Write a letter to the editor to make people aware about the necessity of GST implementation for the growth of the nation
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In the long run, GST will turn out to be the game changer for the Indian economy (Editorial, “Midnight makeover”, July 1). Tax compliance is bound to show a significant improvement while the size of the informal economy will reduce. With ready availability of real time data, government policies will be targeted better to produce the desired results. The GST will have a favourable impact on the price of essentials, provided tax benefits are passed on to consumers. However, the question remains whether the business community is prepared for this sea change. Will it willingly embrace it and cooperate or are we, as in the case of demonetisation, looking at chaotic times ahead?
Vijai Pant,
Hempur, Uttarakhand
As far as consumers are concerned, suffocating on account of various taxes, a unified tax structure is bound to provide some relief. In Kerala for instance, a highly consumerist State, it is estimated that additional revenue to tune of ₹3,000 crore annually is expected to flow in. Another potentially welcome development is that infamous tax postings — the hotbed of corruption — will no longer be lucrative.
B. Veerakumaran Thampi,
Thiruvananthapuram
The government has showcased the GST reform as another tryst with destiny. India’s freedom at midnight in 1947 was simply nonpareil — it coalesced the hearts and minds of millions of people into an effusive outburst of celebration. By contrast, the present path-breaking tax reform has created many discordant voices in the very trading and business community for whom the benefit is meant (“Day One: Price cuts, peeves over returns filing”, July 2). Though the Prime Minister acknowledged in his speech the contributions of the Opposition, it was too little and too late. Nothing would have been lost for the ruling party if it had heaped fulsome praise on the UPA government for pioneering the GST. Alas, magnanimity in thought, word and speech is no more to be seen in Indian politics.
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Vijai Pant,
Hempur, Uttarakhand
As far as consumers are concerned, suffocating on account of various taxes, a unified tax structure is bound to provide some relief. In Kerala for instance, a highly consumerist State, it is estimated that additional revenue to tune of ₹3,000 crore annually is expected to flow in. Another potentially welcome development is that infamous tax postings — the hotbed of corruption — will no longer be lucrative.
B. Veerakumaran Thampi,
Thiruvananthapuram
The government has showcased the GST reform as another tryst with destiny. India’s freedom at midnight in 1947 was simply nonpareil — it coalesced the hearts and minds of millions of people into an effusive outburst of celebration. By contrast, the present path-breaking tax reform has created many discordant voices in the very trading and business community for whom the benefit is meant (“Day One: Price cuts, peeves over returns filing”, July 2). Though the Prime Minister acknowledged in his speech the contributions of the Opposition, it was too little and too late. Nothing would have been lost for the ruling party if it had heaped fulsome praise on the UPA government for pioneering the GST. Alas, magnanimity in thought, word and speech is no more to be seen in Indian politics.
Thanks
Please mark as brilliant answer if you really like my answer.....
;-))
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