Review
the implementation of GST
Many people have raised questions about goods
and services tax regime. Drastic action is called for. Differential
treatment to some similar items may not necessarily be fair. The rates will be
revised. Prime Minister Narendra Modi on Sunday sought to assure traders that
anyone joining the GST net will not be harassed by taxmen.
The Centre has promised
to fix the flaws in the new tax regime. Prime Minister has promised to address the
woes of small businesses and exporters.
We may still be some distance away from seeing
the final shape of India’s one-nation, one-tax plan. The
commitment to correct course is welcome. But the real question is the timing
and sequencing of changes.
After GST implementation, many things are
ambiguous and tax on many items has raised doubts in many quarters. Prices of
essential items like aids to handicapped, napkins used by women and others have
been taxed by GST. Hence there should be a close review of the tax regime as a
whole
Hope the government does not take too long to
fix the problems in GST. The delay may drive the people to frustration. That
would render a good economic reform to lose its benefits.
Even while launching it was expected to have
some starting hiccups but the government has to continually review and make
amends early to such a good legislation. Congress had no conviction on GST and
did not take the pains.
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