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GST lowering rates no benefit in long term

Kashmir Times. Dated: 11/21/2017 10:22:08 AM

Dear Editor,
Most Businessmen / companies never pass on benefits on reduction of taxes on the plea of their increased cost and other lacunas in the laws like now Restaurant owners have increase their prices as they are now being deprived off input tax credit.
Even if some branded companies / retail outfits etc. pass the benefit of tax cuts -it is to please the government for a short-term only. In the long term after some time they too increases their prices on the same plea of increased cost etc.
The best course is not to tax or have moderate rates at first instance. The government should not indulge in levying of high rates and then lower on political grounds which never results in desired tax cut benefits to consumers.
It is utmost important for the government to exempt all food items, medicines and health related products and other necessities of life. It is shame on the part of government to levy GST on wheat/Atta and on the nature's call in use of toilets and lavatories etc.
—Mahesh Kumar,
E-Mail: maheshkumar0909@gmail.com
B-49, Gulmohar Park, New Delhi.