GST with Three Pillars?

By Vijay Kumar

ADDRESSING the CII yesterday, Mr.V Krishnan, CBEC Member said that the three pillars of GST would be rate, technology and legislation. Regarding rate, he said that National Institute of Public Finance and Policy (NIPFP) was looking into the possible rate structure which could keep cascading effect to the minimal. On technology, Infosys was entrusted with the task of creating a world class portal to provide for an IT platform for the implementation of the GST. On legislation, he assured that industry would be consulted at every stage to bring to the fore their views, concerns and suggestions to be incorporated in the GST framework.

The three pillars don't seem to be of similar size and shape - maybe they should think of one more pillar - and there doesn't seem to be a foundation to put these pillars on, though the roof seems to be ready.

Tomorrow is a Holiday - Happy Vijayadasami