Why I regret voting for BJP - this Govt is looting and caused crony capitalism?
Congress moved the idea of reducing Sales Tax, and introduce GST, so as to reduce 10 % CST ( central Sales Tax) hitherto, to average 4% or even less tax. Under GST, every product sale was expected to be taxed 4 % maximum, say if taxed 1% at each sale from mfrs to distributor, to Retailer , to Consumer, under GST.
But what Modi govt did, was the exact opposite. It introduced GST but instead of reducing taxes, increased the tax from 10% to 18-28%, this causing serious inflation. The vat which was to be abolished, also continued. So what it did was looted the public, instead of bringing down taxes and increasing compliance.
This govt looted you and has caused serious inflation, while reducing corporate tax to appease the crony friends. This is crony capitalism.
#modiloot #taxloot #bjploot #taxterror #GST #GSTloot