Words are Weariness

While Jaitley bravely declares GST will be resolved before 2016, and the bill will be presented in the winter session of the parliament, the fact is here tthere is still no consensus on some aspects of the conceptual design.A news report in 'The Economic Times' on the 25 th of Sept, 2015 talks of some states asking for powers to tax the Business-to-Business(B2B) transactions. This means the concept of GST being a destination tax should be applied in B2C scenarios and not in B2B scenarios of inter-state commerce. Nothing is more damaging to the cause of GST if such a course is adopted. It will be better not to tinker with the Indirect taxation regime as it is than to tinker with GST and allow all kinds of exceptions and deviations that are antithetic to the idea of common market creep into it. Such arguments reflect a very narrow thinking and are mooted by ill-informed bureaucrats in the states to curry favor with obdurate and intemperate state politicians like Jayala