Bismillah.
Is it true that the Goods and Services Tax (GST) that will
be implemented a year from now brings more
harm than good? Is it true that we, as the final consumers will bear the entire
tax burden from GST?
Let me brief you few disadvantages
of GST.
1. It may result in inflation as general products
prices will go up.
2. Increase the tax burden on low and middle income
working groups.
3. Home prices will go up despite the fact that
residential properties fall under the
“Exempt-Rated” basket of goods .
4. The income level will not increase as much as
the increase in the tax burden.
5. Everyone will pay tax and tax burden will be
spread over which will lead to injustice .
For a basic understanding, with the implementation of GST, prices
of goods and services will generally go up.
As a university student who will be graduated soon (in sha Allah), it is of
my concern to own a house which is one of the basic necessities. Nevertheless,
with the ‘craziness’ in the current home prices, it is of no doubt that after GST is implemented,
the price will go even higher. Don’t you share the same thought and feeling?
We, being the cream of the cream in the country should voice out our concern
especially when it matters not only us, but the future generations as well.
It is not uncommon to hear the elders said, “ You students
don’t talk and object too much. Just relax and soon you’ll understand ”.
Respect are due to them because they are our future times. However, tolerating
the future lives due to the discrepancies and mismanagement in today’s life is unacceptable and should be
avoided.
