TV stars support Modi government's new tax reform!

Robin Buchanan
04:59, Jul 1, 2017
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.

The Prime Minister said that GST, was not only Goods and Services tax but also "Good and Simple Tax". Opposition leaders have thus repeatedly questioned Modi over why he was against it when the UPA formulated it but is backing it now when he is the PM. and his party, the BJP, was in the Opposition.

Rahul Gandhi: The Congress Vice-President while calling GST a reform that holds great potential said that it is being rushed through in a half-baked way with a self-promotional spectacle. But members said once the GST rolles out then in the first year we will take up the GST issue. While business class travelers will have to shell out a lot more than which is now charged since it will increase from 8.4% to 12%. Through this people will gain from the indirect benefits.

Sources said Parliamentary Affairs Minister Ananth Kumar has written a letter to all Lok Sabha and Rajya Sabha MPs requesting for their presence.

To keep a surveillance of the goods manufacturers and service providers, the GST council has also taken the resolution to form an anti-profiteering committee.

Petroleum Minister Dharmendra Pradhan said the new transparent, effective and progressive indirect tax regime will fulfill the dream of "New India". In 1991 the economic reforms came but there was no such celebration.

India's individual states will still be allowed to separately tax some products including alcohol, petrol and aviation fuel.

Articulating the reservations of the Congress, former Union Finance Minister P Chidambaram said in an interview to a television channel that "the plethora of slabs has bewildered the traders", and in the short term, it will lead to a mess.

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Once agreement has been made in this phase of the talks, the second phase discussing the future trade relationship can begin. Officials on both sides have until March 2019 to work out a deal, after which Britain will official exit the EU.

Suresh Prabhu: The Rail Minister said the GST will make doing business in the country tax neutral.

"I still appeal to the Congress and other parties boycotting GST event to reconsider".

But NCP, JD-U and JD-S broke ranks with opposition parties to attend the launch ceremony.

Hours before the midnight launch, the GST Council, the highest decision making body that formulated the rules and tax rates, met for the eighteenth time. Why should we allow the government to walk away with all the credit for bringing in such a landmark reform? "We can not trivialise midnight sessions".

Ironically the Government which had introduced it in 2006 - the UPA led by ther now Opposition Congress party has made a decision to skip the gala event.

Nearly the entire council of ministers and MPs from ruling alliance sat in the circular hall along with opposition leaders from the Samajwadi Party, the BJD, the NCP and the JD-U. State minister Vijendra Yadav will represent the Janata Dal (United) on his behalf.

While higher tax rates for services and non-food items are expected to fuel price pressures, compliance is feared to be a major challenge in a country where many entrepreneurs are not computer literate and rely on hand-written ledgers. The first will be remembered for "Tryst with Destiny" speech of first Prime Minister Jawaharlal Nehru on the occasion of India's Independence in 1947.

Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.


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