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Showing posts from September 29, 2018

GST, fuel prices & Inflaion

It is evident and the results have shown that Govt. is making efforts in managing inflation and provide Social Services to the public e.g. providing Gas connections, light, power,education, health to quote a few and extending other benefits as well. It proves to be a fact that anything seems impossible unless it is done, and Govt. has done it. At the same time , it is a matter of concern to just draw a balance between GST and Fuel prices. In fact, both these tools play significant role in building the economy. As on date, it has now come to a level of negating the effects of Govt. efforts to control inflation which is the need of time. Following exercise will bring in more clarity to the functions of GST and Fuel prices - - GST - As is understood, GST was implemented for the purpose to cover entire trade under one              tax regime throughout. The rates are fixed/ reviewed /revised by the council which was              established to look after the trends, implications