PART#2: VALUE ADDED TAXES

I came to know that dad had been making regular trips to the IT office to file his income tax return for the past few days, but as the officer in charge was absent from work without notice, so his efforts bore no fruits…common thing to happen in India…isn’t it??
Well I never had any interest in office work or any kind of work whatsoever, but out of curiosity I asked,

“DAD, HOW MANY TYPES OF TAXES DO U PAY IN A YEAR??”

N WHAT I HEARD NEXT SHOOK ME TO THE CORE…

Do you know how many types of taxes does an Indian citizen pay…Most of us know about Income Tax and a few others may be …Doesn’t seem anything close to shocking..ryt??


Now lemme tell you the exact number of taxes in India….INFINITIVE!!

Every single individual from a child to that poor old beggar who may be earns a single penny a day, pays a tax every instant of their lives…N THE SADDEST PART IS…WE DON’T EVEN KNOW THAT WE ARE PAYING IT. From buying a candy to buying an Airbus 380 to buying a land on the moon…yess my dear, taxes are there!!
The government promises that there would be Income Tax exemption for individuals earning less than 2 lakhs annually…. This is as far as direct taxation is concerned (and income tax is one of them)…BUT WHAT ABOUT INDIRECT TAXATION??
For each service that we use right from food, water, electricity, transport, education, entertainment, savings, housing, purchase and many such things we pay a price, which is the price of the service or the article…But right at the end of the bill you would also find VAT (Value Added Taxes)…But why??

I tried to investigate further...
1) www.google.com...2)Welcome to Google...3)How many types of taxes does an Indian pay??....4) & the most important one...Enter.

Google had a page full of answers ready for me in 0.0009 secs...which I possibly couldn't read in my whole lifetime. I read the stats and figures one after another, but somehow hidden in one corner of the page was a tiny article which caught my eye.

I DIDN'T KNOW I WAS IN FOR SO MUCH SHOCK THAT DAY UNTIL I HOVERED MY CURSOR TO THE LINK...IT TURNED BLUE...CLICK....OMG!!!

                                                                                                       ....To be Concluded in #PART 3

PART#3 - V.A.T (THE EPILOGUE TO A NEVER ENDING CHAPTER)

PART#1 - ME, MY LIFE N VALUE ADDED TAXES…BUT DO WE EVER ASK....WHY???