Centre thanks CMs for cooperation in GST

The government said in the resolution that GST is one of the most sweeping indirect tax reforms in any federal polity in the world, in which complexities such as multiplicity of taxes, multiple compliances, and cascading of taxation will be removed.

By: Express News Service | New Delhi | Published:June 23, 2017 1:53 am
Parliament, GST, GST rollout, Narendra Modi Prime Minister Narendra Modi with his Cabinet colleagues. (Express Photo: Prem Nath Pandey, File)

Ahead of the rollout of the goods and services tax (GST) at the midnight of June 30 at a function inside Parliament’s Central Hall, the Union Cabinet chaired by Prime Minister Narendra Modi on Thursday passed a resolution expressing gratitude to Chief Ministers of all states and others for their cooperation in introduction of the new indirect tax regime.

The government said in the resolution that GST is one of the most sweeping indirect tax reforms in any federal polity in the world, in which complexities such as multiplicity of taxes, multiple compliances, and cascading of taxation will be removed.

“This game-changing reform will result in significant ease of doing business as well as reduction in the overall tax burden on the consumers and the common people,” the resolution said.

The resolution dubed the GST as a “shining example” of national integration and of fiscal federalism. “It is a testimony to the working of India’s federal democracy. It has been made possible because of close cooperation between the Central government and all the state governments as well as all political parties.”

The Cabinet acknowledged the contribution made by all state governments, by all Chief Ministers and state finance ministers and by all political parties which made it possible for GST to be implemented in the country from July 1st 2017.

“The Union Cabinet expresses its gratitude to the Chief Ministers of all states, to the GST Council, to the heads of all national-level and state-level recognised political parties, to all members of Parliament, to all members of state Legislatures and to all sections of society, including trade and industry associations,” the resolution said.

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  1. A
    author
    Jun 23, 2017 at 9:10 am
    Infact the poor cobbler or astrologer will not even quit- he will sit right in front of the ITO in delhi and carry on his business and we all will be reminded of the saying 'Diya Tale Andhera". You have to make enforceable laws.
    Reply
  2. A
    author
    Jun 23, 2017 at 9:04 am
    GST definitely needs some tweaking - (1) the exemption limit should not have any ifs and buts but should be across the board like the service tax -Quoting "in certain specified cases where the taxable person is liable to pay GST even though he has not crossed the threshold limit". – this should not be the case there should be no GST or no requirement to register for small businesses and they can pay by their ITR. (2) The above will kill small businesses or they will be forced to do illegal tax avoidance acts, as the reporting requirements for GST are not worth the hassle for the small businessman - specifically “the non-resident taxable person”, “to a person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient” and a “casual taxable person” and others. (3) This will make the GST unenforceable – example a cobbler or an astrologer or such who earns much below the exemption limit – will he register?
    Reply
  3. A
    author
    Jun 23, 2017 at 9:02 am
    GST definitely needs some tweaking - (1) the exemption limit should not have any ifs and buts but should be across the board like the service tax -Quoting "in certain specified cases where the taxable person is liable to pay GST even though he has not crossed the threshold limit". – this should not be the case there should be no GST or no requirement to register for small businesses and they can pay by their ITR. (2) The above will kill small businesses or they will be forced to do illegal tax avoidance acts, as the reporting requirements for GST are not worth the hassle for the small businessman - specifically “the non-resident taxable person”, “to a person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient” and a “casual taxable person” and others. (3) This will make the GST unenforceable – preamble a cobbler or an astrologer who earns much below the exemption limit – will he register? Though he may
    Reply
  4. S
    Socrates
    Jun 23, 2017 at 4:30 am
    GST as a concept is fantastic, and I must commend BJP government to bring this to fruition with some hard work and gritty determination. However, I think BJP has lost a glorious chance to KISS (Keep It Simple, Stupid) with a very complex categorization and resulting documentation expected out of the sellers and traders. Good luck with implementing, Mr. FM and you will need to thank your stars if it becomes a success eventually - not withstandng the initial teething problems as with any major change management. Wishing all success to India.
    Reply