GST is the recent tax reform that has made us all go crazy with the new taxation reformation coming into the picture. GST stands for Goods and Service Tax and will have an extreme indulgence to regular day to day transactions. GST went active today and the new reformation of transparency in the transaction got implemented with GST. President Pranab Mukherjee and Prime Minister Narendra Modi hard-pressed the knob to mark the foundation of India's biggest tax reform ever - Goods and Services Tax (GST).
The GST is a twofold taxation management, where the only two components will be Central GST (CGST) and State GST (SGST). Under such categorization, the total amount of GST for any goods or service will be distributed in both State and Central locations.
Naturally, GST has been the buzz word on social media as well with GST dominating the top trends on Twitter. As the new tax reform came into place, most people were just baffled what it meant for them.
You can see below some of the recent trolls that were the highlighted buzz in the Twitter after GST implementation;
- GST actual full form: Goods & Services Tax, Fullform given by modi ji: Good & Simple Tax, Fullform for Indians: Ghano saaro tax
- Please do not send any *GST related jokes,* mobile battery automatically goes down by 28%.
- When u hear that Tea,rice,milk,milk powder,flour,wheat etc are getting cheaper Great stupid Tax
- AC restaurant - 18%/Non AC restaurant - 12%
Be prepared to wipe your sweat with your tandoori naan.
Under GST, taxes have been alienated into five categories- 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. So, do you really think that GST deserves to be the Butt of Social Media Jokes?