India: GST Bill

सरदार पटेल ने जिस तरह भारतका राजनीतिक एकीकरण किया और उनको बिस्मार्क कहा जाता है, उसी तरह अरुण जेटली भारत का आर्थिक एकीकरण करना चाहते हैं इस GST Bill के रास्ते। तो देरी किस बात की? काँग्रेस कहती है ये बिल तो पहले हम लाए। आप लाए तो पास करने में और आसानी होनी चाहिए। दोनों मिल के क्रेडिट ले लो। लेकिन पास तो करो।

What is the GST Bill? What does it mean to you and me? The Good and Services tax in the biggest indirect tax reform since 1947 and it has potential to lead the economic integration of India.

This will be levied on manufacture sale and consumption of goods and services. ...... the GST bill will lead to the economic integration of India. ..... The main function of the GST is to transform India into a uniform market by breaking the current fiscal barrier between states. Thus the GST will facilitate a uniform tax levied on goods and services across the country. ..... Currently, the indirect tax system in India is complicated with overlapping taxes levied by the Centre and the State separately. ..... two components- the Central GST and the State GST. They will both have separate powers to legislate and administer their respective taxes. Thus equally empowering both. ....... Taxes such as excise duty, service, central sales tax, VAT ( value added tax), entry tax or octroi will all be subsumed by the GST under a single umbrella. ..... With passing of the GST bill, we can expect a climate of improved tax compliance...... Thus, the GST will basically have only three kinds of taxes, Central, State and another called the integrated GST to tackle inter-state transactions........ The first mention of the bill was in 2009 when the previous UPA government opened a discussion on it. ...... the current challenge facing the bill is that it needs two-third majority of both houses and 50 percent of the state assemblies will have to ratify it. ..... the GST will be instrumental in helping the GDP of India to grow by 2 percent. ......

The GST also offers a solution to the multinationals as it breaks down the indirect tax structure into one single tax payable by the companies.

Ten things to know about the GST Bill

The Bill seeks to shift the restriction on States for taxing the sale or purchase of goods to the supply of goods or services. ...... The GST Council will be the body that decides which taxes levied by the Centre, States and local bodies will go into the GST; which goods and services will be subjected to GST; and the basis and the rates at which GST will be applied. ......... The Centre will levy an additional one per cent tax on the supply of goods in the course of inter-State trade, which will go to the States for two years or till when the GST Council decides. ..... Parliament can decide on compensating States for up to a five-year period if States incur losses by implementation of GST.

GST will be cleared in 15 minutes if govt agrees to our terms, says Rahul
At the core of the dispute between the ruling party and the principal Opposition party is not just the demand for a constitutional cap on the GST median rate, as it is called, but also two other conditions put forward by the Congress.

“We don’t want a GST Bill where there is no cap on taxes. We want a limitation on the maximum tax people can be charged with.” ....... The Congress has demanded withdrawal of an additional one per cent tax on inter-state movement of goods, which has been proposed to provide comfort to manufacturing states that fear a loss of revenue. The party has also demanded a dispute resolution panel headed by a Supreme Court judge. ....... Stating that the GST legislation was conceptualised by his party, Rahul said: “For seven years, Jaitley didn’t allow it to pass. The current Prime Minister, when he was chief minister, too, didn’t allow it to pass. The BJP blocked everything. It has never been the strategy of the Congress to block Parliament.” .......

“This government doesn’t believe in a conversation”

, he said, adding that a compromise on GST was possible. “It is sitting on the table. But the government is not taking it,’ he said. He said that work is yet to begin on the necessary infrastructure that can make GST work. - ........ The Congress has hit back, pointing out that some of its concerns were reflected in the report of Chief Economic Advisor Arvind Subramanian on GST.

Related articles

• Maharashtra, UP show India what to expect from GST
• Jaitley says govt is open to scrapping 1% additional tax on GST
• Arun Jaitley says ready to consider scrapping 1% manufacturing tax, hints at lower-than-18% GST rate
• India's 2015-16 GDP outlook revised downwards to 7-7.5%
• Early GST rollout to help create more jobs, boost output: IMF
• India lowers growth forecast for 2015/16 to 7-7.5%
• Fresh push for GST: Jaitley, Naidu meet Congress leaders
• The Road To Nowhere: SAARC At 30 - Analysis
• Arun Jaitley rules out including GST rate in constitution bill
• Jaitley appeals to Congress for support on GST

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The Conversation On Drugs Sean Penn Wants

English: Sean Penn at the premier for Milk at the Castro Theatre in San Francisco, October 2008 (Photo credit: Wikipedia)

Bin Laden, And Now El Chapo
Does Sean Penn Play Sean Penn In The Sean Penn Movie?

First of all, I'd say, it is fair for US law enforcement to have thought of El Chapo a Bin Laden like figure. I have not read up much on the whole legalization of drugs thing, but I am pretty sure that debate does note venture beyond marijuana. Serious brain altering chemicals are a one way road to addiction that cripple you as a human being. If Bin Laden was the most wanted man in New York City, El Chapo was the most wanted man in Chicago. Lives have been destroyed in the wake of the drug trade. The intelligence craft that got El Chapo is rightly Zero Dark Thirty material. And let's get one thing off the bat, US law enforcement does not exactly have the luxury of taking part in the debate and discussion on the legalization of drugs. They are not lawmakers. A duly elected government pays them a salary and swears them to an oath. They have a job to do. It is a very difficult job requiring specialized skill, and sometimes the ultimate sacrifice. The capture of El Chapo is a major victory for the forces of good.

Sean Penn Says El Chapo’s Capture Spoiled His Article

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Sean Penn has "a terrible regret" about "El Chapo" meeting

America is a democracy. Of course we can talk about the War On Drugs, just like we can talk about everything else. Heck, I myself want to participate.

The number one thing is, we as a people, as a species, lag way behind when it comes to understanding and doing something about mental health. Mental health is still such a taboo topic. We know so much about the harmful effects of smoking. But what do we know about the effects of loneliness? When we catch a cold, we are aware of some over the counter stuff we can take. What are the mental health equivalents? Do we even become aware when we catch cold? Mental health is nowhere on par with physical health. Efforts should be made. One of the things that will emerge is we will put much more emphasis on our emotional infrastructure. We will look at family, friends, and colleagues in a new light. We will do more about self help groups, hotlines, and therapy and medication. A lot of the drug consumption is people going to the quack doctor because nothing else is available, people getting abortions and risking deaths, because abortion is illegal.

This is my primary thing to say.

As for the broad policy called the War On Drugs. I wish there were ways to get guns and drugs out of inner cities. I know people are trying. But what has been done is not enough. America supplies guns. America gets supplied drugs. These are humongous problems. The best people are at it, but the results are not good enough.

Does Sean Penn have a right to meet El Chapo? Of course he does. He went as a journalist. Journalists do have a right to meet and talk.

Fear Of Gun Violence Is Black Slavery Today
The Insanity Of Guns In America
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