debate in against of gst in english
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Anumber of questions on the GST remain unanswered even today. To what extent are the states on board? Have any month-wise targets been fixed? Where is the roadmap? Further, some provisions in the 122nd Constitution Amendment Bill, as introduced by the NDA government, as well as the suggestions by states, will defeat the very purpose of the GST.
The main aim of bringing in the GST was to broaden the base, lower the tax rate and remove the cascading effects of taxes on inputs. But the additional one per cent tax proposed in the Bill as well as the high revenue neutral rate (RNR) of 27 per cent that is being considered will be a disaster. The one per cent tax will lead to cascading effects, the high RNR will encourage tax evasion and reduce compliance, and more exemptions will narrow the base and increase the tax rate.
The main aim of bringing in the GST was to broaden the base, lower the tax rate and remove the cascading effects of taxes on inputs. But the additional one per cent tax proposed in the Bill as well as the high revenue neutral rate (RNR) of 27 per cent that is being considered will be a disaster. The one per cent tax will lead to cascading effects, the high RNR will encourage tax evasion and reduce compliance, and more exemptions will narrow the base and increase the tax rate.
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