3 ms·
i do legal compliance/litigation for indian businesses. there are a couple of things at play here (talking about small business) 1. taxes and compliance is VER
by 2Gkashmiri 4y ago
i do legal compliance/litigation for indian businesses.
there are a couple of things at play here (talking about small business)
1. taxes and compliance is VERY VERY HARSH because the govt expects people to fuck them over taxes.
2. people DO fuck the govt over taxes. there is a normal parallel cash economy that saves a tonne of indirect taxes at the start and direct income tax at the end of the financial year.
3. businesses have this concept of "why should we pay for compliance/ books and have that work as evidence against us if things go south when we can just bribe the investigating officer and our job will be done.\
4. for the most part, "paper" is king. online works for most part but because of technical inefficiencies, paper is allowed and that makes bribery a viable solution.
5. i know of a guy in delhi-ncr who apparently advertises that he "has contacts with all the GST departments of the area and if you have any problem with the department and you need settlement, you call me. ". He recently bragged to one of his teachers about earning "1 lac a day doing this broker job".
6. there is never ending cycle of businesses finding ways to steal tax money, govt finding out and plugging them and the cycle starts again. this has the unintended consequence of a genuine business owner sees no "value" in being genuine when it actually saves them cash.
7. we do audits but i know what kind of stuff we check so being an auditor, i do not "trust" an audit report of another auditor so you can say that about the profession. ( this applies to big and small businesses the same)
8. every party is greedy and the other party knows and tries to fuck one another. that is the gist of it.
9. "meteoric rise" is absolute bullshit.
10. people "hope" that people like adani are better because they have a tonne of money so they should be better than us so we should fuck with out customers/suppliers/employees/govt because that is the only way to become like that guy.
11. everyone has known that adani is being helped by modi govt, same for reliance but no one sees that as a risk.
12. you join BJP, "all your sins will be washed away". i have seen that in a lot of places on the streets.
i don't know... i am ranting
- asdajksah2123 4y ago> 11. everyone has known that adani is being helped by modi govt, same for reliance but no one sees that as a risk. I believe Reliance is not on the good side of the govt anymore. Their sheer size means they both still play nice, but they aren't a preferred client.
- deleted 4y ago[deleted]
- SOLAR_FIELDS 4y agoFor reference, 1lac (lakh) is a little over $1200 USD