lavenge lavenge
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Guys, any ideas when the GoI will implement the Goods and services tax? Seriously waiting on this reform, within 18 months it will be adding 0.9-1.7% GDP growth a year alone!!
If Modi is serious about reforming the indian economy and easing the ability to do business in india then this has to happen ASAP. This current state of unproductively in goods and services needs to end.
GST would require a constitutional amendment with 50% total strength , not present and voting, in both house separately + It would require to be passed by at least 50% of states to come into effect. BJP could muster numbers in Lok Sabha, but not in Rajya Sabha today. But by 2016, the effect of BJP's win in Madhya Pradesh, Rajasthan,Chattisgarh, Maharashtra, and Haryana would make Rajya Sabha as, NDA majority.
Also probable win in Delhi, Bihar, Jharkhand, Uttranchal, and Himanchal may make 50% state no for BJP.
So GST would be implemented by 2016's end. Before that it could be implemented, if Congress co-operates.