this accounting studies become meaningless because it is paving way to reduce income to Government.government can run and implemnet many developments with revenue she yields. but due wrong account written by many , government looses revenue is practical status. This has to change. we cannot blame Accounting professionals. but by forcing people and sellers to sell all with Bills/Invoices bearing cst and state tax numbers will result a bright future to Government.
(to read thispost in detail may please visit the blog)For examples In tamilnadu people are fond of jewels is known to all. so they buy it from jewelleries who never prefer to sell with invoices,also people have mind set to avoid bill by a wrong information they are saving more than 10% ,is the pressure created by sellers.
we find huge sales in akshya tritheyai day all over India. I believe that is the one day sales can bring Huge revenueto Government,this is with the statistics of Gold and silver sold and the rates /sale price command's on that day. Even advance booking takes place. But Government on the other hand not getting huge revenue. if yes government would have reflected by saying in this one day sale Government has got huge revenue about .....But Not happened.
Government can create pressure on Gold sellers.it is the need of thsi time.I believe so.
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