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The 'Baking' of GST


GST

Tax experts believe that lead time of 18 months should be provided for introducing VAT/GST from the date of enactment of the Act for levy of the tax. In India Act will take its own time.1% additional duty violets the principle of tax neutrality and the objective of non cascading effect and common national market as envisaged in the constitutional amendment Bill. People should be told the main reasons for bringing GST in India. To my mind the reasons: investment needed for growth, to make export competitive, to meet the challenge of indirect incentives given to imports, to meet the challenges of worsening position of public debt and fiscal deficit.
M.K.Ggupta

M K Gupta 23/07/2015

 

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