Showing posts from October 22, 2017

When the US is simplifying tax, India is complicating it: Chetan Bhagat's thoughts

Since the Indian government is willing to improve its recent Goods-and-Services-Tax (GST), Chetan Bhagat shares his thoughts:

1. Rates are too many
2. Rates are too high
3. Luxury should not be taxed more
4. Returns process is too complex
5. GST is based on the belief that Indian business folks are thieves.

The result: businesses and entrepreneurs are suffocating.

Read the article.