NAVEEN SHARDA
2 साल 5 महीने पहले
1. Scrap Individual Income Tax and concentrate on GST and fill loopholes in GST evasion to increase collection and reduce cash transaction. This should compensate for IT.
2. By scraping IT, people will not have reason to accumulate black money. This should also give a boost to economy as that money will come in market by way of investment or purchase.
3. Bad debt is one of the big concern for every businessman offering credit. In GST you can incorporate a section for reporting bad debt above say 180 days with ledger details which should be reduced from customer input credit in GSTR2B. Without paying this, customer should not be able to file GSTR3B. After customer pays this amount, businessman should get this amount as input credit in next months filing. In case of false claim, businessman should be penalized so that no misuse is done.
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