Taxation in India is SCAMMED and implementation is SCANDALOUS that has led to a situation where rich states are becoming richer and poor becoming poorer.
I was stunned to see Online Pizza made in Village Factory delivered was taxed 18.5% [VAT 12.5% and Service Tax 5.6% Plus Cess].
VAT & SERVICE Tax administration doesn’t distinguish between a Five Star establishment and a Village Factory. A Pensioner aged 86% is now subjected to 10% TDS for annual income of Rs.50,000/- on Fixed Deposits. Luxury Products for the Consumption of SUPER RICH are Taxed Lower than even food factories. Banks are FUNDING SCAMMED CORPORATE than New Enterprises. Banks are promoting HOARDING – TRADERS – sanctioning Working Capital when CORPORATE had pending Dues of Suppliers for 6 months & Had Taken Advances from Agencies & Distributors.
National Vice President,
Akhil Bhartiya Patarkar Manch.
The Editor New Delhi, India News
New Delhi-Agra,India News:
Vice President,Delhi Chapter,
The Newspaper Editor's Society.
CEO:Enkay Sagar Holdings P Ltd:
Former Secretary,Delhi Region
International Theosophical Society.
The Spiritual Motivator:Consultant.