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GST will have the same negative impact as fancy as it seems to have a single tax structure Cody Barton Seahawks Jersey , it will slow down the Indian economy and be an unsuccessful shot in the dark.
ANTI-PROFITEERING CLAUSE
One of the most important factors that everyone seems to miss is that the Centre and the States have agreed on an anti-profiteering clause in the GST. o establish a manufacturing unit in Bengal or Karnataka. Historically and logically, it is always in the interests of the consumer and a corporate if there is healthy competition.
The Death Of The Federal Structure
Everyone agrees to the simple fact that GST is fundamentally anti-federal which is the sole reason why states have been resisting it. They won鈥檛 be able to raise or lower taxes as they see fit economically or politically and will always need to go to the GST Council to bring about changes. The whole voting structure to bring about change in tax rate is flawed and heavily in favor of the Union Government. Also, once in Marquise Blair Seahawks Jersey , states will not be able to opt out of GST.
All in all, GST is poised to be the next big failure in the slew of disappointing steps taken by the government.
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