Jubilation on the constitution amendment concerning GST is okay, but much more is needed to make the law implementable
August 8, 2016, the day when GST Constitution Amendment (122nd Amendment) Bill was passed by the Lok Sabha (with amendments made during the discussion in Rajya Sabha) with a majority of 423:00, is heralded as the most important day in the history of tax reforms in the country after 1991 when the economy was liberalised. The Prime Minister, who intervened in the Lok Sabha debate, described the event as a major step towards ‘freeing India from tax terrorism”. He further said: “Ek Bharat, Shreshta Bharat is the dream of all us. When we look at railways, post offices, All India Services, we get the feel of one India, now digital India, sagarmala…all these make us aware of one India, they strengthen that spirit. GST is the new pearl that we are adding to this necklace; this strengthens the spirit of India.” He further observed: “Rashtra niti has triumphed over rajniti”—well said as far as the strength and significance of the proposed law is concerned.