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How can Government increase VAT by 100 times more
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Firstly made a software like NSE , BSE software and made available fee to traders.
In India dealer who paid VAT have Internet connection in not they can avail net services.
The Tax free limit of VAT can fixed by software to Rs.10,00,000/After the traders cross limit Rs.10,00,000/- software of VAT like NSE,BSE server (say sever)
Every dealer will have to make Taxable invoice in that server and vat received and paid
Information automatic transferred to respective state sale tax department and respective
Dealers VAT No.
State government can make mandatory to allowable VAT only if Taxable invoice output form
Central VAT server only.
Once Central VAT server implemented there is no need to file VAT return to dealer because
Central vat data server provide respective state information direct to web site link
Any excess of short VAT collection can paid or refunded directly to dealer bank account
In dealer not making payment say limit Rs.50,000/- amount to central VAT server his taxable
invoice Is invalided and no one can claim vat set-off by and this function can provide by central
VAT server like NSE,BSE server which bar entry in Security market.
If Revenue department make such software no one can sell goods without vat paid.
In respect of small dealer another NIL VAT Invoice can provide a NIL VAT server where
Dealer can made upto Rs.10,00,000/- NIL VAT Invoice and
Revenue department can bring 100% of India trading in the ambit of VAT radar and
Can collect mere revenue for the development of India and Indian People.
My all thinking is above concept is if in India every home is TV why not computer and internet
Even kirana dukankdar or retail trader can purchase computer and
14 ) This is the write path to bring block money can come in the ambit of Indian GDP and our
Cash bashed economy come in the ambit of GDP and India GDP ratio also increa.