Monday 4 January 2016

Finance Minister Arun Jaitley plans to put earthquake tax on God, to bring him under GST net

Finance Minister Arun Jaitley plans to put earthquake tax on God in the upcoming union budget 2016-17, said ministry sources. 

"As earthquake incidences are on rise, Jaitley wants to tap God who is getting exemptions from all the taxes for providing basic services at free of cost," said a finance ministry official with a condition of anonymity "He told that rising earthquake incidences prove that there are lapses from God's office and needs to bring it to accountability."
The official confirmed that recent earthquake in north east states prove to be a major reason for Arun Jaitley to decide on earthquake tax.

He told India Satire correspondent "Jaitley is also planning to reform tax structure on services provided by God and bring more transparency to it. Earlier whatever services provided by God such as water, air, light, etc. were taxable in the hands of end consumer. However, more and more incidences of earthquakes, floods and droughts only point that God is charging consumers in kinds and therefore needs to be taxed. Therefore, Jaitley has decided to bring God's office under GST net."

According to sources from God's office it is against any tax as the services come with costs and he is providing them on no-profit no-loss basis.

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