Good sense triumphs, danger lurks

If the government believes that GST will be a more efficient tax that will enhance revenues and reduce tax evasion, it must be prepared to take some risks.

Updated: August 7, 2016 7:58 am

The first round of the Goods and Services Tax (GST) Bill is over. There were no losers. The next round is expected in the Winter Session of Parliament beginning in November 2016. Key issues are still at large, and I wish to begin a debate on them.

Contrary to the impression that the Central government may have conveyed to the state finance ministers, the issue of Dispute Resolution has not been settled by the Bill that was passed by the Rajya Sabha recently. Article 131 of the Constitution allows states to file a suit in the Supreme Court for adjudication of disputes between states or between the Centre and one or more states. Besides, there are the well-known provisions such as Articles 32, 226 and 227. click here to read more.

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  1. H
    Hemant Kumar
    Aug 7, 2016 at 1:00 am
    During his tenure he could not do anything and now putting obstacles in the ladder of GST to higher GDP growth, ease of doing business, tax compliance, stoppage of tax evasion which is taking place now. Fortunately strength of Congress in Rajya Sabha has gone down otherwise GST would not have seen the light of day. Congress perforce had to bend to the will of other parties which have together become stronger. Congress conceived GST in 2006 and could have implemented after building consensus as PM has now done.
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      Incu
      Aug 7, 2016 at 2:14 am
      Very good article, with crystal clear explanations and also highlighting what need to be closely followed in the GST for common people. Our former longest served FM’s proficiency effortlessly flows in the article. His speech and arguments in the Rajya Sabha was more than commendable showing his deep understanding of the subject and also dedication to the nation’s welfare.
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      1. V
        V.O.C. Trichy
        Aug 7, 2016 at 1:20 am
        Yet another great insights on the deeper implications of economic aspects. Indian Express has become a test book for learning minds. Mr P.Chidambaram has turned this as an Sunday university for many of us. As the humble students we are very thankful to Mr P.C. for his invaluable contribution. I wish truly he writes atleast on alternate dates instead of sunday only. Thanks for the great series which is quite unparalleled.
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        1. C
          C
          Aug 7, 2016 at 2:22 am
          this liar and crook rolled into one and his anti social party tried their best to obstructlt;br/gt;lt;br/gt;the GST bill out of sheer jealousy bec Jaitley accomplished what these scoundrelslt;br/gt;lt;br/gt;failed in all their years of power. Now he is lecturing inanities. He thinks all people arelt;br/gt;lt;br/gt;always fools and that somehow Modi would be stopped in 2019. Goodluck. But onelt;br/gt;lt;br/gt;thing must be said. Jaitley being rather naive in giving any credit to these pretenderslt;br/gt;lt;br/gt;on page of GST !!??
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          1. g
            guru592006
            Aug 7, 2016 at 12:58 am
            Mr. Chidambaram, you were the author of the original bill. What was your RNR? Was it included in the Bill? Did you propose any compensation to States?
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