GST Is Dead? Funeral and Post-mortem soon
THE much hyped GST is almost dead. The BJP is angry with the Central Government for the CBI's audacity in sending a BJP State Minister to jail. So they will not allow GST!!. Eight BJP strong States - Karnataka, Madhya Pradesh, Chhattisgarh, Gujarat, Himachal Pradesh, Uttarakhand, Bihar and Punjab – are all set to oppose GST. Tamil Nadu and UP may also join.
Unless the FM uses all his political acumen, the Bill is not likely to go through in this session and if it doesn't, GST from April 2011 is a distant dream.
Perhaps the Centre can go ahead and introduce a Central GST and the States will be gradually forced to join the mainstream.