GST was passed in the Rajya Sabha after many years
The passage of the bill is considered the most important reform measure
The idea of GST was first believed to be taken by Mr. Vajpayee
Former Finance Minister P. Chidambaram took up the GST bill in 2006
He vowed to pass it in Parliament by 2010
BJP had opposed the bill then, also some of the states including Gujarat
The GST bill is expected to make tax compliance easy and give a boost to the economy
States are unhappy as they lose their taxation powers
The two biggest economy in the world i.e U.S & E.U have not implemented GST
Will GST be a short term relief and a long term burden?
Does GST go against the federal principles of Indian constitution?
Is GST answer to India’s economic malaise?