A 36 hour nation wide strike starting today has begun. Truck owners and operators are protesting against the disruptive policies under Goods and Services Tax (GST) and demanded the inclusion of diesel in the new indirect tax’s ambit.
Former Prime Minister, Dr Manmohan Singh said that hasty implementation of GST and demonetisation had adversely impacted GDP growth.
Within the first month of the GST being introduced as much as Rs 42,000 crore has come in taxes.
Kashmir’s separatist leader S A S Geelani who is into the habit of opposing everything India made a surprising statement when he backed GST. The National Conference was quick to blast him and called it a tactic on his part to bail out the PDP-BJP government in Jammu and Kashmir.
Revenue secretary, Hasmukh Adhia took to Twitter to bust 7 myths relating to GST. Adhia sought to dispel concerns that if a person makes payment of utility bills by credit cards, the he/she will be paying GST twice. This is completely untrue. Please do not recirculate such message without checking it with authority,” Adhia said.
GST is like getting used to a new pair of spectacles is how Prime Minister Narendra Modi described the rollout of India’s biggest tax reform. Even if you go to your trusted doctor who does the numbers for your glasses, you will still need a couple of days to get used to the spectacles, Modi said at the Central Hall of Parliament where he along with President Pranab Mukherjee launched GST at midnight.
In the year 2000, Atal Bihari Vajpayee called on the then Chief Minister of West Bengal Jyoti Basu asking him to spare his finance minister Asim Dasgupta. Vajpayee who was then the Prime Minister was convinced with the idea of a uniform tax throughout the country. It was during a meeting of the Vajapayee and his advisors, including three former RBI governors IG Patel, Bimal Jalan and C Rangarajan that the GST was proposed. The idea of uniform tax throughout the country was discussed at length and approved of.
At the midnight launch of GST, the opposition was absent. One of the persons behind the GST, former Prime Minister Dr. Manmohan Singh too stayed away from the event at the Central Hall of Parliament.
GST was rolled out at a historic midnight session of Parliament. India’s biggest tax reform kicks in today and is expected to be a game changer.
The Good and Services Tax has been rolled out. GST, India’s biggest tax reform kicks in from July 1. While there are many changes in the offing, GST also has a tough clause for those who are involved in tax evasion or fraud under GST.