GST offers some renewed hope for India’s tax reform

India Investment Journal June/July Edition, Policy India, 2016
by Arnab Mitra
The Goods & Service Tax (GST) Bill, which has been held up in the Rajya Sabha for years, now stands a good chance of being passed into law.

The Congress, which has been opposing the bill in its current form with support from like-minded parties, looks politically isolated following the change in the composition of the Upper House, where the ruling National Democratic Alliance (NDA) now has more members than the Congress-led United Progressive Alliance (UPA) after biennial elections on June 11 and a profound change in the political mood in the country after the last round of Assembly polls, in which the Congress was routed in four states. This has brightened chances for the passage of the GST Bill, which proposes to replace...