Budget 2015 – essential goods and services must be exempted from taxes for poor people and subsidies must be only for poor people.
By: – DEVKUMAR KOTHARI
Budget – Tax Proposals
Dated:- 4-3-2015<\/p>\n
The budget 2015 has given benefit for poor people by way of common pools and not directly. Any person whether poor or rich has to pay taxes similarly for many essential items for consumption or services. This is not justified.
\nTaxes must be according to capacity to pay:
\nThe well-known cannon of taxation is that tax must be according to capacity to pay. Therefore, there must be some regard and relaxation for essential goods and services.
\nSome common items becoming costlier or cheaper for common and other people.
\nBhojan and essentials for living -commonly known Roti, kapra aur makan:
\nEssential goods and services are equally important for poor and rich. Therefore, there must be some regard for poor people.
\nThe quantity and quality are important factors. A poor man consumes man<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n you will have to pay more for = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n anels, LED lights and LED Lamps = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n me aware of disclaimer option for subsidy I requested , my wife CA Uma Kothari and my daughter Dr. Shweta Kothari -Singla, (both are subscribers for LPG cylinder in their names) and both have disclaimed subsidy in their subscribers accounts. In my articles, I have appealed to readers who are professionals and well to do and can forgo subsidy. I spoke to some other professionals and executive, but I found response not very encouraging. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Budget 2015 – essential goods and services must be exempted from taxes for poor people and subsidies must be only for poor people.By: – DEVKUMAR KOTHARIBudget – Tax ProposalsDated:- 4-3-2015 The budget 2015 has given benefit for poor people by way of common pools and not directly. Any person whether poor or rich has to … Continue reading “Budget 2015 – essential goods and services must be exempted from taxes for poor people and subsidies must be only for poor people.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-606","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=606"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/606\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nSmoking and consumption of other tobacco items will be more expensive,
\nGood for society as a whole – for better health and environment. Less use of tobacco for smoking will reduce carbon emission also. However, considering that tobacco is an essential item for many poor people also,- they must get some concession.
\nAll services becoming costlier
\nFor poor people there must be some exemption on essential services. For example telephone , mobile phone, internet bill up to ₹ 300\/- per month can be exempted.
\nSimilar concessions must be be given for other items of essential nature.
\nCompletely built imported commercial vehicles.
\nCement
\nFor affordable housing some concession must be given – area wise or for first time small house at least.
\nAerated, flavoured drinks and packaged water
\n Packaged water must be exempted, it is essential. On many railway stations, bus stops we do not find good quality water for drinking.
\nAerated, flavoured drinks can b<\/p>\n
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\nThe government authorities must also take care to see that quality of such goods improves and one has to be satisfied with made in India product, of “top class quality good”.
\n Solar Water heater
\nPacemakers
\nMal practices in medical services to implant pacemakers even when not necessary msut be curbed.
\nAmbulance
\nNot only chassis, other parts of ambulance must also be made cheaper.
\nAmbulance services
\nIt is an essential services – must get full exemption.
\nComputer tablets
\nAgarbattis
\nAgarbattis are made of artificial scents and are not good for health. They pollute environment. So only small size of agarbatti should get exemption.
\nSmoke of dhoop, dhoop batti is also not good for enviornment. The smoke is smoke it causes carbon , gas and heat emission.
\nMicrowave ovens
\nNot affecting poor people.
\nRefrigerator compressors
\nNot affecting poor people.
\n Peanut butter, packaged fruits and vegetables
\nEssentials like vegetables must be fully exempted.\n<\/p>\n
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\nTherefore, it is very difficult to have voluntary disclaimer of subsidy. As suggested by me in my articles the disentitlement must be compulsory for people living in Pucca houses (a standard can be prescribed) and those having income above certain limit.
\nLet us hope that appeal of honorable FM is considered and our MP's disclaim voluntarily subsidy on LPG cylinders. As per my feeling even servants working in pucca houses must not be entitled for such subsidy because the cooking fuel is provided by the employer.
\nIt is unfortunate that many rich people a<\/p>\n
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