GST – The Games of Taxes

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If you are thinking from the onset, “oh well, this is stale”, then my urge to share the hilariousness that GST has spawned, rebukes your opinion.

GST, better known as Goods and Service Tax, has been set on the principle of “one nation, one tax, one market”. Constantly bogged down in debates since its first proposal in 2003, GST finally hit the nation on July 01, 2017. More than 1200 products from your regular morning tea to vehicles have been placed under four broad categories of taxes, with health, education services and unbranded products being exempted.

While GST won’t be all that bad for the vast digital marketing world, a little setback is however expected to be seen on the advertising industry after it had fallen under the additional 6% tax, called equalization levy, earlier last month for transnational entities like Google, Twitter or Facebook. The issue can however be sorted through some readjustment in the interim strategies especially in this preliminary stage of the tax roll-out.

Let’s meanwhile have a peep into what all has been put out about the noble venture made by the Indian Finance Minister, on social media –

  1. The P.M. be like, it’s a “Good & Simple Tax”, what part do you not understand –

 

  1. Meanwhile Mr. Jaitley be like –

 

 

  1. The Grand welcome –

 

  1. With a 28% GST applicable on Beauty parlor and restaurant services, husbands must keep reminding their wives that they are naturally beautiful –

 

  1. In India, even the “well-to-do” people cannot do all well –

  1. Not all that bad after all, huh?

  1. Ache din!!!! Really???

 

  1. Apt reply or what?

  1. As the shining opportunity for all CAs is here, others be like –

 

 

  1. No comments**

  1. People with no money to spend be like

 

 

Read and enjoy the above, but do let us know what your take on GST in the comment’s section. Seriously, if you have made a New Year like countdown for GST (‘cause I have) and have more to express than a comment can hold, you can send us your piece too.

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