oppn parties Congress should Allow Passage of GST Bill

News Snippets

  • MS Dhoni decides to take a two-month break, will skip West Indies tour but will not retire
  • Phagu Chauhan is the new Governor of Bihar while Ramesh Bais has been appointed as that of Tripura
  • Governors: Anandiben Patel shifted from Madhya Pradesh to Uttar Pradesh and Lalji Tandon from Bihar to Madhya Pradesh
  • Naga talks interlocutor RN Ravi appointed as Governor of Nagaland
  • Noted lawyer Jagdeep Dhankhar appointed as new Governor of West Bengal
  • 84 NDRF teams have been despatched to 23 states to tackle the flood situation
  • Three persons lynched in Bihar after being accused of cattle theft
  • Delhi police seize a consignment of 1500 kgs of heroin and busts a cartel of Afghanistan-Pakistan narcotics dealers with links to the Taliban
  • Supreme Court gives 9 more months to complete the Babri Masjid demolition case trial
  • Priyanka Gandhi not allowed to meet the families of the dead in the Sonabhadra firing, arrested
  • ICC inducts Sachin Tendulkar in [email protected]@@s Hall of Fame
  • Stock markets bleed for the second day. Sensex crashes 560 points
  • S Jaishankar, Minister of External Affairs, says Pakistan should release and repatriate Kulbhushan Jadhav immediately
  • Karnataka Governor Vajubhai Vala asks the Speaker to hold the trust vote latest by 1.30 pm today
  • The Government sends a list of 24 questions to mobile app company that runs video app TikTok seeking answers for anti-national and obscene content carried on the platform
Former Delhi CM and senior Congress leader Sheila Dikshit dies following a cardiac arrest. She was 81
oppn parties
Congress should Allow Passage of GST Bill

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
The recommendation of the GST panel headed by chief economic advisor to the GOI, Arvind Subramanian, that the 1% tax on inter-state sale of goods over and above the GST be dropped is eminently sensible and should be adopted. So is the recommendation that the rate of GST should not be fixed and should not be a part of the Constitutional Amendment Bill (CAB) to be introduced for GST.

The purpose of GST is to replace all Central and state indirect taxes in order to reduce confusion, complication and hindrances to business and make India a seamless business entity. In such a model, the 1% additional tax on inter-state movement of goods stood out like an incongruity. For, any tax over and above the GST defeats the purpose of the bill. There should be no political issues on this.

But the second recommendation goes against what the Congress is demanding. It says that there should be cap of 18% on GST and this should be incorporated in the CAB. While no one will deny that 18% is a huge level of taxation and there should be a cap on the extent to which the government can tax the citizen, it is the Congress mentality of putting barriers against the easy passage of the Bill that is incomprehensible.

The GST Bill was Congress’ baby (with the BJP then objecting to its various measures). The party is now smarting for the fact that if the Bill becomes law, the NDA and the BJP, especially Modi, will get all the credit for having brought about a game changing and far reaching financial reform. But whatever the reason, the party should now cooperate and help in changing the business landscape of the country.

www.indiacommentary.com