Well, today is the end day of March 2015...
We wouldn't realize it has been 4 month we had been in this 2015...
So, how is it going on? is it going so well? or maybe just a little bit stressed??
As we all know, in 2015 our government has decided to moved on with new strategy to increase the revenue of the government itself. So, they decided to implement the new GST remedy.
GST? What is GST?
GST which is also known as value added tax that is conducted in many countries is a multi-stage consumption tax on goods and services. GST is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution.
But why does the government want to implement GST?
Well, they said..actually our beloved prime minister said that GST is part of the government's tax reform programmed to enhance the capability, effectiveness and transparency of tax administration and management.
But how does it affects our life? How it will impacted people of our country??
Well guess what, I don't really know. I myself didn't understand how does it works. But most of us felt the pinch and feel burdened with it. I myself also feel it will burdened most of us in future because of our monthly income doesn't support our expenditure.