A Middle Class Person wants to Buy 2 Wheeler for his family. He works hard, saves money & test rides a TVS Jupiter. He feels it is good for his small family.
He enquires the cost.
Ex Showroom Price is ₹76000. He realizes that this price includes 18% GST (around ₹11000). 18% YES, THAT'S RIGHT. Base Price is around ₹65000.
₹13000 Road Tax Registration. Both PAID TO Government.
₹6000 for a Motor Insurance (18% GST ~₹1000 to Govt). Yes that is 18% GST.
Accessories ₹5000 (GST included)
So, now he totally has to pay ₹1,00,000.
He calculates that he eventually pays 70% to Dealer, 5% to Insurance company & 25% to Government. He has already paid 20%-30% tax to the Government in the First Place 😀😀
He feels a bit let down. But then he asks himself:
- Why am I Paying 18% GST on a 2 Wheeler when I have paid 20%-30% Tax already on my income?
- Why am I Paying 18% GST on Motor Insurance when this is supposed to Protect me in case of Accident?
- I am not taking any Loan, but still I Pay almost ₹25000 to Government just to buy a Vehicle for my Family. I pay ₹70000 to the Vehicle Dealer & ₹5000 to the Insurer. They also have to make some money out of it.
So I am actually paying Government so much for the Vehicle.
He asks these questions, but realizes that he is Middle Class. He pays the Taxes, buys the Vehicle, Takes Photograph & Goes Home to Enjoy with Family. He goes back to Work the next day, so that he can afford many other things. Cycle Continues...
This is the Story of Every Middle Class of India 😀❤️
@FinMinIndia - You need to answer the questions asked by this Middle Class Person. Don't you think?
If you are a Hard Working Honest Middle Class Reader like Me, Share this Story until the Government takes notice & Becomes Accountable.
#FI