Don't eulogise GST for what it isn't

Both industry and government made too many tall claims about what GST had in store for us before it was introduced. The chief of a federation of industries had said that it could add 1.5 per cent to GDP.  The finance ministry also made a similar claim in a bulletin issued by the Press Information Bureau on May 22, 2012.  I am writing to say that tall claims about the outcome of GST have become infructuous because it was not made according to the original design.  GST has been good for many reasons.  But it should not be eulogised for what it is not.   GST has bee.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.