@FefeDemeny Fefe, the way you have conducted yourself this last year and backed up all your thesis with logic and clarity has been amazing.
The true G!
Priyanka Chaturvedi rightly said that we are living in the world of Web 3.0.
Before India introduced regulations on #CRYPTO, it was taxed at 30% and 1% TDS.
Why? 🤷🏻♂️
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We can accept losing money while trading crypto, as it's a high risk asset, and we knowingly took that risk.
What we cannot accept is having our money stolen by a registered Indian company.
If you’re a WazirX victim, it’s time to act!
Nischal new company @pi42exchange is attending @IBWofficial on December 4-5 in Bangalore. They’re indirectly using our money to sponsor this event while refusing to compensate us from their profits. Instead, they’re busy promoting their next scam.
Instead of shamelessly supporting Nischal, IBW must remove them from the event, and we need to tweet every day to make this happen.
If tweets don’t work, we must show up at the event on Dec 4-5 and make sure they hear us loud and clear.
Boycott @IBWofficial
A Middle Class Person wants to Buy 2 Wheeler for his family. He works hard, saves money & test rides a Honda Activa 110 CC. He feels it is good.
He enquires the cost.
Ex Showroom Price is ₹75000. He realises that this price includes 28% GST (around ₹17000). 28% YES, THAT'S RIGHT.
₹6000 Road Tax.
₹14000 Registration Charges.
Both PAID TO Government.
₹5000 for a Motor Insurance (18% GST ₹900 to Govt). Yes that is 18% GST.
Accessories ₹6000 (GST included)
So, now he totally has to pay ₹1,06,000.
He calculates that he eventually pays 60% to Dealer & 40% to Government. He has already paid 30% tax to the Government in the First Place 😀😀
He feels a bit let down. But then he asks himself:
- Why am I Paying 28% GST on a 2 Wheeler when I have paid 30% Tax already on my income?
- Why am I Paying 18% GST on Motor Insurance when this is supposed to Protect me in case of Accident?
- I am not taking any Loan, but still I Pay almost ₹40000 to Government just to buy a Vehicle for my Family. I pay ₹66000 to the Vehicle Dealer. He also has to make some money out of it.
So I am actually paying Government so much for the Vehicle.
He asks these questions, but realises that he is Middle Class. He pays the Taxes, buys the Vehicle, Takes Photograph & Goes Home to Enjoy with Family. He goes back to Work the next day, so that he can afford many other things. Cycle Continues...
This is the Story of Every Middle Class of India 😀❤️
@FinMinIndia - You need to answer the questions asked by this Middle Class Person. Don't you think?
If you are a Hard Working Honest Middle Class Reader like Me, Share this Story until the Government takes notice & Becomes Accountable.
#FI