1. Disappointed at multi-tiered approach of GST: Kiran Mazumdar-Shaw

Disappointed at multi-tiered approach of GST: Kiran Mazumdar-Shaw

Biocon Chairperson Kiran Mazumdar-Shaw has expressed disappointment at the multi- tiered approach of Goods and Services Tax (GST), although calling it a unique game changing opportunity.

By: | New Delhi | Updated: June 29, 2017 4:44 PM
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Biocon Chairperson Kiran Mazumdar-Shaw has expressed disappointment at the multi- tiered approach of Goods and Services Tax (GST), although calling it a unique game changing opportunity. She had earlier welcomed the indirect tax system saying that it was a “must have” economic reform and that some of the anomalies in certain sectors can be corrected post rollout. “GST is a unique game changing opportunity, let’s not squander it by a complex tax structure. Very disappointed at multi-tiered approach,” Mazumdar-Shaw said in a tweet today.

  1. A
    Apte
    Jun 29, 2017 at 5:27 pm
    1. One can understand genuine concerns about possible difficulties after GST roll-out. My query is this: Would it ever be possible to have in place a tax regime that satisfies everyone? 2. Boycott of midnight function to be held for GST roll out by the Congress and Trinamool Congress is just an immature response to an important event. Instead of extending hand of cooperation to the government on the occasion of implementation of an important tax reform measure, some of the opposition parties are boycotting the event of launch of GST regime. BJP and NDA are NOT going to be losers on account of the boycott. 3. Actually, this was a good opportunity for the Congress party to explain to the people how during the UPA regime, then Union Finance minister Shri Pranab Mukherjee and his government made efforts to introduce GST but did not succeed. One of the reasons for failure of Shri Mukherjee was rather cold response to GST from many State governments, particularly the BJP ruled ones.
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