Yes, there’s a lot of writing about the goods and services tax (GST). But here’s what all experts know about it: nothing. I tried to read some columns about filling out something called GST-1for monthly filing and having the vendor in sync with the supplier. I have to say, I understood more when I saw ancient scriptures in Latin at the Vatican. And I don’t understand Latin.
I read about some movie producers and restaurant owners complaining that they were put in the GST categoryof 28 per cent. This meant their professions would be taxed at the same rate as gambling. Just because it is a gamble to be in these professions, doesn’t mean the government needs to take it so literally.
Then I read some counterargument about how transparency would lead to an overall price reduction and, therefore, the 28 per cent would be okay and eventually things would be the same. It made as much sense to me as Pune’s defeat in the IPL final. That is, zero.