Our Bureau
Finance Minister Arun Jaitley is optimistic that
Goods & Services Tax (GST) will not miss...GST rollout: there are gaps to be filled, say logistics players ...
Spontaneous (to share
with like-minded):
Given the
provocation perforce instantly drives
anyone wakeful and conscious enough crazy, to let loose his faculty to think or
imagine, and start making a wild guess about the rollout and transitional
problems alerted about by ‘experts’ and non- experts alike. On a reading and understanding
line by line, the impression given is that ostensibly there is bound to be met with
a cavernous gap between the rules book and its implementation or enforcement; and
most probably might persist and continue for long. Looking at the enormity of
the impediments foresighted and cautioned about, the problems as visualised
could be mitigated at least to some extent; provided, of course, the men in
power and the concerned authorities spare no efforts and pains to intelligently
chart out, and sincerely devise effective and efficacious ways and means even
now, and be in readiness. Ideally, ought to do so the soonest, in order to meet
and squarely deal with and tackle the otherwise inevitable fallout problems galore;
instead of waiting for the dreaded crisis situation to come to fruition, head
on, as has historically been the experience with regard to any such legislation
impacting the very nation’s economy as a whole.
Calling to worrisome Focus:
“As we wait for clarity about
the time frame and exact nature of GST, companies might face issues in the
short run, when they transition their IT and ERP (enterprise resource planning)
systems as per the new format,” said Agarwal. For those looking at improving the ease of
doing business, there is struggle in the current form of GST, he added.”
The known conventionally followed
legislative provision, styled as "repeals and savings", if framed in somewhat a
comprehensive manner, for
meeting transitional problems as envisaged, after clearly identifying the specific areas potent with them,
may help in easing resolution on a timely basis.
Calling to worrisome Focus:
Grave doubts which instantly
arise are centred on observations, which speak of
‘early adopters’ and ‘joining
the rollout’ at a later point in time.
The further observations, selectively,
are these: -
“..There can be other
challenges in the transition to GST, which could take about two-three years,
before the lower costs trickle down to customers.”
TAIL PIECE:
The comment is intended to inspire
more useful thoughts on the lines indicated in the minds of those, even if
those be limited few, having a national
outlook ; not to elicit any useless repartee or rejoinder from anyone having no
clue whatsoever or by nature inclined to choose to be tuned to a different
wavelength or decided to go off at a tangent, with no iota of concern for the common good.
No comments:
Post a Comment