Will GST come?
EXCEPT for a few jokers, everybody knew that GST by 1.4.2010, is a big joke. Now will the joke continue on 1.4.2011 also? The States are yet to reach a consensus on several issues. The threshold limit is a big irritant. Purchase tax is another area where there is going to be disagreement. And when are they going to put the infrastructure in place? What will poor Nilekani do with the bright bureaucrats and aimless politicians?
In Australia, GST is ten years old and just yesterday an economic expert called it a three card trick. Mr. Greg Smith, another expert who was called a genius by a former Prime Minister, says,
"the simplest solution would be to lift the GST and get rid of the dud cash grabs that appear designed for little else but to keep tax professionals in a job. Politicians invariably try to fit square pegs into round holes when they decide on change. They seem to think that if they announce something it can be done"