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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/...
- logicuce 9y ago
  Isn't it that UP elections, which happened after demonetization, were a clean sweep in favour of BJP? From what I understand UP voters are a good proxy for sentiments of traders, daily wage laborers and middle class. They seem to have accepted it with a bang. In the article you shared, there are mentions of celebrated economists siding with both camps. I will leave up to the chosen government to weigh in those opinions and make a move. Coming to GST - the earlier tax system was much more complex and leaky. If your turnover is below 75 Lakhs (small traders) you can opt for composition scheme which is even simpler. If your turnover is higher, it should be fair to assume your business is big enough to have a computer operator who can file 3 returns (excel sheet I guess) every month with benefits of input credit.
  - kranner 9y ago
    The popular theory for why the UP election was won by the BJP was that their candidates had advance notice of demonetisation and stocked up on lower-denomination notes (and later were the first ones to receive the new notes) whereas other parties were left with worthless stacks of old cash. I shouldn't have to explain why in India more cash to distribute means more votes.

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/...

logicuce 9y ago
Isn't it that UP elections, which happened after demonetization, were a clean sweep in favour of BJP? From what I understand UP voters are a good proxy for sentiments of traders, daily wage laborers and middle class. They seem to have accepted it with a bang. In the article you shared, there are mentions of celebrated economists siding with both camps. I will leave up to the chosen government to weigh in those opinions and make a move. Coming to GST - the earlier tax system was much more complex and leaky. If your turnover is below 75 Lakhs (small traders) you can opt for composition scheme which is even simpler. If your turnover is higher, it should be fair to assume your business is big enough to have a computer operator who can file 3 returns (excel sheet I guess) every month with benefits of input credit.
- kranner 9y ago
  The popular theory for why the UP election was won by the BJP was that their candidates had advance notice of demonetisation and stocked up on lower-denomination notes (and later were the first ones to receive the new notes) whereas other parties were left with worthless stacks of old cash. I shouldn't have to explain why in India more cash to distribute means more votes.