-Livemint.com A cow CESs of even Re.1 per litre of petrol will be enough to generate funds that will exceed the entire annual budgets of several Union ministries About two weeks ago, Subramanian Swamy, a Rajya Sabha member from the Bharatiya Janata Party (BJP) called for a cow CESs of Re1 on petrol to fund gaushalas or cow shelters across the country. Swamy made the comment towards the end of his speech...
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All you need to know about GST
-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...
More »How will the Centre ensure States' finanCES are not hurt?
-The Hindu GST will subsume almost all CESses levied at the moment One of the key sticking points thwarting consensus in the Goods and ServiCES Council over the course of its meetings in 2016 was the compensation the Centre would have to pay States for any losses they might incur due to the implementation of the new indirect tax regime. What was the issue? The GST is a destination-based tax, and as such is...
More »Middle Earth Moguls -Pragya Singh
-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
More »From plate to plough: Farm and the tax -Ashok Gulati & Siraj Hussain
-The Indian Express A smooth GST regime can break inter-state barriers on movement and facilitate direct linkages between proCESsors and farmers After more than a decade of intense discussion and debate, the GST is finally becoming a reality. Although in its current form, it is not as perfect as was originally envisaged, yet it is being lauded as one of the most transformational reforms since 1991. Finance Minister Arun Jaitley was humble...
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