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'It will help maintain financial stability'
Even if it is assumed that the GST Bill is passed in the Monsoon Session of Parliament, there are numerous obstacles in its final implementation. Much of the focus is on the stubborn Opposition digging in its heels in the Upper House, but there are other practical problems too that have not yet become a part of the popular GST narrative.
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The government has released a Model Goods and Service Tax (GST) Law for consultation from public forums after the conclusion of the meeting of the Empowered Committee of the State Finance Ministers in Calcutta in June 2016. The draft takes significant steps in framing a law relating to the taxation of e-commerce in India.
The budget session of the parliament is over. While the Narendra Modi-led NDA government failed to pass crucial bills like the Land Acquisition Bill and the Goods and Services Tax Bill, a lot happened...