GST Bill is Through - Remember Canada…
THE passing of the GST Bill is hailed as a historic event in the tax history of the country. A Member in the Rajya Sabha assured the Government that in several countries, the Governments that introduced GST returned to power.
But Mr. Sitaram Yechury cited a different story. Mr. Mulroney of the Progressive Conservative in 1991, who had a two-third majority, brought the GST Bill in Canada. Two years later, elections took place in Canada and from a two-third majority, the Party's strength came down to two representatives!
Moral of the story: Never take the risk of GST two years before elections.