The first casualty in the GST regime. GST itself.
The Economic Times reported this morning that there is a proposal to refund GST on goods made in certain Excise Free zones. This is being done, ostensibly, to help pharma and auto companies. How would this move impact the following:
- One nation, one tax?
- Level playing field irrespective of geography?
- DTA zones selling to EOUs?
- Surat strikes?
- Instigate unrest by units in other sectors?
Since this does not seem to be a political/ development induced move, it also raises the question whether the big industry lobbies are would be able to influence public policy?
Your guess is as good as mine.
(Coming soon – the woes of the small exporter)
I don’t understand this very much. First I was told that if my yearly income is less than 20 lakes I don’t come under its purview but then there is some payment to be made if we are working in other states. It seems to me a perfect example of more things change more they remain the same . Everything is just more complicated .
Ha ha ha welcome to GST babes!
[…] of those. In the interregnum interim, much has changed. Taking up from my last 2 blog posts on GST (here and here), it seems much that I ranted about has been […]