Few days back, I booked a commercial property in Bhutani's group, Cyberthum. I had to give around 11L Rs in first 50 days. I initially gave him 1Lakh Rs as token amount. When I saw the receipt, it had close to 12000 Rs as GST, and rest as principal amount. I asked how much GST is that. He said, its around 12%. Its hell of a lot.
The guy with whom I was dealing with, told me if you give me black money. You will save this 12% and this whole principal amount in registry. In total, it comes out to be 12% GST + 5% in registry.
So, total of 17000 Rs per one Lakh. Its a lot of money to be saved. Means, people who were already looted government (who deal in black money) got more offers. Although its illegal, but there are loopholes which are benefitting only those people who were not giving tax already.
I mean, first we give income tax from our income, then everything we buy from it. What the hell is that.
