-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
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Entering the age of GST -M Govinda Rao
-The Hindu The long-term benefits of GST are clear — the challenge is to quickly address the short-term obstacles The Goods and Services Tax (GST) is in force from today. The reform, touted as a “game changer” and the “reform of the century”, was deemed worthy of a launch on the midnight of June 30 in the Central Hall of the Parliament. Indeed, one is reminded of the famous speech by Pandit...
More »Pronab Sen, former Planning Commission member and former Chairman of the National Statistical Commission, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu It’s complex than elsewhere both in terms of number of rates and jurisdictions The form of Goods and Services Tax being implemented from July 1 is uniquely Indian, according to former Planning Commission member and former Chairman of the National Statistical Commission Pronab Sen. In an interview to The Hindu, he says the indirect tax regime will make it easier to start a new company, but increases complexity for those...
More »Yogendra Yadav, convenor of Swaraj Party, interviewed by Archana Mishra (GovernanceNow.com)
-GovernanceNow.com As farmers protests take centre stage across the country, Swaraj Party convenor explains the ecological, economic and existential crisis behind this unrest. * We have recently seen farmers from Tamil Nadu protesting in the national capital. Then Maharashtra farmers protested, deciding not to send their produce to cities. The agitation has now reached Madhya Pradesh, leading to killings. Why there is sudden farmers’ unrest in the country? I think we...
More »Slabs are still numerous
-The Telegraph New Delhi: The goods and services tax (GST) regime has replaced a cascade of 11 central and state taxes with a concertina of eight tax rates, defeating the original idea of having a three-slab tax structure. The current GST structure on goods ranges from zero to around 40 per cent. If jute, silk and muri (puffed rice) fall in the exempted category, luxury cars and SUVs fall in the top...
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