TAXES HIDING BY LOCAL AGENT AND LOCAL BUSINESS PEOPLE.
The items selling by the people of India hiding huge amount of Taxes from the Government. They are paying a mere amount to the Government out of selling goods. In our country their is an MRP(Minimum Retail Price) shown on the packets are not real one. The production companies are selling the items to the dealers on half price of the MRP shown on the packet. The people of our country is not honest with the government. They intent to become rich in the society and grief to sell the goods by way of high marginal prices to the consumers. There is no alternative rules introduced by the government for cross check the items for verification of the price given on the packet.
I suggested to the government of India to introduce Factory Production Taxes on the MRP price printed by the company instead sale Taxes and VAT. If it is introduced by the government, the source of income can be double the present income from the goods. The sale tax officers to verify the items removing from the factory and stamped on the invoices and collected the Sale Tax from them then and their. The general selling people have given the right to VAT for 3% or 5% for their benefit. These income need not be for benefit of the government but its given to them as a reward for doing business in the country. They shall be paid Income Taxes only to the Federal Government.
If it is introduced by the government the duplicate items can prevent from the market and the honesty can be restored in the country and also the deficiency of the financial crises can be solved. The important point is that the prices can be lower down by the government.
The items selling by the people of India hiding huge amount of Taxes from the Government. They are paying a mere amount to the Government out of selling goods. In our country their is an MRP(Minimum Retail Price) shown on the packets are not real one. The production companies are selling the items to the dealers on half price of the MRP shown on the packet. The people of our country is not honest with the government. They intent to become rich in the society and grief to sell the goods by way of high marginal prices to the consumers. There is no alternative rules introduced by the government for cross check the items for verification of the price given on the packet.
I suggested to the government of India to introduce Factory Production Taxes on the MRP price printed by the company instead sale Taxes and VAT. If it is introduced by the government, the source of income can be double the present income from the goods. The sale tax officers to verify the items removing from the factory and stamped on the invoices and collected the Sale Tax from them then and their. The general selling people have given the right to VAT for 3% or 5% for their benefit. These income need not be for benefit of the government but its given to them as a reward for doing business in the country. They shall be paid Income Taxes only to the Federal Government.
If it is introduced by the government the duplicate items can prevent from the market and the honesty can be restored in the country and also the deficiency of the financial crises can be solved. The important point is that the prices can be lower down by the government.
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