AgainstGST bill is going to bring a big positive reform in the taxation. GST bill will reduce the overall taxes at every aspect of our life. But these things are just in paper friends just in paper. Good morning to respected jury members, teachers and all my dear friends. I Kshitij Gaur representing group C standing here to strongly refute the motion as GST bill cannot open the flood gates of development at any cost. We are democratic nation where always decades are spent for making a decision. I am more than sure friends that again I would be proved correct in the implementation for GST. This bill is not actually of the society, economy but for betterment of their own hold in the country. Australia implemented GST in the year 1985, right. Bur eventually Mike Baird, the Australian senator, came to the conclusion that lifting the rate of the GST by 50 per cent is the best way to plug the revenue gap caused by spiralling health costs. Why friends why, if GST was so good then why rates of taxes were increased in Australia. Baird points out that Australia's rate of GST is one of the lowest among the wealthy countries they're often compared with. Lifting the rate would do nothing more than bring them into line with the international norm. Well I would like to say that a debate is not all about shouting and banging the table, it is about proofs, facts and figures which my worthy opponents have failed to provide. The GST's biggest downside is that it hits poor people hardest because it takes a higher percentage of low incomes than of high incomes. Any proposal to lift the GST would be deemed grossly unfair unless accompanied by compensation. That means the revenue and efficiency benefits of the GST are eroded to some extent by the volume of compensation and related compliance costs. Even Mike Baird stated about half the extra $36 billion raised by a 15 per cent GST annually by would be handed back to middle class and low-income households as compensation. So GST is basically about distortion and manipulation. Moreover the need for GST compensation introduces another potential disadvantage that receives less attention that it deserves. Targeted payments to those who need them most, such as family tax benefits, can create disincentives to work. This affects many part-time working mothers who want to increase the number of hours or days they work. For them, Imported goods valued below $1000. The rich would become more rich and poor would be more poor.the financial rewards of doing more work may be cancelled out by the loss of welfare benefits and additional childcare costs. whereby all other people associated directly or indirectly with these SSIs would be put to undue hardship resulting in unemployment. The secondary sector will also get affected by GST. Despite the growing popularity of buying low-value goods and services from overseas via the internet. Isn’t respected jury members. Overall economy would grow. The small industries. They will not have any option then to work for the big auditor firms. They would be in a commanding position. it is unclear whether GST can be efficiently levied on these purchases. the big industrial houses are going to get benefited in a massive way as marked by my worthy opponents. Whereas. Whether this kind of growth is envisaged? Should they loose their self respect by shutting down their own business and go for employment? Also the thousands of CA’s who are giving their professional services to these SSIs. The real wealth of our country also would grow. we developing nations did not have much pinch of recession. In India online shopping is constantly gripping over the market. and most imported services such as multimedia downloads.Certainly. is this GST bill beneficial? I don’t think so. They will be forced to work only for big houses. Just think about it friends. It is just like what is happening in other developed countries. Huge inequalities in income and wealth would be visible. This threatens to affect the competitiveness of domestic businesses over time. One recession is enough to shake them. SSI etc. one way or the other. The big salary which today they are paying to various CA’s employed with them would drastically come down. Thereby resulting in a big benefits to the big audit firms. would die their own death. But this growth would be without development. are not subject to GST. Dear friends GST bill is not more than an enigma of development. would loose their professionals work. . The majority of the people would be at the mercy of a few number of big business houses. The rise of international online shopping is affecting GST collections. Critical analysis is truly required. . So at last we came to a conclusion that notion of praising and admiring GST does not hold much water. Similarly you can’t be in the favour of GST just by listening a few postulates.As it is rightly said you can’t judge a book by its cover.