Is GST on Track? What we can Infer from the Budget Speech

  Our Finance Minister, Mr. Arun Jaitley, in his Budget Speech, did not elaborately discuss the road map of GST. However, he did indicate that the passage of the Constitutional amendment bill for GST and progress of its implementation is a “Tectonic Policy Initiative”. While briefing the house on the benefits of GST, he said, “the advantages of GST for our economy in terms of spurring growth, competitiveness, indirect tax simplification and greater transparency have already been extensively discussed in both houses of Parliament. I thank all members of both the Houses for having passed the Constitution Amendment unanimously”. He also thanked the State Governments for resolving all relevant issues in the GST Council. This is a clear indication from […]