Ak Singh
TF Ace
Myntra also charging approx 20rs platform fee. Loot rhe ye sab.
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GST Council may consider imposing 18% tax on payment aggregators for small transactions up to Rs 2,000
- Thread starter Abhishek012
- Start date
asahi
TF Premier
this move will kill Small Business Owners aids the corporate giants, End user will be conscious about these extra charges especially with smaller merchants. Gradually they bail out from ordering from those sites, so many small businesses using RazorPay for accepting payments, Now this 18% tax & other pre existing pain in the 
taxes will put the final nail on the coffin. Both End user & The merchant will suffer. End user either have to accept these brainless taxes or Miss their tailored products. Merchant either have to observe the extra tax or risk his customer base by passing the tax on them(this will happen mostly). India is very price sensitive market & the profit margins are very thin for small businesses, Now this blood leeching taxes are gulping these small profits also.
Irony is even after direct & so many indirect taxes, we don’t have proper infrastructure No Better health care, malnutrition, connectivity & people with no civic sense & tons of educated illiterates. It’s getting hard & hard for small businesses to compete with corporate giants it’s like putting a torch upon Sun
taxes will put the final nail on the coffin. Both End user & The merchant will suffer. End user either have to accept these brainless taxes or Miss their tailored products. Merchant either have to observe the extra tax or risk his customer base by passing the tax on them(this will happen mostly). India is very price sensitive market & the profit margins are very thin for small businesses, Now this blood leeching taxes are gulping these small profits also.Irony is even after direct & so many indirect taxes, we don’t have proper infrastructure No Better health care, malnutrition, connectivity & people with no civic sense & tons of educated illiterates. It’s getting hard & hard for small businesses to compete with corporate giants it’s like putting a torch upon Sun
It's simple. The govt is hell bent on destroying credit and debit card ecosystem by keeping on giving unfair advantagse to UPI.
Yes, you’re absolutely right. We are indeed "very shameful" because the 18% GST and all the other taxes we pay have been so effectively utilized, haven’t they?
- Just look at the incredible facilities and weapons provided to our jawans! Oh wait...
- And who can forget the world-class education and healthcare we all enjoy, thanks to that huge allocation of ₹1.48 lakh crore? Truly top-notch.
- Our infrastructure is so robust that bridges and airport terminals have the decency to collapse within just a month or a year. Such efficiency!
- The protection provided to women in this country? Clearly, a shining example for the world.
- Sports and athletes are thriving with the generous ₹900 crore allocation. We’re practically winning gold at every event!
- Basic facilities in schools and hospitals? Absolutely flawless. (Or at least, in some alternate universe.)
- And the purchasing power of the common people? It’s soaring… straight into the ground.
- Balancing wealth and income disparity in the country? We’ve absolutely nailed it… or maybe not. We’ve failed miserably there.
Our government seems to love product-linked incentives but forgets that employee-linked incentives might be a good idea too. Sure, aiming for a $5 trillion or $10 trillion economy sounds fantastic, but maybe, just maybe, it should be done by actually developing infrastructure, improving students' skill sets, and boosting purchasing power. Encouraging people to earn and spend more would grow the economy—not taxing them into submission.
And yes, while promoting UPI is wonderful, maybe we shouldn’t kill off other payment methods like credit cards. Variety is the spice of life.
To be honest, we’re not getting anything from the above-mentioned promises. It's a cycle: if they impose GST on aggregators like BillDesk, vendors and merchants just increase prices or slap on a platform fee. This ultimately reduces demand, and guess who ends up bearing the brunt of it all? The end user, with higher prices. So, the cycle continues, with the common citizen getting squeezed at every turn.
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CosmicCat
TF Ace
Wonderful comment! Truly agree with every point! However, apparently, you didn't notice the "/s" at the end of my comment as well as the hyperlink to its meaning. An "/s" at the end of a statement denotes "Sarcasm."Yes, you’re absolutely right. We are indeed "very shameful" because the 18% GST and all the other taxes we pay have been so effectively utilized, haven’t they?
The issue isn’t paying 18% GST for the nation’s development; it’s whether we’re actually seeing the benefits of what we pay. Are we getting the quality of life we’re promised?
- Just look at the incredible facilities and weapons provided to our jawans! Oh wait...
- And who can forget the world-class education and healthcare we all enjoy, thanks to that huge allocation of ₹1.48 lakh crore? Truly top-notch.
- Our infrastructure is so robust that bridges and airport terminals have the decency to collapse within just a month or a year. Such efficiency!
- The protection provided to women in this country? Clearly, a shining example for the world.
- Sports and athletes are thriving with the generous ₹900 crore allocation. We’re practically winning gold at every event!
- Basic facilities in schools and hospitals? Absolutely flawless. (Or at least, in some alternate universe.
- And the purchasing power of the common people? It’s soaring… straight into the ground.
- Balancing wealth and income disparity in the country? We’ve absolutely nailed it… or maybe not. We’ve failed miserably there.
Our government seems to love product-linked incentives but forgets that employee-linked incentives might be a good idea too. Sure, aiming for a $5 trillion or $10 trillion economy sounds fantastic, but maybe, just maybe, it should be done by actually developing infrastructure, improving students' skill sets, and boosting purchasing power. Encouraging people to earn and spend more would grow the economy—not taxing them into submission.
And yes, while promoting UPI is wonderful, maybe we shouldn’t kill off other payment methods like credit cards. Variety is the spice of life.
To be honest, we’re not getting anything from the above-mentioned promises. It's a cycle: if they impose GST on aggregators like BillDesk, vendors and merchants just increase prices or slap on a platform fee. This ultimately reduces demand, and guess who ends up bearing the brunt of it all? The end user, with higher prices. So, the cycle continues, with the common citizen getting squeezed at every turn.
My friend, my post might hurt you. If so, my apologies. But before making such statements, think for yourself—are we really getting what we pay for?
Ohh I haven't noticed thatWonderful comment! Truly agree with every point! However, apparently, you didn't notice the "/s" at the end of my comment as well as the hyperlink to its meaning. An "/s" at the end of a statement denotes "Sarcasm."
Rupay CC phle hi bahut kam log accept kar rahe ab usme se bhi kam ho jayenge.Pehle bolte hai koi digital payment like credit and debit card use nhi karta,
Jab koi karta hai toh bolte hai jyada use ker rhe hai. Chalo charge lga dete hai khud automatic band ho jayega...
Cos the volume of tax collection will be more. May be govt applying Anniyan film logic when Vikram kills chockalingam railway contractor
devine_mortal
TF Select
I'm sorry but does this mean that I'll have to pay 18% gst of the transaction charges itself if I purchased a mobile from Amazon costing upwards of 20k?
Abhishek012
TF Pioneer
Bro, we already pay 18% GST on above 2k purchases and 18% GST charged on MDR fee.
devine_mortal
TF Select
