Home Minister starts his speech on #CitizenshipAmendmentBill2019

It was expected that minorities in Pakistan and India will be protected, but same didnt happen

Read 112 tweets
“Unlike you people, we take a break at this time of the year,” said Samir Pal, one of the idol-makers who earn their livelihood from Kumartuli. “But this year, I wish I was still working because we hardly made any money during Durga Puja. #GST #BJP
We paid almost double for raw materials because of GST (Goods and Services Tax) but were unable to pass on the burden to customers because idols are exempt from GST-Samir Pal #BJP
He further rued: “Parties (customers) think nothing of spending lakhs of rupees on decorating pandals, but they grumble if we hike the price of idols even by a few thousand rupees. No wonder our children don’t want to take up our profession.”
Read 7 tweets
My experience as a small #entrepreneur with #GST
Let us agree on something nothing is perfect. And the current #GST is certainly not perfect but the pertinent question is if it worse than the indirect tax regime it replaced ?

To give context of how bad or good #GST is we have to look at what existed before.
There used to be the dreaded "General Sales Tax" (not GST), where the "dealer" had to renew their registration each year and all their business accounts had to shown to the department which incurred "curious" expenses, failing which let us say you aren't doing any "business"
Read 47 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
In every political system, that is the percentage of wealth ownership. It could be a few percenntage points here and there. But neither democracy, nor communism or any other form of govt has been able to find solution to it. Things begin to hurt when there's no growth in wealth
India's current problem is decelerarion in growth. That happened because govt stopped wealth creation for the bottom 60% through farm product price control and demonetization. GST ate into the margins of informal sector aggravating the situation.
If Bottom 60% makes wealth, the top 10% becomes wealthier because it owns the means of production and financial institutions. The other 30% earns more money through distribution and services. This is the natural structure of societies since industrial revolution).
Read 14 tweets
Since no Sarkari economist will tell you this, I must.

1. #Demonetization was a blunder. It was a shock that broke momentum in the economy.

2. #GST is a continuing blunder. Govt. is still in denial. Instead of rectifying things, it continues to compound problems.

But ..
.. all this well known. What is not known & acknowledged is that China has devised our MSMEs.

3. We have to appease China b/c our borders & politically vulnerable. Note politically. So we run a $60 b annual trade deficit with China that wipes out small industries & businesses.
The Govt. has no guts to take up the trade issue with China forcefully, lest China embarrass the Govt. with a Doklam kind of incident on the border. Having politicized security policies, Modi ji has made his Govt. very vulnerable to blackmail on the border.
Read 5 tweets
Before elections, use #NRC as a tool of propaganda, @AmitShah used it in election rallies.
When it turns out, the BJP's own support base is caught, suddenly they aren't termites anymore.
Like Demonetisation & GST, another botched up venture by the BJP.
@AmitShah Years ago, MMS proposed the Indo - Bangla Land Border Agreement, to exchange the adverse land holdings the two countries had in each others territories.
The rational was, better & more effective vigilance of the border, thus preventing illegal migration.
The BJP & Modi specifically opposed the Indo - Bangla LBA, vociferously & just for the heck of it.
@SSAhluwaliaMP & other BJP leaders held Tiranga hoisting programs on border outposts, not a inch of Indian territory will be ceded, they said.
Read 10 tweets
Thread on some #KeyTakeaways from #LokSabhaElections2019 results:
1. There was always a #Modi wave but the #LeLi Commentariat insisted it was an undercurrent against Modi and #BJP.
2. Losses in Rajasthan, MP and Chhattisgarh in 2018 were an aberration and not a trend. 1/n
3. Vote transfers do not happen between historically hostile parties. Anticipated vote transfer did not happen in #UP. SP-BSP #MahaGathBandhan was nonstarter.
4. Never mind the bunk peddled by pop political analysts. #India would prefers Government with single-party majority. 2/n
5. Mamata Banerjee underestimated Hindu backlash to her brazen Muslim appeasement and pandering to illegal Bangladeshi immigrants.
6. She overestimated the ability of party goons to strike fear among voters. It took 34 years for LF to unravel; TMC less than 10 years. 3/n
Read 11 tweets
This thread will list down the 75 reasons why everyone should vote for @narendramodi and @BJP4India

Thanks to @muglikar_ and @IndiaPeCharcha for coming up with these brilliant 1 minute videos.

My effort here is to list all the 75 reasons in a single thread
#Reason1 - @BJP4India MPs work for you.

👉 #Attendance #DiscussBills
👉#PassLaw #75ReasonsToVoteForModi #PhirEkBaarModiSarkaar

#1MinuteTalk by @muglikar_ and @IndiaPeCharcha -

#Reason2 - Electricity for All

👉 100% Rural Electrification #DeendayalGramJyotiYojana
👉 Electrification of 100% households #Saubhagya

@PiyushGoyal @grameenvidyut

#75ReasonsToVoteForModi #PhirEkBaarModiSarkaar

#1MinuteTalk @muglikar_
Read 76 tweets
हाँ #MainBhiChowkidar हूँ।

जो 60 साल तक नामुमकिन था वो अब पीएम श्री @narendramodi जी के नेतृत्व में मुमकिन हैं। #ChowkidarPhirSe

1). जितने गैस कनेक्शन देने में कांग्रेस को 60 साल लग गए, उतना गैस कनेक्शन सिर्फ 5 साल में दे दिया क्युकी मोदी है तो मुमकिन हैं। #ModiHaiToMumkinHai
जिस जीएसटी #GST को कांग्रेस 20 साल तक लागू नहीं कर पाई, उसको सिर्फ 5 साल में अच्छी तरह से लागू करके टैक्स कलेक्शन 1 लाख करोड़ के पार पहुंचा दिया।

जो कांग्रेस सैनिकों को वन रैंक वन पेंशन #OROP नहीं दे पाई, उसको 5 साल में दे दिया गया क्युकी मोदी हैं तो मुमकिन हैं। #ChowkidarPhirSe
4).बांग्लादेश के साथ सीमा विवाद को जो कांग्रेस 60 साल में हल ना कर सकी, उसको 5 साल में सुलझा लिया गया।

5).जिन परियोजनाओं को कांग्रेस 60 साल में पूरा ना कर सकी, उनको 5 साल में पूरा करके राष्ट्र को समर्पित कर दिया गया क्युकी मोदी है तो मुमकिन है।
#ChowkidarPhirSe #MainBhiChowkidar
Read 14 tweets
🇮🇳Namo Namo🇮🇳
Here I am starting a long thread which will list down hundreds of reasons why we should all vote for @narendramodi and @BJP4India in the coming general elections!!!
#ModiOnceMore #ModiAgain #AbKiBaar400Paar
@ModiOnceMore @Youth_4Modi
All are fact based data. Appropriate links are provided to validate every achievement. #Modi4NewIndia #MainBhiChaukidar
(1/n) Fragile five to Fastest growing economy - India listed in Fragile five in 2014 - Fastest Growing Economy in Jan 2019
#ModiOnceMore #ModiAgain #AbKiBaar400Paar
@TeamNamoBrigade @namo_bharath
Read 24 tweets
Performance of @narendramodi ji 🙏

👉No of un-electrified villages - Zero

👉Length of #RuralRoads -1,93,524 km

👉 Beneficiaries under #PMJDY - 34,03,00,000

👉#LEDs distributed under Ujala -

👉#LPG connection under Ujala -

👉Amount of #GST collected till Dec18
-1,61,16,92,00,00,000 ₹

👉Subscribers Under Atal #pension -1,24,00,000

👉Gram Panchayat Connect #opticalfibre -1,23,489

👉#DBT -₹59,88,13,30,00,000

👉Children Vaccinated under Misson #Indradhanush -3,37,000(2/6)

👉Loans sanctioned under #MudraYojana -15,59,30,035

👉Houses completed under #PMAY -

👉No of #Farmers registered on e-NAM -1,40,00,000

👉Total no of free treatment under #AyushmanBharat-9,93,103

👉Open defecation Free #villages- 5,48,452(3/6)

Read 7 tweets
In just about two hours, Prime Minister @narendramodi’s government will present its last budget before elections due later this year. Experts say they’re expecting big announcements as it will be the last chance to woo voters, announce policy intent ahead of polls.
Ahead of #Budget2019, markets have opened higher.
Interim Finance Minister @PiyushGoyal begins presenting the last #Budget of the @narendramodi government.

It's expected to be a populist budget- with several policies likely to be announced with an eye on the 2019 polls.

Experts make last pitch for fiscal prudence.
Read 40 tweets
#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

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