The root cause of GST’s complexity lies in the multiplicity of rates. Time and again, experts recommended a simple dual-rate system. They were all ignored.
An op-ed in South China Morning Post also lists 4 major issues, besides border, that obstruct India-China’s relationship & reflects on how the 2 nations can 'improve mutual understanding'.
Union Finance Minister Nirmala Sitharaman provided clarity on some key decisions taken by the Council, such as taxes on food and non-food items & taxes on resale of electric vehicles.
Issue of GST on food items is in news again after hotel owner’s viral interaction with Finance Minister Sitharaman last week. But complexities highlighted go back further in time.
GST council in its 54th meeting exempted universities, research centres governed by central or state govt, or those exempted from Income Tax, from paying GST on research grants.
Layers of complexity due to multiple tax rates result in similar products being taxed differently. There should be a phased move towards a low single rate to reduce incentive for evasion.
Finance Minister Sitharaman announces decision taken at GST Council meet, adds cancer drugs, medicines for rare diseases and food products for special medical purposes exempt from GST.
Union finance minister Sitharaman says govt cleared 90% GST compensation owed to states & only ‘5-8%’ is held back subject to authentication certificates issued by auditor general.
Council members agreed to raise the threshold of launching prosecution to Rs 2 crore from the present Rs 1 crore & GST on husk of pulses was reduced to 0 from 5 per cent.
We're used to framing the issue as one of deterrence, 'if you do X, then we will do Y and Z'. We should be moving toward compellence— 'if you do not abandon X, then we will do Y and Z'.
Diving into workings of Gurugram fulfilment centre, Abhinav Singh, V-P (Ops) at Amazon India, offers insights into how company manages logistics, in conversation with ThePrint Editor-in-Chief Shekhar Gupta.
India used multiple types of aircraft, air to surface missiles & air defence systems to inflict damage to PAF. Almost all strikes were covered by high-res recon UAVs & satellites.
Pakistani establishments and their proxies are prone to severe, predictable 7-year-itch. Each step up the escalation ladder buys India about this many years of deterrence on average.
Ten-a-penny socialist India got even the GST wrong, ha ha.