Resetting the GST paradigm

Resetting the GST paradigm

The roll-out of the countrywide goods and services tax (GST) from July 2017 was expected to favour the consuming states more than those with heavy concentration of manufacturing and mining enterprises.

he premise of such thinking was that since the GST was a destination-based tax, states that consume more would have a larger share in the collection of the state goods and services tax (SGST), compared to the predominantly manufacturing or mining states. However, tax revenue numbers of 17 states, which have so far presented their annual budgets for the current financial year, tell a …

Source http://www.business-standard.com/article/opinion/resetting-the-gst-paradigm-118042401404_1.html

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