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)