July 02, 2017

India’s ‘Simplified’ Tax Scheme is Anything but Simple

In this South China Morning Post articlePraveen Chakravarty, Resident Senior Fellow at IDFC Instititute, about the costs of implementing GST. Excerpts:

 

"In 2011, the chairman of the Federation of Indian Chambers of Commerce and Industry, India’s leading business association, publicly pleaded with the then chief minister of the state of Gujarat to “soften his opposition and accept the implementation of the Goods and Services Tax (GST) in the larger national interest”. The chief minister of Gujarat in 2011 was Narendra Modi.

 

Now the prime minister, Modi has had a change of heart, launching the GST regime throughout India in his characteristically ostentatious style, at a midnight event at the Central Hall of the Parliament of India – the same venue and time when India declared independence from the British 70 years ago.

 

In a short span of six years, Modi has gone from being the one-man roadblock to the GST to celebrating its launch in the grandest manner since Indian independence in 1947."

 

Read the full article here.

 

Topic : Transitions / In : OP-EDS
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