Sindhi Dryfruits, Lajpat Nagar and Black Money

I said - "I want bill for full amount of 5700", he said "Sahab 5% VAT extra lagega". I said " Nahi ji bill chaiye"

Everyone stared at me as if I am doing a crime, by asking for bill.

That was Sindhi Dry Fruits, Lajpat Nagar.

Not only this shop, there are many other shops, which display promptly, "5% Extra for VAT for Card Payment".

Where are the Tax inspectors ?? Deep investigations needed.

Guesstimate 

Average Invoice at Sindhi Dry Fruits = 5000 (based on experience)
Avg. no of orders per counter = 1 per 3 mins = 20 per hour
Total orders per hour for 3 counters = 60 orders per hour
Total sales per day = (6+4*.5 for lean) = 8*60*5000 = 24 lacs per day = 7.2 cr per month = 84 Cr per year

VAT Tax avoided = 5%*.8*84 (80% transaction w/o tax) = 3 Cr
IT Tax Avoided = 8 Cr (assuming margins of 30%)
Total Tax loss to the Nation = 11 Cr


That is just one shop in Lajpat Nagar. There are 1000 other which use similar tactics and that too openly. We can do another guesstimate with data like mega, big, small and footpath shops etc.

But ultimately, Lajpat Nagar itself leads to a loss of around 500-1000 Cr to the nation. This is very much in Delhi, right under the nose of the all investigating agencies.

Where is the gap in enforcement? Is it intentional or just a miss??

5 biggest regret people have before they die

There is a very thought provoking book, I plan to read

https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X/

The Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing

It is really soul searching. I would perhaps like to list them myself

1.       I wish I pursued my dreams and aspirations, and not the life others expected of me

a.       Sometimes, I look back and think that I could have better pursued my dream of entrepreneurship, long back. There was no need to waste so many years, just trying to prove myself

2.       I wish I didn’t work so hard

a.       Being ambitious is perhaps a curse on life, if it overshadows me. I felt that when I was in US and was alone

b.      I made some career  decisions, where I had to ignore my family

3.       I wish I had the courage to express my feelings and speak my mind

a.       I could not resist the fear of confrontations mostly from my better half as I don’t want to destroy peace of my life

b.      I could have spoken more courageously against some of the decisions, to which I have submissively agreed, especially regarding parents and child

4.       I wish I had stayed in touch with my friends

a.       Yes, that is perhaps one of the biggest regrets

b.      I didn’t get chance to meet face to face to my closest friends for long Vishnu, navin, rajiv and many others, its horrible, if things go on like this

5.       I wish I had let myself be happier

a.       I often got confused between happiness and many other things in life

b.      Perhaps the burden of so many aims, aspirations and images, overshadowed it

Can I live without regret, Yes

1.      Vacate Space, empty mind and de-clutter life

a.       Actually with minor adjustments, things can perhaps tough in the beginning but the space will increase the degree of happiness for sure

b.      I don’t need so much money to live happily.

2.     I will avoid Procrastinate regarding

a.      Ideal and obedient child and life partner

b.     Ideal career

1.