-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...
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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 »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 »GST fear: Drug-makers expect shortage of medicines
-The Times of India NEW DELHI: With just a day to go before the roll out of goods and services tax (GST) in India from July 1, the country's drug industry fears that there may be a temporary shortage of medicines as many traders and chemists are yet to comply with the norms. Though the All India Organisation of Chemists and Druggists, which represents over 8 lakh chemists, has assured the government...
More »Farmers, agriculture input dealers oppose GST on fertilizers and pesticides -Neel Kamal
-The Times of India BATHINDA: Fertilizer and pesticide dealers of Mansa and Barnala districts pulled down the shutters on Tuesday to protest against the imposition of Goods and Services Tax (GST) from July 1. Moreover, seven farmer outfits have also convened a joint meeting on June 30 to decide a course of action in the wake of the new taxation policy. With the GST coming into force, fertilizers, which are currently exempt...
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