GST can be India's Brahmastra
"GST can be a "Brahmastra” for the Indian economy against a very difficult global economic scenario, affected by demand slowdown, uncertain geo-political situation after the Paris terror attacks, and an unprecedented crash in vital commodities.”, says the new President of Assocham, Sunil Kanoria. He believes that GST will harmonise indirect taxes by doing away with multiplicity of taxes. It will also reduce cost of production, which will be then passed on to consumers, thus lowering inflation. More striking would be the display of a political unity and the will to rise up to national cause. That will be a great positive for revival of investment, both domestic and international, something most needed at this point of difficult international times.
Everybody seems to be eagerly waiting for the GST without realizing the demon lurking in the dark.