Comments by "Raju" (@rajx7120) on "'Union Budget is not corporate India’s wishlist. Tax breaks can’t solely drive profit'" video.

  1. ​​​ @SPrabhakar Why not? We can tax at point of sale above a threshold value of transaction, by levying GST. This point is a mandi, rt now and could be anywhere, when farm laws are implemented. And all such transactions should be tracked for total value, to see if a farmer moved to higher slab. The concept of input tax credit, will incentivize tax compliance. Since, small transactions are not taxed, then buyers will try to buy small amount from more farmers, than buying all from one big farmer.
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  2. We can tax farm income through GST to the buyer at point of sale, above a threshold, and use concept of input tax credit. If a single buyer is buying a lot of farm produce, then they should pay tax. To offset this tax, buyer should ask GST number from the farmer. If he bought more than a threshold from a single farmer, then that would be taxable, and buyer should ask for input tax credit, to get refund, whereas that particular farmer will have to pay his tax. We can sweeten the deal by giving giving back a negative tax to very small farmers. This will encourage, buyers to buy small amounts from more small farmers, encouraging equity among farmers.
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  3. ​ @dukhi_aatma372 Taxation is not totally bad. But if only few people pay all the tax, that's not good. GST was a big reform against tax evasion. Should be extended to agriculture.
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