As of now Indian GST system is a failure.
We realized many years back, first govt should focus in ensuring proper value creation in every transaction in India.
India is a place, where people relax, take it easy type. Nobody cares(about quality or finishing or customer satisfaction) in India.
We have habit of just take the money and run.
To explain clearly how to create value below is example
https://medium.com/takeaway-chuck/five-man-super-nation-9bc384efba29
- First they should have implemented value creation using “5 people super power technique”.
https://medium.com/takeaway-chuck/five-man-super-nation-9bc384efba29
For the above technique “sufficient money circulation is needed in economy. This does not exist in India.
2) Banking money is 100% useless in India.
So they should allow “Capitalization using hurricane method”. This is explained in https://medium.com/@rameshbn/the-hurricane-economics-for-startups-and-investors-275b3cc6e556
3) After (1) and (2) is completed, then GST will start giving benefit to India.
4) Then reform of banking can be done.
Summary
- Putting tax on baby when it is born is of no use.
2) First give training to Baby to be productive. The tax the value it created. This is the way to go.