4 ms·

Considering the impact of this reform, and the historical messiness of doing something of this scale in India, it is surprising that the govt. even pulled it of

by sonink 9y ago

Considering the impact of this reform, and the historical messiness of doing something of this scale in India, it is surprising that the govt. even pulled it off. On the ground in Bangalore, the clock stuck 12 and every retail shop started giving receipts with the simplified tax system. Im sure there will be hiccups ahead but the start looks pretty neat. The Indian govt. should be given honorary entry to YC. The world's biggest startup is going lean.

keithpeter 9y ago
And it looks like increasing computer literacy and confidence with online transactions in the larger population as well. If it lasts 10 years, then the new ones taking over the small businesses will be fine with it all.
- sonink 9y ago
  Absolutely. Pre-GST business could get by without computer/online. GST works online ONLY. This will result in short term pain and cost but bulldoze all these guys online. Companies like ClearTax (YC) will make a killing.
  - denzil_correa 9y ago
    > GST works online ONLY. This will result in short term pain How long will this "short term pain" last?
    - shiven 9y ago
      What pain? It's all achche din. Get on with the program bro, drink up the KoolAid now.
      - ankush1492 9y ago
        Unless you don't get your salary with all the things deducted and you have to worry about filing 3 different kinds of GST and have to file for input and take care of all things and hire a person to do all this and after all this, if you make a mistake and you are fyuked, you can't understand that pain. Don't be over-enthusiastic, think for other people as well.
        tacomonstrous 9y ago
        Parent was being sarcastic.
        ankush1492 9y ago
        Sorry to be sarcasm disabled.
        logicuce 9y ago
        So you mean the older tax system which had 10+ taxes without input credits was a simpler and more reasonable? Now at least people can learn few things and do it on their own.
    - keithpeter 9y ago
      I'm sure the national (federal?) government will try to ensure that the transition is a memory by the time of the next elections - I gather from OA that small business people are a part of Modi's base.
  - virtuabhi 9y ago
    > GST works online ONLY Invoices can be generated manually. Internet is required only to file the returns. https://twitter.com/adhia03/status/881428128177901570 https://twitter.com/adhia03/status/881428128177901570 - Revenue Secretary, MoF
  - kamaal 9y ago
    >> GST works online ONLY. This is some day dreaming. In a city like Bangalore, if it rains an hour. There are power cuts of up to 12 hours. Expecting people to invest in long back up UPS, internet infrastructure in every single part of India is bonkers. To start with fix basic infrastructure first. What's happening today is putting cart before the horse.
navinsylvester 9y ago
> even pulled it off. A retail shop of Bangalore(metropolitan) doesn't speak for entire India. The shop you visited already had a computer/software but ground reality is much different among traders in tier II & III cities. > The Indian govt. should be given honorary entry to YC. The world's biggest startup is going lean. The government face-planted themselves miserably with demonetization experiment. They thought it would be easy to muscle everyone to use electronic payment without understanding the ground realities. The economy is performing below expectations solely due to it and they still haven't disclosed what they have achieved(good) with demonetization. They could have planned the implementation in stages so that the transition could be done smoother. The same is going to happen with GST. They can be anything but sultans of implementation. We Indians are so resilient that without traffic signals we adjust, during floods we help each other without expecting the government - so we will be ok eventually. Wish the government cared for its majority of the people instead of catering to elitist alone.
- logicuce 9y ago
  Unable to understand how these moves are catering to the elitist alone. Will appreciate some elaborate details or pointers to the least.
  - navinsylvester 9y ago
    Who suffered due to demonetization?. The small traders, daily wage laborers, farmers and middle class who comprise the majority of India and for what. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon... Who will suffer due to improper implementation of GST?. Not the super rich or rich but everyone else. GST requires monthly three returns to be filed in each operating state and an annual report. How will small traders cope up with this sort of requirement with no government initiative?. Please read: http://economictimes.indiatimes.com/small-biz/policy-trends/gst-small-traders-trip-over-lack-of-it-infrastructure-new-invoicing/articleshow/59415601.cms http://economictimes.indiatimes.com/small-biz/policy-trends/...

by sonink 9y ago

keithpeter 9y ago

And it looks like increasing computer literacy and confidence with online transactions in the larger population as well. If it lasts 10 years, then the new ones taking over the small businesses will be fine with it all.

sonink 9y ago
Absolutely. Pre-GST business could get by without computer/online. GST works online ONLY. This will result in short term pain and cost but bulldoze all these guys online. Companies like ClearTax (YC) will make a killing.
- denzil_correa 9y ago
  > GST works online ONLY. This will result in short term pain How long will this "short term pain" last?
  - shiven 9y ago
    What pain? It's all achche din. Get on with the program bro, drink up the KoolAid now.
    - ankush1492 9y ago
      Unless you don't get your salary with all the things deducted and you have to worry about filing 3 different kinds of GST and have to file for input and take care of all things and hire a person to do all this and after all this, if you make a mistake and you are fyuked, you can't understand that pain. Don't be over-enthusiastic, think for other people as well.
      - tacomonstrous 9y ago
        Parent was being sarcastic.
        ankush1492 9y ago
        Sorry to be sarcasm disabled.
      - logicuce 9y ago
        So you mean the older tax system which had 10+ taxes without input credits was a simpler and more reasonable? Now at least people can learn few things and do it on their own.
  - keithpeter 9y ago
    I'm sure the national (federal?) government will try to ensure that the transition is a memory by the time of the next elections - I gather from OA that small business people are a part of Modi's base.
- virtuabhi 9y ago
  > GST works online ONLY Invoices can be generated manually. Internet is required only to file the returns. https://twitter.com/adhia03/status/881428128177901570 https://twitter.com/adhia03/status/881428128177901570 - Revenue Secretary, MoF
- kamaal 9y ago
  >> GST works online ONLY. This is some day dreaming. In a city like Bangalore, if it rains an hour. There are power cuts of up to 12 hours. Expecting people to invest in long back up UPS, internet infrastructure in every single part of India is bonkers. To start with fix basic infrastructure first. What's happening today is putting cart before the horse.

navinsylvester 9y ago

> even pulled it off. A retail shop of Bangalore(metropolitan) doesn't speak for entire India. The shop you visited already had a computer/software but ground reality is much different among traders in tier II & III cities. > The Indian govt. should be given honorary entry to YC. The world's biggest startup is going lean. The government face-planted themselves miserably with demonetization experiment. They thought it would be easy to muscle everyone to use electronic payment without understanding the ground realities. The economy is performing below expectations solely due to it and they still haven't disclosed what they have achieved(good) with demonetization. They could have planned the implementation in stages so that the transition could be done smoother. The same is going to happen with GST. They can be anything but sultans of implementation. We Indians are so resilient that without traffic signals we adjust, during floods we help each other without expecting the government - so we will be ok eventually. Wish the government cared for its majority of the people instead of catering to elitist alone.

logicuce 9y ago
Unable to understand how these moves are catering to the elitist alone. Will appreciate some elaborate details or pointers to the least.
- navinsylvester 9y ago
  Who suffered due to demonetization?. The small traders, daily wage laborers, farmers and middle class who comprise the majority of India and for what. Please read: http://www.dailyo.in/politics/demonetisation-noteban-six-months-failure-terror-financing-modi/story/1/17139.html http://www.dailyo.in/politics/demonetisation-noteban-six-mon... Who will suffer due to improper implementation of GST?. Not the super rich or rich but everyone else. GST requires monthly three returns to be filed in each operating state and an annual report. How will small traders cope up with this sort of requirement with no government initiative?. Please read: http://economictimes.indiatimes.com/small-biz/policy-trends/gst-small-traders-trip-over-lack-of-it-infrastructure-new-invoicing/articleshow/59415601.cms http://economictimes.indiatimes.com/small-biz/policy-trends/...