One year of GST Implementation

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Neighbourhood News Desk/ Simran Nijhawan: Former finance minister P Chidambaram on Sunday attacked the government on the first anniversary of the Goods and Services Tax (GST) regime, claiming it had raised the tax burden on the common man and become a “bad word” among the people. The only section that appears to be happy about the GST is the tax administration that has acquired extraordinary powers, he added. The senior Congress leader said beginning with the GST Constitution Amendment Bill, every step taken by the BJP government with regard to GST was deeply flawed.

Talking about the GST rollout, Hasmukh Adhia, Secretary (Finance) Dept. of Revenue, ministry of Finance, said that the way the political class came together as one was a positive surprise for the government, while technology letting the government down initially was a negative surprise. Meanwhile, Kerala’s finance minister Thomas Isaac, speaking at the conclave, said that the GST implementation in the first year has been rather disappointing. Manpreet Singh Badal, the finance minister of Punjab, opined that he would give the Centre a score of eight out of 10 for introducing the GST, but only two out of 10 for the way the roll out. Furthermore, Mahender Singh, Member of GST, Central Board of Indirect Taxes and Customs (CBIC), said that every state has a different problem with regard to GST implementation and that the five-year period is reasonable for compensation.

 

 

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