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Is GST the best thing to happen to India since Independence? Twitter can't get enough it

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DailyBite
DailyBiteJun 30, 2017 | 19:39

Is GST the best thing to happen to India since Independence? Twitter can't get enough it

It’s finally here. At midnight, the 0000 hours on July 1, India will arrive at the Goods and Services Tax (GST) age.

If you are still unsure of what it is - GST is a system of taxation in India, first proposed in 2006, which merges many individually applied indirect taxes into a single tax. It is a comprehensive indirect tax on the manufacture, sale and consumption of goods and services all over the Indian territory, and it is to subsume (incorporate and replace) a host of indirect taxes levied by the central and state governments at various points in the circulation of products and services within the country.

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For reasons more than one, the country is apprehensive about the idea of a complete tax overhaul. Add to this the fact that a chunk of the system is yet to be in fully place for GST to be smoothly implemented. 

As is with more than a few economic and political decisions taken by the Narendra Modi-led BJP government, there is a slew of mixed reactions already. While there is a fair bit of rumour-mongering about it, there is also outright opposition and overwhelming support.

The Opposition leaders and their cohorts have reacted strongly to the GST rollout. The Congress has formally announced its boycott of the launch ceremony, the "midnight bash". According to the Congress, they have brought in historic reforms but have never celebrated them “this way”.

"This midnight spectacle is ignoring harsh realities of society, intolerance, farmers issues which cannot be ignored. Congress cannot be party to such a tamasha (drama), publicity gimmick... we won't be party to publicity for a mere tax policy," said senior party leader and former Union minister of commerce, Anand Sharma.

Here's what the Opposition is saying on the GST rollout.

Politicians aside, the generalissimos of Twitter have a mixed reaction. While they had words of caution about the government’s preparedness, they seemed more or less supportive of this policy change, something most people believe, will cause an economic breakthrough.

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But the winners are always the ones who know how to make a joke. It does not matter what the policy is, there are always those who can’t help but find a little hilarity in every situation:

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Last updated: June 30, 2017 | 19:39
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