India needs GST boost

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With just a few days left for the Monsoon Session of Parliament to conclude, it is hoped that the Congress sees better sense and cooperates with the government in getting the Goods and Services Tax Bill passed this session. The Congress is being cussed for the sake of it. An AICC member admitted as much when he said the BJP had opposed the bill for several years when they were in Opposition. Whilst some of the Congress’ new demands are reasonable, some are deliberately unreasonable, like 100 per cent compensation for five years to the states.

As regards keeping the revenue-neutral GST rate at 18 per cent, and not 27 per cent, perhaps both parties can agree on a rate in between. They have also demanded that alcohol, tobacco and electricity be included within the ambit of the Goods and Services Tax, something not in their original bill. Union finance minister Arun Jaitley is very optimistic of getting the Congress back as all the states have backed the bill, including the Congress states. But he will have to meet the Congress halfway. He cannot pretend his party didn’t stall Parliament and oppose the same bill, nor should he harp on the inclusion of alcohol because it is not the sole demand of the Congress.

Both sides will have to put the country’s interest first instead of trying to settle scores at the cost of the nation, the economy, and the tax-payers. Several crore rupees have already been lost due to their hardened positions. The advantages of the GST are well known and the economy needs this boost if it is to take advantage of global demands.

Source: http://www.deccanchronicle.com/150807/commentary-dc-comment/article/india-needs-gst-boost

3 Replies to “India needs GST boost”

  1. SALIM UDDIN LASKAR says:

    Gst is essential for our country

  2. SALIM UDDIN LASKAR says:

    We need gst from 01/04/2016.It is very much essential for our country

  3. Donal says:

    Am I hearing correctly, “GST is essential for our country,” or “We need GST from 01/04/2016. It is very much essential for our country.” AND “As regards keeping the revenue-neutral GST rate at 18 per cent, and not 27 per cent, perhaps both parties can agree on a rate in between.” HAVE YOU LOST YOUR MINDS!!!!!

    Apparently, you do not know that the Serf Slave of the Dark Ages (Middle Ages) *ONLY PAID 25% of his income in taxes, and here you imagine anything between 18 and 27% is going to make India great? YOU’RE CRAZY!!!! Crazy as a loon. What you’re doing is raising an army of 1.2 BILLION SOULS to come crashing down on the government’s head. I don’t think Indians are going to allow themselves to be treated like this. Good grief!

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