Despite a handful of shortcomings, the introduction of GST is expected to bring in transparency and result in much fewer complications as compared to the current tax regime.
Stage is set for dismantling of over 600 barriers at inter-state boundaries across the country with the consensus among the Centre and the States on the long pending Goods and Services Tax (GST) which is scheduled to be implemented from July 1. The economic and trade reform, touted to be a game changer and one of the most important reforms of its kind since the independence, was held up for over a decade. Though it was the Congress led UPA which had first mooted a constitutional amendment to usher in economic reforms, the delay in the last couple of years is attributed to the stand taken by the party for amendments to the legislation proposed by the BJP led NDA government.
The Constitution (122nd Amendment) Bill, 2014, which sought to introduce a system for uniform taxation across the country, had been pending in the Upper House since 2014. Lok Sabha, where NDA and its allies command majority, had passed the legislation in May 2015 but it was stuck in Rajya Sabha where the NDA is in a minority. The historic reform has now crossed all hurdles and is set for implementation with the tax slabs for various goods and services finalised.
Denne historien er fra June 15, 2017-utgaven av Tehelka.
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Denne historien er fra June 15, 2017-utgaven av Tehelka.
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Why Did Ratan Tata Feel Compelled To Take Charge Again?
Did Cyrus Mistry fall victim to an ossified corporate culture or did he violate Tata Sons’ ethos and culture? MG BanGa tells the story so far.
Misguided Youths Or Trained Terrorists?
As part of a dangerous trend emerging across the world, homegrown ISIL sympathisers are willing and attempting to carry out deadly terror attacks without any comprehensive support system.
Indian Railways: Living In Dreams
Indian Railways is changing track, giving up its separate Budget and experimenting with surge pricing on three popular trains. That leaves the behemoth with no funds to replace ageing assets and encourage further investments.
Priyanka Gandhi Agreed To Play Bigger Role In UP
Further delay in decision making could be detrimental to the party’s goal to rejuvenate its prospects in the State Assembly elections.
Mission 2019: Banega Swachh India?
Two years ago, Modi kicked off a cleanliness drive in a spectacular way. Showing the contrast between world cities and Gurgaon, MG BANGA suggests ways in which the mission can be accomplished by 2019.
The Goodwill Enjoyed By Mehabooba Mufti Has Been Erased!
Mehbooba Mufti risks losing her popularity and irking her party ranks by using New Delhi’s rulebook to deal with the unrest in Kashmir.
Is China's Support To Pakistan, Big Threat To India?
New Delhi needs to be cautious as in Pakistan’s scheme of things, strategic ties with China can serve as a powerful weapon to deal with adversaries like India.
Panama Papers: Nawaz Sharif'S Troubles Escalate
After his name surfaced in the Panama paper leak following several other charges of money laundering filed against him, there is pressure on Pakistani PM Nawaz Sharif to resign.
This Potus Will Make The World Go Bust
The man who believes global warming is a hoax and has a short attention span will now preside over the affairs not just of the United States but of the whole world. A daunting prospect.
Reel-Life Bohemians, Real-Life Hyprocrites
ADHM vs Palm Grove Heights: In cinematic life, two strangers Ranbir and Anushka meet in a pub in London and go on a kissing spree while in actual life back in India, a woman from Barcelona was evicted from her male friend’s home in Gurugram. Is cinema really a mirror of society?
