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GST

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(Querist)
18 December 2009 Dear Experts,
We all know that from the next financial year GST will be applicable.
My question is, is there any possibilities are there for job loss after applicable of GST?
Thanks and regards,
Ramu
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
18 December 2009 The proposed entry level is Rs10.00 lakhs whereas the present excise entry level is Rs1.50 cr;VAT Rs20.00 lakhs Service Tax Rs8.00 lakhs This is causing confusion in the commercial world because u can get caught by any one if u miss the line Further there is a resistance to trade with non VAT/Excise/Service tax persons as set-off is not possible on purchases GST is realistic and compliance will be uniform and good for all Dont fear of losing jobs it may increase yours.
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RAMU

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RAMU (Querist)
18 December 2009 Dear Expert Mr. Prabhakar,
I am very much thankful for your reply.
Please let me know whether I.T. industries should register for GST.
Ramu
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 December 2009 Yes, GST Covers both Goods and services Sector
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ANIL JANGID

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ANIL JANGID (Expert)
20 December 2009 Mr. Ramu no need to worry job loss
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