Brilliant question! I’ll begin by explaining the basic concept of GST, and then we will talk about how it affects Indian economy and how best it should be implemented.
Part ONE: Basics of GST
#1] What exactly is the issue with current tax system?
Presently, Central and State Governments levy various different types of taxes. VAT is levied when goods are sold...(more)
In addition to whathas already pointed out, I would like to add three very important ways in which GST will help our economy.
1. GST will reduce tax evasion
There is a very logical reason as to how GST will help in reducing tax evasion - All traders will insist on taking bills for all their purchases.
Let us understand this with an exampl...(more)
The original unedited question was:
How does Modi plan to fight corruption by appointing Suresh Kalmadi lifetime president?
Suresh Kalmadi is accused in CWG scam and prime minister Modi claims to be fighting corruption.
BJP and Modi supporters, who might not know the moves of the Prime Minister beforehand but have ample points to defend him every time, shoul...