Income tax ,gst department is always meant to harass ,loot people. They always think in terms of target, how can they get 5x-10x tax this year. If these would be the situation, none of the industries would survive in india. Its bound to happen in all regulatory industries i.e. brokerages (angelone, zerodha, NSE) , banks, liquor, defence. One always have to think twice in investing in these industries as risk can come in form of regulation change , gst etc . as they are bound to receive gov. poking every now and then. In this regard, Chanakya, in a very smart way, quoted the example of the honey bee, saying that: “Governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flower without causing any harm.”
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