Saturday, May 20, 2017

Taxation.. the shock from India's GST rates finalisation today

I believe our nation's reforms are more of a burden to the law abiding middle class than any rescue.. unfortunately even my hope called NAMO: Narendra Modi seems to fail to be a friend of the striving majority of Indian middle class.

Taxation is a requisite but government's majorly depending on it as its predominant source of income is worrisome.. would love to have in public domain in clearly accounted numbers as to where this taxed money gets spent..a balance sheet presented to public rather than budget is a need of the hour in a nation like ours with a high share of corruption.

Its wierd that we have high taxes and yet remain backward to most nations which are developed in recent past or are in process of being developed. Even China with similar numbers in populace is less taxed than us. I am afraid we the striving middle class of India will turn poor soon.. thanks to inflation and taxation. Uff.. when will I have cherish from my government?!

-from a middle class Indian.

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