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India is the only federal nation with true GST. I am excited about the far reaching effects of GST.
by ultramode 9y ago
India is the only federal nation with true GST. I am excited about the far reaching effects of GST.
- pvsukale3 9y agoCan you elaborate what is "true" GST and how is it different from others?
- skrause 9y agoThe way https://www.quora.com/What-is-the-difference-between-a-VAT-and-a-GST https://www.quora.com/What-is-the-difference-between-a-VAT-a... describes the difference between VAT and GST to me it seems that GST is very similar to the German Umsatzsteuer which also applies to goods and services equally. And Germany is also a federal nation which has had this unified tax for decades.
- masklinn 9y ago> describes the difference between VAT and GST to me it seems that GST is very similar to the German Umsatzsteuer which also applies to goods and services equally. That link seems to be splitting semantic hairs, VATs usually apply to goods and services equally. That's the case of Switzerland (also a federal nation) with a standard 8% VAT on all goods and services (some goods and services have reduced and null rates). It's also the case of non-federal countries with a VAT e.g. France.
- svennek 9y agoYeah, or Denmark, where our VAT is paltry 25%... on everything...
- fpoling 9y agoIn Norway the situation is similar. There is 25% VAT on most goods and services, but food is taxed at 15% and transportation at 10%. That non-flatness leads to a ridiculous situation when restaurants or other places serving food have to charge different rate depending if the food is take-away or will be consumed inside. The latter is considered a service and must be charged with 25% tax while the former is treated just as food with 15% tax.
- nevdka 9y agoAustralia is a federal nation with a GST. How is India's different?