December 2, 2020

Quotes on GST from Technocrat

Technocrat infotech Pvt. Ltd – Mr. Asif Khan,Director at Technocrat Infotech Pvt. Ltd
We believe that GST structure which would be introduced on July 01 2017, it’s going to be the most powerful tax reform in Indian History. It would be a great move to have “one nation one tax”. This uniform tax structure will surely rationalize the present indirect tax regime which will lead to a stable economic environment favourable for growth and development for all.
Further, we have an appeal to our Honourable Finance Minister to bring all the IT products under one GST rate of 18%. A uniform rate for the industry will facilitate the entire ecosystem to carry out business with ease. We have found that some of the products are classified under 28% i.e. monitors above 17”, multifunction printers, Ink & Toner Cartridges, IT speakers etc. Today monitors below 17 are almost non-existent. Education institutions, architects, etc. use minimum monitors with 18.5 to 22” . Moreover Printers are classified in 18% whereas its consumables are classified in 28%.
We hope for One Tax of 18% without exception on all IT Products and reconsideration of scrapping the system of E-way bill. Also, we continue to contribute to Digital India making IT reach for one and all.